Resort Real Estate Index By County
Just when we think we are beginning to see a bit of the softening market approach the mountain communities, one of our neighbors, Routt County, reports record numbers peaking at over a billion dollars year-to-date through November topping the $885 million total sales the year 2005. Across our neighboring resort communities October showed a dip from the previous month with the exception of Pitkin County. Surpassing Eagle County in October with the highest reported volume at $289.6 million for Pitkin County to Eagle County’s $228 million, followed by Summit County at $188 million and lastly but ahead of Garfield County’s $85 million was Routt County at $124 million.While Garfield County again reported the lowest of the 5 neighboring resort communities it continues to be the most “affordable” of reported resorts. Neighboring mountain communities continue to report higher than national year-to-date averages as follows: Routt and Summit Counties in the low $700’s, Eagle County $1 million and Pitkin County up to $3.6 million. Garfield County ended October reporting the average home sale at $379,929 and median of $310,000. So while overall dollar volume for October was down from the month prior the average and median prices continue to increase. The total dollar volume for Garfield County for the month of October was $85,807,900 from 259 transactions.Pitkin and Eagle counties continue to trend in similar patterns. With Aspen and the Vail/Beaver Creek areas all feeding the high dollar transactions and second-home sales year-to-date total volume of $2.1 billion and $2.2 billion were reported. Summit County has an October year-to-date total volume of $1.3 million.Note: Average Single Family Home price notation: Garfield County: April 1st through Year-to-Date referenced, Pitkin County: July 1st through Year-To-Date referenced; Summit, Eagle & Routt Counties: Jan 1st through Year-To-Date referenced. Note: All data contained herein is public record data that is believed to be accurate but is not guaranteed.
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