View 2006 Market Activity & Absorption
View Interval Sales 2007
View the Snowmass Village Statistics, Pitkin County Statisticsor theEagle County Statistics
View April 2007 Market Analysis for Eagle County

Both Pitkin and Garfield Counties saw dramatic increases in dollar volume compared to January of 2006. Transaction volume for Pitkin County was down from 2006 primarily due to the large volume of Hyatt closings Last January.

The real estate market in Pitkin County surged in the month of December, with triple digit percentage increases in both total dollar volume and transactions closed compared to December of last year.

Nationally, the news is not so clear. With a sharp decrease in new home construction, concerns are focusing on how the housing downturn could last well into this year and eventually affect the wider economy. Conversely, the slowing in new homebuilding in January (down 14.3% from December 2006 and down 37.8% from January 2006) could eventually speed up a recovery by reducing inventory of unsold homes.

The National Association of Realtors is reporting that existing home sales in most states were down from year-ago levels in the fourth quarter. The seasonally adjusted annual rate of existing home sales was down to 6.24 million units in the fourth quarter from 6.94 million in fourth quarter of 2005 a 10.1% decrease. Only six states saw an increase from the fourth quarter of 2005, Colorado experienced a 12.5% decrease.

The Roaring Fork Valley marches to the beat of a different drummer! January’s huge increase in dollar volume makes that clear, and with the usual suspects (inventory, geography, and national demographics) not changing, we will continue to see increased demand and upward pressure on prices into the foreseeable future.

Pitkin County kicks off the year on a high note. Dollar volume hits a triple digit increase, 120%, over January last year, reporting $253 million. However, the number of transactions actually declined 47% with 119 compared to last January which reported 226. Interval transactions of 18 represented an 84% decrease over last year mostly due to Hyatt closing last January.

This data is believed to be acurate but is not guaranteed. Figures shown reflect arms-length property transfers only and do not include deeds on which a documentary fee was not paid.

Please note: These figures are an unofficial tabulation of Garfield County records that are believed to be reasonably accurate. Average & Median Price calculations do not include Interval unit sales, or Quit Claim Deed sales. New: Average & Median Residential Column includes only Improved Residential Sales - all property types: Single Family, Duplex, Townhome, Condo. There was one Transaction in the Glenwood Springs area which totalled $18.5M for a 281.623 AC Metes & Bounds development parcel in 7-7-88

This data is believed to be acurate but is not guaranteed. Figures shown reflect arms-length property transfers only and do not include deeds on which a documentary fee was not paid.