August sales drop 62 percent over 2008

GLENWOOD SPRINGS — Real estate sales in Garfield County continued to slide in August 2009, both in terms of prices of homes and the numbers sold, according to a report prepared by the Land Title Guarantee Co. Garfield County (which includes parts of Carbondale and Glenwood Springs, CO) sales in August came to $21.5 million, down 7 percent from $24.7 million in July and less than half the $56.4 million in August 2008, according to a market analysis by Land Title. Year-to-date sales stand at a value of $152.5 million, down 73 percent from the same period in 2008, while the number of transactions so far this year total 399, down 67 percent from the same period last year.
By John Colson, Sept. 28, 2009, Aspen Times

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