Will Luxury Home Prices Crater? – June Real Estate Stats
Montrose Market Market trends for the Montrose Colorado region are beginning to normalize headed into the summer selling season. Now having experienced a traditional spring, housing activity is trending into what may be a new market environment. Homes priced over $700K are now technically in a strong-buyer’s market, with inventory in this range cresting […]
Stagflation in Real Estate? – May Real Estate Stats
Montrose Market The Montrose real estate market is clearly shifting, although momentum increased last month heading into the traditional selling season. Home prices are leveling as housing inventory increases substantially over $600K. Unit sales are down 37% year-over-year, while the median sales price shot up to $489K last month. The rolling three-month average paints […]
Will Home Prices Stabilize or Tank? – April Real Estate Stats
Montrose Market The Montrose Real Estate market is finding a new trajectory this spring as the upper and lower price ranges continue to diverge. Essentially, the housing market over $500K is now becoming balanced, with an equal number of buyers and sellers. Meanwhile, there are still very few homes for sale under $500K. Consumers in […]
1st Quarter Sales Trends
Local As we come into the Second quarter of 2018 it’s clear that the trend of decreasing inventory and increasing home prices continue. The average number of homes active on the market below $300,000 has decreased by 18% from 95 to 78 from the first quarter of 2017 to the first quarter 2018. There has […]
In Colorado, It’s All About Location
Local Market We continue to see a rise in housing prices in Montrose Colorado’s residential housing market with a big jump in the median sales price. There has been a 10.8% increase in the median sales price of residential homes in the first quarter of 2018, compared to the first quarter of 2017 sitting at $210,000, […]
December 2017 – Montrose Colorado Real Estate Market Update
Fewer Foreclosures and a Strong Sellers Market – Seize the Market! Local Real Estate Indicators The local real estate market is performing at a solid pace. It is not as strong as the Mesa County or general Colorado market but population and labor force growth prohibit a large expansion of housing in Montrose. The […]
November 2017 – Montrose Colorado Real Estate Market Update
Bidding Wars Make Their Way to the Western Slope 2017 has been quite the year for real estate in Montrose Colorado. Bidding wars finally made their way to the Western Slope from the Colorado Front Range; the Atha Team experienced an abundance of bidding wars on homes that were listed by Sellers working with the […]
October 2017 – Montrose Colorado Real Estate Market Update
Market Update As the Montrose real estate market eases into the fall season, inventory continues to present an uphill battle for buyers. During the same period last year, the active inventory consisted of 306 homes. This year, the inventory of active homes for sale is down 20% with only 246 homes available for purchase. Over […]
How Do Neighbors Affect Your Montrose CO Home Value?
How Do Neighbors Affect Your Home’s Value? When you’re working hard to get your house on the Montrose CO real estate market, you’re well aware of the importance of curb appeal. Making your house look its best from the street by tidying up the yard and making sure that everything is in good repair is […]
July 2017 – Montrose Colorado Real Estate Market Update
High Octane Summer The Montrose Colorado Real Estate market is still running on all cylinders this summer as housing inventory shortages prove to be the prevailing headwind for 2017. The median sale price in Montrose for last month was $216,000. The number of units sold was up 15% from the same time last year while […]