Bad Floor Plans in Real Estate

In real estate, the floor plan can make or break your home’s value to potential buyers. We have seen time and time again where a house with an unusual floor plan will sit on the market significantly longer than a home with a typical layout. While the layout may make sense to you and fit […]

How to Avoid Costly Mistakes as a First-Time Home Buyer

For anyone who’s a first-time home buyer, there can be a lot of things to think about. One of those is financial, of course, but there’s more to the equation than just whether you’re getting a good price for the house you’re buying. There are mental and emotional stressors that come along with buying a […]

Will Montrose Follow the National Uptick in Sales? – September Real Estate Stats

Montrose Market The Montrose market decelerated overall in the month of September, evidenced by the number of home sales sinking by 27% from August. Days on market and saturation rates increased, also echoing a softening in purchase activity. This reduction could be attributed to school going back in session, home-price surges, and home buyers not […]

A Shift in the Upper-End Market? – August Real Estate Stats

Montrose Market The Montrose Colorado real estate market is continuing to follow a national trend of tapering prices and diminishing inventory. The month of August experienced an 18% drop in the number of homes sold for reasons unknown. But given the steadily shrinking inventory levels throughout the previous 8 months of 2019, and the chart […]

Are Low Mortgage Rates Encouraging Buyers? – July Real Estate Stats

Montrose Market As Montrose real estate prices remain on an upward trend, local home buyers are nurturing a careful watch on the market’s trajectory. The median home sales price rose 4.86% in the last 3 months alone, from $262,500 to $275,900. As the median sale price continues to increase, the number of homes sold has […]

Market Shifting in Favor of Buyers? – June Real Estate Stats

Montrose Market We’re halfway through the year, and it feels like summer finally arrived here in Montrose. The real estate market is on a steady pace with some slight slowdowns in sales and the time homes spend on the market. Total home sales by unit were down 5.6% for the first 6-months of this year […]

Cold Spring Slows Sales – May Real Estate Stats

Montrose Market The Montrose Colorado real estate market is experiencing some interesting trends over the short term. The number of homes selling in Montrose has been flat over the past two months as values continue to increase in the middle and lower price ranges. We’ve had two months of considerable increases in the amount of […]

Should You Check Your Credit Report Before Buying A House?

When you’re thinking about buying a house there’s a lot to consider. Finances are a large part of that, but while you’re focused on whether you have a down payment and how much the house costs, you might be neglecting something very important. You also need to check your credit report. Even if you’re never […]

August 2017 – Montrose Colorado Real Estate Market Update

Montrose Real Estate Market 2013-2017 Historical Recap The Montrose Colorado real estate market has proven resilient with sustained growth trends over the last four years, not only in the number of home sold, but also in home value gains. Homeowners, once underwater in mortgages acquired during last housing peak, have been able to sell at […]