April 1, 2009

The Cost of Real Estate in the West

Take a look at how the average price of a single-family home, condominium, and parcel of land compares in mountain towns across the West:

Aspen, CO
Single Family: $ 5,312,281
Condos: $ 1,528,101
Land: $ 1,638,750

Telluride, CO
Single Family: $ 2,035,000
Condos: $ 1,239,521
Land: $ 1,479,375

Teton, WY
Single Family: $ 2,120,725
Condos: $ 887,438
Land: $ 1,493,518

Vail, CO
Single Family: $ 1,689,464
Condos: $ 1,502,810
Land: $ 457,187

Park City, UT
Single Family: $ 1,203,259
Condos: $ 875,998
Land: $ 940,267

Sun Valley, ID
Single Family: $ 1,183,070
Condos: $ 735,942
Land: $ 504,194

Steamboat, CO
Single Family: $ 838,409
Condos: $ 446,090
Land: $ 427,749

Durango, CO
Single Family: $ 379,640
Condos: $ 255,163
Land: $ 237,500

Source: Data reflects first-quarter 2008 sales; courtesy of Rocky Mountain Resort Alliance and the Durango Area Association of Realtors