Garfield County real estate sales down 33 percent |

Garfield County real estate sales down 33 percent

Aspen Times Staff Report
Aspen, CO Colorado

GARFIELD COUNTY ” Real estate sales in Garfield County are down nearly 33 percent through the third quarter of 2008 compared to the same period last year, according to a new report.

Land Title Guarantee Co. reported this week that the dollar volume of all sales in Garfield County is $621.43 million so far this year. Sales hit $920.88 million through the third quarter last year, the title company’s monthly report showed.

This year’s activity also trails the 2006 pace. However, to put it into perspective, the dollar volume of sales is better through September than it was at the same point in 2003, 2004 and 2005, indicating that all the news isn’t gloomy in the local real estate market.

Last year was a record for sales in the Garfield County real estate market with dollar volume at $1.22 billion. This year, sales have been down every month so far except February. The dollar volume of sales in September tumbled almost 41 percent to $55.87 million from $94.21 million for the month in 2007.

The number of transactions was down 48 in September and is down 40 percent for through the third quarter, according to Land Title Guarantee Co.’s report.

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