Montrose Has Been Discovered! – April Real Estate Stats
Montrose Market The Montrose Colorado real estate market is strong. There is still a steady in-flux of buyers from the Front Range and out-of-state. Local title companies and brokers can attest to this steady stream of active buyers. Currently, out of the 188 homes active on the market, only 56 are priced under $300K. To […]
Will Mortgage Rates Increase Buyer Interest? – March Real Estate Stats
Montrose Market Coming to an end of the first quarter of 2019, we are continuing to see a slow down in inventory which brings the inevitable price increase. Compared to March of 2018, we have only seen an increase of approximately 3.04% from $246,300 to $254,000 in median home prices. The most drastic issue we […]
Slow Down in the Real Estate Market? – February Real Estate Stats
Montrose Market For months now we have been hearing that we are expected to have a slowdown in the local market. This could cause prices to lower and buyers to get a more level playing field with sellers. Has this finally come? Aldo Svaldi with the Denver Post states that “the decline in median home […]
Cinderella Homes – Do Neighborhoods Affect Montrose Co Real Estate Values?
The idea of progression must be considered to properly answer this urban legend. Progression is, “An appraisal principle that states that, between dissimilar properties, the value of the lessor quality property is favorably affected by the presence of the better-quality property.” In other words, the appearance, value, and desirability of the surrounding neighborhood can and […]
Tom Cruise’s Telluride Listing to Up Montrose Co Real Estate Values?
With the recent listing of Tom Cruise’s luxury Telluride property for $59 million, one might ask, “how will this affect the value of Montrose Colorado Real Estate?” This is a good question to ask considering this house is rumored to be the most expensive piece of real estate ever listed in Colorado real estate history. […]