Fresh statistics from the Summit Assessors that provide appreciation information. I find I have more trouble getting this statistic than any other. The County Assessor has compiled the data and I thought I would pass on the information to you. These statistics compare previous sales (2004-2006) to January 2007- June 2008. That would mean that these numbers are pre-market downturn. As you can see from the Assessors information, even if our economy is going south, we did really well the last few years. The power point on the link below is 77 pages long. Below are some of the highlights- Page 5 – shows each area that the study was broken down into Page 6- shows the land appreciation statistics- this one is important and shocking. If we look at Vail and Aspen, we see a spike in land value just before we get to “build-out” where there isn’t any more land to build on. Both of those resort areas show dramatic appreciation in residential units, as you would expect, once the land market shrinks in inventory. Page 9- shows a county wide appreciation of 24.5% Pages 11/12- Appreciation in different parts of the county and with different property types. Most of the rest of the presentation are pictures and prices of sales. Take a look- http://www.co.summit.co.us/Assessor/bevs_presentation/2009%20county%20assessors%20report%20on%20property%20value.pdf Our current situation is that Summit is lacking Buyers. The inventory prices are softening but have not dropped considerably as a whole. If we reach "build-out" and prices increase like they have in Pitkin (Aspen) and Eagle (Vail) counties, we could be having the small calm before the storm. Average Single Family Home values Pitkin 5,025,843 Eagle 1,387,844 Summit 800,914 | 
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