RESORT TOWN REAL ESTATE CONTINUES TO BE STRONG | PostIndependent.com
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RESORT TOWN REAL ESTATE CONTINUES TO BE STRONG

Data compliments of Land Title Guarantee Company,

August 2007 held strong for the five resort real estate communities of Garfield, Pitkin, Eagle, Routt and Summit counties, despite the current national trends. Real estate sales in the five county area surpassed total sales in August of 2006 by $138 million, an increase of 14.3%. Eagle County lead the way with sales of $313 million. Eagle County saw intense activity in August in the high-end market, with 7 sales over $5 million. With four months left in 2007, it is likely that Garfield County will surpass the record volume of $1 billion set in 2006. Through August of 2007, Garfield County has tallied total real estate sales of $826 million, up 30% from the same time period in 2006 which totaled $636 million. Routt County has already surpassed their 2006 total volume in sales. Through August of 2007, sales have totaled $1,156,724, an increase of $35 million (3%) over the entire year of 2006, which had total sales volume of $1,121,036. Year to date average sales prices in all five counties continue to be steady. Pitkin County has the highest average sales price of $4.5 million, with Garfield County having the lowest average sales price of $440,000.


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