Housing prices continue upward

The national housing market may be stagnant, but housing in the mountains continues on an upward trajectory. According to a recent article in the Aspen Times, the average price for a three-bedroom home jumped, often substainally, throughout the region in 2006.

Basalt: $694,880 (up 21%)

Carbondale: $476,000 (up 4%)

Glenwood Springs: $383,932 (up 21%)

Rifle: $231,851 (up 14%)

The median income for a four person household in Garfield County was $62,300 in 2005.

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