Strong Real Estate Market in Estes Park

It’s a roller coaster ride!

Have you checked out interest rates lately? Watched the financial news? Read up on the Economic Stimulus package? It is a little overwhelming isn’t it?

In case you are wondering about the health of the Estes Park market, the 2007 sales data has just been released. Here it is:

Total sales volume for ALL Property types in 2007 was $148,411,783. This is compared to $143,507,064 for 2006 representing a 3.4% increase.

Residential Sales single family sales saw a 3.30% increase in total volume to $88,428,857 with 233 residential properties sold. The average single family residential home was $379,923, a 5.2% decrease over the 2006 average.

Vacant Land sales total volume showed a 26.00% decrease over 2006. The average price rose to $187,979 from $186,613 in 2006, a .70% increase. 

Town home/Condo sales increased 14.10% in total volume to $40,787,026 from $35,738,445 in 2006. The number of Town Home/Condo sales numbered 136 as compared to 130 in 2006. The average price increased 9.00% to $299,905.

I would be lying if I didn’t say I am a little nervous about all the talk of a recession, but I do have to add that I have a lot of confidence in the Estes Park market. Estes Park is rich with resourceful individuals, teachers, business people, artists, musicians and beautiful scenery. People are willing to invest here as shown by the growth of our market last year.