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Real estate transactions holding steady, but dollar volume dropping

While one measure of real estate activity in Mesa County holds steady, another measure continues to decline.

According to figures compiled by Annette Miller, senior vice president of Heritage Title Co. in Grand Junction, 235 real estate transactions worth a combined $48.32 million were reported in Mesa County during July.

The number of transactions was up more than 6 percent from the 221 sales reported in July 2010. But the collective dollar volume was down more than 13 percent from the $55.6 million reported last year.

Those numbers don’t include transactions involving 40 government-owned properties in July 2011 for which sales prices weren’t disclosed on recorded deeds. Fourteen such properties were sold in July 2010.

Year to date, 1,518 real estate transactions worth a collective $318.62 million were reported in Mesa County.

The number of transactions nearly matches the 1,516 sales reported during the same span in 2010. But the dollar volume was down more than 11 percent from the $359.7 million reported during the first seven months of 2010.

Phil Castle is editor of the Grand Valley Business Times, a twice-monthly business journal published in Grand Junction. Castle brings to his duties nearly 30 years of experience in editorial management positions with Western Colorado newspapers. In addition, his free-lance work has appeared in a variety of publications, including the Washington Post. He holds a bachelor's degree in technical journalism from Colorado State University.
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