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The average price of a single-family home here increased to within $25,000 of $1 million during the first two months of 2008.
Land Title Guarantee Co. reported that Routt County and Steamboat Springs ranked third among five nearby counties affected by the resort economy.
The average single-family home price here was $975,418 during the first two months of the year. That compares to $907,835 in 2007.
Pitkin County and Aspen led the pack at $4.32 million, down from $4.64 in 2007. Garfield County and Glenwood Springs were the most affordable at $534,294. However, that number had increased by 17 percent from the first two months of 2007. Summit County also saw a substantial percentage increase in single-family home prices, up from $798,889 in 2007 to $893,026 this year. That’s nearly a 12 percent jump. The average price of a single-family home in Eagle County was $1.57 million compared to $1.42 million for the same period in 2007.
Real estate dollar volume was down across Colorado ski country during the first two months of 2008, but in some cases still substantially stronger than the first two months of 2006.
Routt County was down from the record numbers of January and February 2007, but it was still notably higher than 2006.
Land Title Guarantee Co. reports that Routt County saw gross dollar volume of $85.5 million in January of this year and $59.8 million in February. Those figures compare to $100.38 million in January 2007 and $74.8 million in February. By Tom Ross 4/20/08 |
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on Monday, April 28th, 2008 at 2:49 pm and is filed under Articles, Steamboat Springs.
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