What is the Future of Luxury Real Estate in Montrose? – March Real Estate Stats
Montrose Market For the 2nd month in a row, unit sales in Montrose are down in the neighborhood of 40%. We are beginning to see some interesting deviations happening in specific price ranges in Montrose as well, which resemble pre-pandemic levels. Price ranges between $600k and $800k are increasing in supply rapidly, up to […]
Is It Really All About the Rates? – February Real Estate Stats
Montrose Market The real estate market is experiencing a typical winter with cool sales and lower inventory levels. Colorado Front Range buyers are avoiding the winter passes while local residents wait for spring to list. Buyers are adjusting their expectations in the new rate environment even though monthly payments are significantly higher than 12 […]
How Did Safer at Home Affect Real Estate? – June Real Estate Stats
Montrose Market Although we are starting to see rules lifted in regards to “Safer at Home,” May shares a similar real estate story as April. The number of homes sold in May has dropped drastically relative to May the year prior with a 47% decrease. Average days on market and list-to-sold prices remain strong with […]
How Did the Lockdown Affect Real Estate? – May Real Estate Stats
Montrose Market During the month of April, the local real estate market was at a near-standstill due to the Shelter in Place Order. Real estate was eventually determined an “essential business” during the Shelter in Place Order for the month of April, but only to service pending sales. As a result, the Montrose real estate […]
What are the Effects on the Local Real Estate Market? – April Real Estate Stats
Montrose Market The Montrose real estate market is slowing as the current effects surrounding the COVID19 epidemic impact our local community. Although the real estate industry is considered a critical business by the State of Colorado, the shelter-in-place mandate is being taken seriously by agents, home buyers, and home sellers. This has led to the […]
Corona March Re-Fi Madness – March Real Estate Stats
Montrose Market Despite the flurry of activity in the stock market and international news, buying and selling in Montrose continues to show no signs of slow-down. Spring traditionally tends to yield a surplus in new listings, and we are beginning to see an increase in properties hitting the market. However, total inventory across all price […]
Will Montrose Still Follow Denver? – January Real Estate Stats
Montrose Market The Montrose real estate market has slowed from the fall selling season, although there is still strong momentum headed into 2020. While the number of units sold is relatively the same as compared with the 2018/19 winter, there appears to be pent-up demand on the buyer’s side, as reflected in the low months […]
What Happened In 2019? – Annual Montrose Market Recap
Montrose Market Looking back at 2019, we can see that the Montrose real estate market experienced another impressive year. The market is now in a leveling trend, evidenced by the parity of homes sold in 2019 relative to 2018. The median sales price of homes sold in Montrose increased 5.2% in 2019, compared with a […]
Will Supply Continue to Affect Housing Prices? – November Real Estate Stats
Montrose Market As we come to the end of the year, it is unique to see a market still so hot during the holiday season. This may be because the beautiful Montrose sun is keeping buyers out and about in mid-December, or the fact that inventory is still low. Either way, the market is not […]
Will This Robust Local Market Continue? – October Real Estate Stats
Montrose Market Observing market trends over the late-summer and early-fall of this year, with comparison to last year, it appears that the Montrose Real Estate market is running red hot. Full calendar year comparisons will provide a more complete reading, but as of the previous 3-months, the Montrose market looks very strong. This robust market […]