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Farmington Ranks #10 in Nation
County real estate market makes U.S. top 10: Home sales prices jump 8.1 percent
By Cornelia de Bruin The Daily Times
Article Launched: 01/01/2008 12:00:00 AM MST
SAN JUAN COUNTY - If being spotlighted on NBC's "Today Show" was not a big enough deal, the Farmington and San Juan County real estate market was highlighted Monday by the National Association of Realtors as one of the top 10 fastest-growing places in the country.
The news comes on the heels of a U.S. Commerce Department report released Dec. 28 that showed U.S. new-home sales dipped 9 percent. "We are basing our local market information on the third-quarter metro home price report that showed Farmington with an 8.1 percent increase in the existing home sales price from third-quarter to third-quarter," wrote Liz Giovaniello, a spokeswoman for the association.
Giovaniello notified The Daily Times of the impending news, which was embargoed for release until 10 a.m. Eastern time Monday. The local market ranked No. 10 on the national list of 150 metro areas for home sales price gains. Bismarck, N.D., came in No. 1 at a 15.1 percent increase, followed by Salt Lake City at 14.1 percent.
"Since this report literally can move the stock ... more
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