Will New Construction Save the Day? – March Real Estate Stats
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Montrose Market Buyers in the Montrose market continue to snatch up new homes at a rapid pace despite record low inventories and record-high prices. Supply and demand are still the fundamentals at play in this historically unprecedented housing market. Several factors are motivating buyers to buy now rather than wait. One: buyers are realizing […]
A Future Balance in the Force? – February Real Estate Stats
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Montrose Market The Montrose real estate market is still peaking with record prices and little inventory. Homes available for sale are now below the 50-unit mark for the first time. Currently, there are only 7 homes available with 3-bed, 2-bath minimum under $400K. Traditionally, the winter is slow for the Montrose real estate market, […]
Is Costco Coming to Montrose? – January Real Estate Stats
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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
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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 […]
Why Was August the Best Month in the last 10 Years? – September Real Estate Stats
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Montrose Market The Montrose real estate market experienced an unprecedented month in August, evidenced in a 55% increase in the number of homes sold relative to August of last year. A total of 94 homes sold in August, the highest number of units sold over the last 10 plus years. Stepping back for a second […]
Has the Montrose Market Fully Recovered? – August Real Estate Stats
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Montrose Market The Montrose real estate market has recovered well and is a strong driver in the mixed-bag economy of 2020. Predicting what the future holds for our local market has been paralleled to driving in coastal fog with only a few feet of visibility. What can be observed currently though, is a strong and […]