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Show I May 200 24-3- 0. The - Tlmes-lndepende- Extral nt Pjge8 Real estate prices increase on West ern Slope while number of sales dips for an can from The Daily Sentinel Although the number of real estate sales in Mesa County, Colorado dipped by 7.4 percent in the first quarter of 2001 compared to the same period last year, the price of property sold increased, said Bob Reece of American First Title Co. During the first three months last year, 1,109 properties sold in Mesa County. This year, 1,027 sold in the first quarter of the year. At the same time, the value of property sold increased by about 6 percent, Reece said. Despite the numbers, Realtor Tina Harbin's business hasnt let up. Im about where I was last year," with 20 to 25 sales in the first quarter of the year, Harbin said. Its moving. I love it. homes and new Buyers want higher-enhomes, said Harbin. New construction continues to be hot Harbin said. A lot of buyers I'm working with are requesting properties built since 1990. Those are the homes that sell the fastest. Sales of homes valued at $100,000 and above have increased 16 percent this quarter over the same time period last year, Reece said. But for those under d $100,000, we saw a 27 percent decline, he added. This tells me there are probably fewer lot sales going on, and that might be foretelling a decline in available residential lots. Jf thats true, the number of building permits will also dip. For the first quarter this year, the county issued 309 building permits, compared with 303 lest year. Of this years building permits, 127 are for single-familhomes. Thats a good eign." Reece said. People are certainly not For Sale decline in building permits, Reece said. Home prices continue to increase, Reece and Harbin agreed. If the properties that were for sale six months to a year or so ago come back on the market, theyre coming on at a higher price," Harbin said. That applies mostly to newer homes. The price tags for homes have not risen as quickly, she said. With interest rates dropping, more people have been borrowing money, Reece said. The lending activity is up r cent. Theyre not historically low rates for the past 10 years, but they are close to it," Reece said. Owner by Home for Sale by Owner 4 PICTURESQUE AND PRIVATE 2'12 ACRES IN RED ROCKS Trilevel, bedroom, bath. Beautiful solid oak kitchen, family room, laundry room,, patio, large 12 JUNIPERS ABOVE COLF COURSE. 3 BED, 2 BATH, OPEN FLOOR PLAN, CATHEDRAL CEILINCS, shed, fruit trees &. garden area. Excellent location. 8 $116,500 Call or stop by 839 Mt. View, Moab, Utah. WELL, SHOP, MANY PRIVATE AMENITIES, NEW IN in- go terest rate of 7.125 percent, while for a mortgage, the rate is 6 875 per- One of the area's most y afraid to continue building, because people are buying them." if builders have a difficult time finding vacant lots, then well start to see a small A 30 year mortgage tially this quarter over last year, Reece said. The market actually feels pretty healthy. If theyre not borrowing money for a new purchase, people are refinancing the ir current homes, taking advantage of lower interest rates, Reece said. 1998. 259-838- pre-199- 0 $350,000 Call to see, 259-619- ' :;1 6 " lismo, nr.: 4 - V 4 . ,bv 5 C- horn, 6 H-- t.J sCaU y$49S,000i V A j 5'1 'm P -- u ... tsftKpQsB o ' il, - J) v CfiiJ, ... v - CSS 4U3 .4 S. Beeman Road 4 bedrooms, 2.5 baths acre; large game toorri w.Avood sti (Vi v Central 7 gas replace on main tevefi . jandscap-edsprinkler vstem, rnature fruit tnpesl sp2t fftveS ny ? ac , L Sheds & Barns Buui Your Own! 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