Mountains see record real estate sales
ASPEN – Five Colorado mountain resort counties will set a combined record of $8.56 billion in real estate sales this year even with a recent cool-down in the market.The total was reached by the end of October in Garfield County and the counties that are home to the Aspen, Vail, Breckenridge and Steamboat ski resorts, according to a report compiled by Land Title Guarantee Co.Last year, the combined sales in the same area totaled $7.41 billion through October 2006.The lowest average home price in the region was Garfield County at $450,240, according to the report. The highest average price was in Pitkin County at $4.52 million.Elsewhere, the average home price was: $1.41 million in Eagle County. $928,776 in Routt County. $794,391 in Summit County.Garfield County’s real estate market is fueled by the natural gas boom in Rifle and Silt and second-home sales. The county’s dollar volume of $1.03 billion through October was close to topping last year’s record $1.05 billion.Pitkin County, home to the Aspen and Snowmass Village resorts, is having its second-best year for sales and could break the record set last year. The county reported $2.22 billion in sales through October.Eagle County notched sales of $2.54 billion, putting it on pace to challenge its record of $2.8 billion, set in 2005. Real estate in Vail and Beaver Creek are helping drive the sales.Summit County, home of Copper Mountain, Keystone and to Breckenridge, recorded sales of $1.34 billion.Routt County, where Steamboat is located, had sales of $1.39 billion through October, eclipsing the total sales for all of 2006, Land Title Guarantee Co.’s report said.
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