Will New Construction Save the Day? – March Real Estate Stats
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
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
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 […]
Why Was August the Best Month in the last 10 Years? – September Real Estate Stats
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
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 […]