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April 2016 Montrose CO Real Estate Stats – Sales & Available Foreclosures

April 2016 Montrose CO Real Estate Stats – Sales & Available Foreclosures

Montrose CO Real EstateThe April 2016 Montrose Co real estate market experienced an ever-tightening inventory in the lower and middle price ranges while the higher-end real estate market remained soft. The National market, as well as the local Montrose Co real estate market is undergoing what’s considered “a two market syndrome” (Housing Market Takes On Split Levels).

Two Markets

This two-market condition is being felt from Montrose Colorado to Southern California and can be described as firm (homes is the higher-end price ranges) and soft (homes in the middle and lower-end price ranges) or, a Seller’s market and a Buyer’s market. Homes listed between $150,000 and $250,000 in the Montrose Co real estate market are in a Seller’s market while homes over $400,000 are moving at a much slower rate.

Three Ranges

There were 17 homes that sold under $150,000 in the month of April with a median of 49 days on the active market. In the $151,000 to $250,000 range, 33 homes sold in April with a median of 66 days on the market. A townhome in Crossroads Park closed in a mere 16 days. This rapid-fire sale activity is consistent with the median days on the market of last April.

In Montrose Colorado’s mid-range market, 12 homes sold in April with slightly higher median days on the market of 79. Homes sold in this price range were seen in the Preserve, American Village, and Cobble Creek neighborhoods to name a few. The $351,000 to $450,000 range saw a hopeful spike from March, which experienced a dismal 3 sales. The spike in April amounted to 7 homes selling with 2 out of the 7 selling in River’s Edge Subdivision.

The Higher-end and Luxury class real estate market saw 4 homes sell in April, including a phenomenal river front property selling for $850,000 with Keller Williams Colorado West Realty bringing the buyer. Sales in April of 2014 and 2015 only saw 1 property sell in this price range. This is hopeful news for the luxury class homeowner looking to sell this year.

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Copyright 2016 Keller Williams Colorado West Realty, LLC. If you have a brokerage relationship with another agency, this is not intended as a solicitation. Equal opportunity housing provider. Each office is independently owned and operated. For sale by owner data not included in research findings. Sales data reflects sales from homes not limited to the Atha Team LLC. This information was gathered from Keller Williams, The National Association of Realtor, CoreLogic data analysis firm, Montrose Association of Realtors, and the Mortgage Brokers Association. This data is considered accurate, but is not guaranteed. Copyright Atha Team LLC 2016. All Rights Reserved.

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Diana Atha

Diana Atha is a seasoned agent in the Montrose, Colorado real estate industry. She has served within the Montrose professional market since 2006 and is part of Keller Williams Colorado West Realty. Diana has extensive experience as a real estate agent and is naturally gifted in customer service. She has passed on this knowledge and mentored rising stars in the Atha Team. Diana and her team have achieved many awards serving as buyer's and seller's agents in Montrose, Ridgway and Ouray. “Top Residential Sales Team” in 2017 “Top Residential Sales Team” in 2016 “Top Listings” and “Top Producer” in 2016 “Top Residential Sales Team” in 2015 “Realtor of the Year” in 2013 Recognition for ranking 3rd in real estate sales volume in 2013 Diana has served as a volunteer in many different aspects of the community throughout her over 25 years of Montrose residency. Growing up, Diana was modeled in the discipline of servant leadership. Her father, Rick Weaver of Del-Mont Consultants and Samaritans Aviation, included Diana in many community projects serving the needy. As Diana grew older, she traveled to Kenya, Papua New Guinea, Australia, New Zealand, Hungry, Romania, and Japan to help serve others in a Christian Humanitarian context. Diana now volunteers her time at the Magic Circle Theatre, Grace Community Church, Rotary International – Montrose CO, and served on the Board of Directors for the Montrose Association of Realtors. Diana is married to Ian Atha the Listing Specialist for the Atha Team and happily resides in Montrose Colorado.

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