Mountain mayhem: Steamboat Springs Real Estate Gone Wild
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(Excerpt from the Aspen Times newspaper)
ASPEN — Five Colorado mountain resort counties will set a combined record for real estate sales this year even though the market has cooled in recent months, a recent report indicates.
The home counties of mega-resorts such as Aspen, Vail, Breckenridge and Steamboat, plus Garfield County, reached $8.56 billion in sales by the end of October, a report compiled by Land Title Guarantee Co. showed. That is an increase of 24 percent over combined sales of $7.41 billion through October 2006.
The dollar volume of other resort counties lags far behind. Routt County, where Steamboat is located, had sales of $1.39 billion through October. That already eclipses the total sales for all of 2006, Land Title Guarantee Co.’s report said. The real estate market there has more than doubled in dollar volume since 2004.
Elsewhere, the average home price was:
• $1.41 million in Eagle County.
• $928,776 in Routt County.
• $794,391 in Summit County.
Read the entire article here. Thanks, Scott Condon and The Aspen Times
Posted: December 26th, 2007 under Real Estate.
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