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June 15, 2009

Resort Comparison of Residential Price Per Square Foot $1,400

$1,198 $1,200



$733 $800

Single- Family Multi- Family

$600 $400


$387 $235 $230

$362 $309


$200 $0

Eagle County

Garfield County

Pitkin County

Routt County





Summit County Summit

Foreclosures Down ABC News Foreclosure filings were reported on 321,480 U.S. properties during May, a decrease of 6 percent from the previous month but an increase of nearly 18 percent from May 2008. June 2009

$8000 Tax Credit Advance REAL Trends “Last week, the U.S. Department of Housing and Urban Development (HUD) announced that first-time homebuyers using FHAapproved lenders can now get an advance on the $8,000 tax credit created by the stimulus package and apply it toward their down payments or closing costs. “ “The mechanics of the new program, according to NAHB Economist Robert Dietz, allow lenders to purchase tax credits from the buyers and then collect the rebate from the IRS.” June 2009

Existing Home Sales REAL Trends “Existing-home sales rose in April with strong buyer activity in lower price ranges, according to the National Association of Realtors. Existing-home sales increased 2.9 percent to a seasonally adjusted annual rate of 4.68 million units in April from a downwardly revised pace of 4.55 million units in March.” May 2009

Dow Jones Economic Sentiment Indicator Dow Jones Economic Sentiment Indicator (ESI), introduced in April 2009 and back-tested to 1990, continued a trend of modest improvement in May rising to 29, up from 27.6 in April. The ESI is up nearly seven points from its all-time low of 22.2 in November of last year. June 2009

Source of data in this report includes the Land Title & other news outlets. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information.

June Summit County Market Insider  

Resort comparison of residential price per square foot for Eagle, Garfield, Pitkin, Routt and Summit Counties.

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