• September 2008 has the highest gross volume and number of transactions all year.

• 19 Crystal Peak Lodge units closed for a total of $28,060,000 or averaging $1,476,842 per unit.  This contributed to the highest average price per transaction that we have seen in the recent years at $643,131.  Last September 2007, there were 25 Residential Improved Units that closed over $1M, this September 2008; there were 30 Residential Improved Units that closed for over $1M.
• An apartment complex closed in Dillon Valley for $4.3 M, which is a commercial transaction- this figure skewed the transaction price, but not the Residential number. The reason that apartments are commercial is because they are income generating properties instead of dwelling units occupied by owners.
• The 2008 Year to Date Gross Residential Price Index shows that our average prices continue to surpass the past two years of 2006 and 2007.
• The month of September 2008 only shows a 25% decrease from the month of September 2007 in monetary volume. The monetary volume in September 2008 is similar and in between the years of 2004 and 2005. The month of September 2008 indicates a 33% decrease in number of transactions compared to the month of September 2007.
• The Residential Improved Unit Cost Breakdown in September 2007 showed the Average Sales Price of $579,711 and the Average Sales Price in 2008 shows $672,400. The YTD 2008 September Residential Improved Units reflect the average price of $522,349; the YTD 2007 September Residential Improved Units reflect the average price of $519,985.