Ouray Colorado Real Estate Report

The Ouray County Real Estate Market continues to impress the skeptics. Third Quarter Single family residential sales increased 13.3% over the same period in 2006. The City of Ouray saw an increase in sales numbers of 40% while the unincorporated area of the County experienced an increase in sales of 46.7% over the same period in 2006.

Single family dollar sales rebounded in the County overall through the 3rd quarter of 2007. The City of Ouray (20.4%) and unincorporated Ouray County (54.5%) both saw positive numbers during the 3rd quarter. The Town of Ridgway was the only sector with a decline which came in at 44.5%. In looking back over the data from 2006, the decline in Ridgway 2007 over the same period in 2006, may be attributed to the fact that the affordable housing sales were ticking along very strongly last year at this time in Ridgway. With most of those units sold, the market most likely is coming back to the norm.

For all your Ouray, Ridgway and Ouray County Real Estate needs please call Erin Eddy at 970-318-1376 or visit my website at www.ourayland.com. Sold on the Southwest since 1986

All information in this blog was provided by Lynn Vogel of Comparable Sales Research.