A record year! 2007 closes with real estate sales totaling almost $3 billion

Eagle County real estate sales reached nearly $3 billion surpassing the previous record set in 2005 by more than $160 million. While dollar volume reached an all time high, the overall number of transactions were 2,688, the lowest since 2003.

2007 sales totals exceed the highest overall sales price ever in Eagle County with the average price for all transactions at $1,101,375, nearly 25% over last years average sales price.

The largest contributor to the high dollar volume year was the 96 transactions of over $4 million. This exceeds by 31% the transactions in this price range last year.

The other mountain resort areas surrounding Eagle County have also seen an increase in total dollar volume. Routt County had a 42% increase over 2006 and Garfield County had a 17% increase. In total, the resort communities of Eagle, Garfield, Pitkin, Routt and Summit counties showed an 8% increase in total dollar volume over last year.