Housing Sales
Overall housing sales for all of 2006 are down a slight 2.3% (2,809 vs. 2,874 sales). The total dollar sales actually rose to $1,274,412,429 – a considerable 12.8% increase. As a result, the average selling price was able to post higher at $453,689. This is a whopping increase 15.4% increase over the average for 2005. The average price of a single family house climbed more that $100,000 to $785,564 – a 16.4% increase.
We have not seen any reduction in demand. Just the opposite. Any reduction in the number of total sales is due to a lack of listings on the market. Total listings are the lowest since the early 1980’s. This is driving prices higher especially in the condominum market.
Lot Sales
Sales of subdivided lots for the year were comparable with last year (459 vs. 455 sales). The average selling price climbed considerably from $267,196 a year ago to $304,085 (up 13.8%) The total sales volume came in at 139.6 million – an increase of 17.9 million or 14.8% The Upper Blue area (Farmers Corner – Hoosier Pass) including Breckenridge accounted for 62.7% of the total sales.
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