Is Costco Coming to Montrose? – January Real Estate Stats
Montrose Market – Year-End Recap for 2021 The Montrose real estate market has experienced its best year since the mid-2000s. Overall, 2021 was just a continuation of summer 2020. Buyers fled coastal states and the Front Range to rural towns including Western Colorado. Montrose just happens to be a prime destination for those looking […]
Super-Size Me? – December Real Estate Stats
Montrose Market The Montrose market is still robust heading into the holiday season. Active listings are now heading downward from their September peak. Active inventory totals have decreased 47% from the previous year. Disheartening news at face value until prices and units sold are taken into consideration. Comparing 2021 with 2020 year-to-date, home prices in […]
Will Higher Rates Flatten Housing? – November Real Estate Stats
Montrose Market Housing prices in the Montrose market are leveling off relative to the stratosphere gains seen through the summer. Prices increased a hearty 15.32% relative to the same 3-month time period last year. Keep in mind that this is a huge increase relative to the historic real estate equity gains of low single-digit percentages. […]
Are Prices Really Up 42%? – October Real Estate Stats
Montrose Market Montrose is displaying typical seasonal patterns as evidenced in the market as families head back to school and look toward the holiday season ahead. Prices and demand are still strong with the typical home going under contract within the first two weeks of being placed on the market. The median days that a […]
Will We See Multiple Offers This Fall? – September Real Estate Stats
Montrose Market The Montrose market appears to be following the traditional seasonal trends of years past heading into the cooler Autumn months. Pending sales for the month of August are in line with previous years. From January through mid-September, unit sales in 2021 YTD are up 11% from the previous 4-year average, evidence that this […]
Why Is Inventory Down, But Sales Up? – August Real Estate Stats
Montrose Market The Montrose real estate market is strong and in full summer swing. Though rumors circulate about the local and national markets slowing, the data for Montrose points to an extremely strong housing market. Total homes sold, from January 1 – July 31, are up a staggering 30% relative to the same period last […]
Rumors of Softening? – July Real Estate Stats
Montrose Market The Montrose real estate market is still as hot as the scorching heatwave experienced over the last 4 weeks. With that said, this month’s numbers are showing a slight decline in price activity in the lower and middle price brackets. The list-to-sale price for the month of May was 105% of asking price. […]
Will Competitive Prices Edge Out Preapproved Buyers? – June Real Estate Stats
Montrose Market The Montrose market continues to outshine and surpass the national real estate market. Total home sales, year-to-date, are up 32% from the same period last year. What’s even more astounding is the luxury market’s performance with an increase of 300% YTD in the number of homes sold over $500K. The entire Montrose market […]