{"id":2442991,"date":"2019-04-15T21:44:00","date_gmt":"2019-04-16T03:44:00","guid":{"rendered":"https:\/\/www.aspentimes.com\/news\/downvalley-housing-prices-up-this-year\/"},"modified":"2019-04-15T21:44:00","modified_gmt":"2019-04-16T03:44:00","slug":"downvalley-housing-prices-up-this-year","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kspn\/local-news\/downvalley-housing-prices-up-this-year\/","title":{"rendered":"Downvalley housing prices up this year"},"content":{"rendered":"
As the first-quarter numbers are coming in, the upward trend in the housing market in the Roaring Fork Valley doesn\u2019t show any sign of reversing.<\/strong>
Chelsea Self \/ Post Independent<\/em><\/figcaption><\/figure>\n

Townhouses, condos and duplexes in portions of the Roaring Fork and Colorado River valleys sold at higher median sales prices to open 2019, according to the Colorado Association of Realtors.<\/p>\n

In Carbondale, for the months of January and February, the median sales price for the townhouse-condo category jumped 21.1% when put alongside last year\u2019s data spanning the same timeframe.<\/p>\n

\u201cI don\u2019t think anything, personally in my opinion, is affordable in Carbondale,\u201d CAR spokesperson for the Glenwood Springs Association of Realtors Erin Bassett said Monday.<\/p>\n

During those same months in 2018, the median sales price for townhouses, condos and duplexes, which included many of Carbondale\u2019s deed-restricted \u201caffordable-housing\u201d units, amounted to $565,500. In 2019 so far, that number has increased to $685,000.<\/p>\n

As the first-quarter numbers are coming in, the upward trend in the housing market doesn\u2019t show any sign of reversing.<\/p>\n

\u201cIt\u2019s just crazy,\u201d Bassett said.<\/p>\n

Heading downvalley, year-to-date through February, townhouses, condos and duplexes in the Glenwood Springs market had a median sales price of $341,500, marking an 8.4% increase from last year\u2019s same window of time.<\/p>\n

During the first two months of 2018, the Glenwood townhouse-condo sector\u2019s units had a median sales price of $315,000.<\/p>\n

\u201cThe question is, what is affordable?\u201d Bassett asked. \u201cThat\u2019s the biggest question, because prices continue to rise but people\u2019s wages aren\u2019t going up.\u201d<\/p>\n

New Castle\u2019s townhouse-condo category experienced the largest median sales price percent increase from the beginning of the year through February at 39.8%.<\/p>\n

For the first two months of the year in 2018, the median sales price for those types of units in New Castle was $189,500. In 2019 so far, that number is roughly $265,500.<\/p>\n

\u201cThe Colorado River Valley is just as beautiful as the Roaring Fork River Valley, and you can get a lot more for your money the farther west you go,\u201d Bassett said.<\/p>\n

Silt\u2019s median sales price for the townhouse-condo category was $265,000 during the same period last year. In 2019, however, it was $305,000, marking a 15.1% change.<\/p>\n

\u201cI think that one of the things that also drives our prices is the lack of land,\u201d Bassett said. \u201cWe only have so much land to build on.\u201d<\/p>\n

In Rifle, the townhouse-condo category\u2019s median sales price was $165,000 to open last year. This year so far, those units are typically selling for $204,000, marking a 23.6% increase.<\/p>\n

\u201cI think that there is more appreciation for a townhouse, condo unit than there has been in the past,\u201d Bassett said.<\/p>\n

Bassett explained that the townhouse, condo and duplex market had grown increasingly desirable, particularly for first-time homebuyers, but also for retirees, \u201cRealizing that they can live with less and be able to still have the lifestyle that they want in (the Roaring Fork and Colorado River valleys),\u201d she said.<\/p>\n

That, alone, was key for those buyers, according to Bassett.<\/p>\n

via:: The Aspen Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As the first-quarter numbers are coming in, the upward trend in the housing market in the Roaring Fork Valley doesn\u2019t show any sign of reversing.Chelsea Self \/ Post Independent Townhouses, condos and duplexes in portions of the Roaring Fork and Colorado River valleys sold at higher median sales prices to open 2019, according to the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-2442991","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-16 18:26:40","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSPN The Valley's Quality Rock","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kspn","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2442991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/comments?post=2442991"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2442991\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/media?parent=2442991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/categories?post=2442991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/tags?post=2442991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}