Colorado Resort Area Housing Hits Rocky Mountain High – NMP Skip to main content

Colorado Resort Area Housing Hits Rocky Mountain High

NationalMortgageProfessional.com
Feb 25, 2016
Colorado’s priciest housing markets had an extremely health year in 2015, with double-digit year-over-year increases in sales

Colorado’s priciest housing markets had an extremely health year in 2015, with double-digit year-over-year increases in sales.

The Aspen Times, citing data from Land Title Guarantee Company, reports that Colorado’s Pitkin County, which is home to the exclusive Aspen and Snowmass Village resort areas enjoyed $2 billion in real estate sales last year, a 32.5 percent spike from 2014. Eagle County, which is home to Vail and Beaver Creek resort areas, came in a very tight second with $1.99 billion, a 12 percent year-over-year increase.

Trailing behind was the resort region of Summit County, which had $1.37 billion in 2015 sales, up nearly 30 percent from 2014. But it is easy to understand the price spread: the average single-family home price in Pitkin County was nearly $5 million in 2015, versus $1.2 million in Eagle County and $856,000 in Summit County.

The total real estate sales volume Colorado’s seven resort area counties—which also included Routt, Garfield, San Miguel and Grand County Counties—was $7.47 billion in 2015, up 18 percent from the $6.33 billion recorded in 2014.

Published
Feb 25, 2016
Open Mortgage Names New President

Joe Stephenson, formerly of American Advisors Group, to lead daily operations.

Industry News
Dec 01, 2021
Homepoint Expands Refinance Program Offerings

Now offers Freddie Mac’s new refinance option, Refi Possible, making it easier for many homeowners with a Freddie Mac-owned mortgage to reduce their interest rate.

Industry News
Nov 30, 2021
Non-QM Lender Deephaven Hires Business Development VP

Dallas-based Tim Fisher charged with growing Deephaven’s correspondent business In Texas and surrounding states

Industry News
Nov 30, 2021
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021
Servion Taps Sagent For Consumer-First Servicing Tech Stack

A 7-year deal between Servion Mortgage and Sagent will equip Servion with Sagent's tech stack for performing, non-performing, and consumer experience.

Tech
Nov 29, 2021
Guaranteed Rate's Banosian Funds $2B In Total Loan Volume

The mortgage industry shouldn't be surprised by Guaranteed Rate's top loan officer, Shant Banosian, funding $2 billion in total loan volume during a record-breaking year. After all, “The Billion Dollar Man” is one of the top 5 loan originators in the U.S.

Wholesale
Nov 29, 2021