Is Our Small Town Growing Into a Major Metro? – April Real Estate Stats
Montrose Market The Montrose real estate market has officially evolved into a Denver-style market. Multiple-offer situations, which are old news, have been occurring since 2015. What’s making the local market look like a metro, are the multiple-offer situations now occurring in the high-end luxury market. What’s even more eye-opening is the number of buyers who […]
Will Strong Buyer Demand Continue Into Spring? – March Real Estate Stats
Montrose Market Steady and strong demand for Montrose housing is setting the precedence for another strong year ahead. Residential home sales are up 17% over the last 3 months, while price gains are still up a whopping 20% compared to the same time last year. Building permits in the City of Montrose are up 44% […]
Where Do We Go From Here? – February Real Estate Stats
Montrose Market The Montrose Colorado real estate market is traditionally unhurried during the winter months of January and February. This year is different. Since the beginning of the year, buyer activity has been solid with a continuation of momentum from last fall. The number of sales is 26.5% higher than in January of 2020. Housing […]
Feds, Fear, and Freedom – 2020 in Review – January Real Estate Stats
Montrose Market Looking back and comparing 2020 with 2019, we can see some very remarkable trends in the housing market. The 3-month housing price trend for the Montrose market has realized an astonishing 20.2% spike. But, comparing the 12-month year-over-year trends provides a broader view of the market’s activity beyond last quarter’s market exuberance. Housing […]
Baby It’s Warm Outside? – December Real Estate Stats
Montrose Market The Montrose real estate market is still quite warm, reaching its highest median sales price on record, topping out at $354,900 for the month of November. The 3-month rolling median sales price is 16.44% higher than the previous year, highlighting just how competitive the market still is going into the holiday season. Looking […]
Will This Market Continue Into 2021? – November Real Estate Stats
Montrose Market The Montrose Colorado real estate market continues to surpass last year’s performance, supported by record high median sale prices and drastically low inventory levels. The median sales price over the last three months has increased 12% from the same time period last year, giving evidence of just how aggressive the local housing market […]
Mountain West Real Estate Revival? – October Real Estate Stats
Montrose Market The Montrose Colorado Real Estate market has sustained strong momentum into September, evidenced by a record number of home sales and price increases. The 68% upsurge in home sales is undeniably telling of just how heated the local real estate market has become as more out-of-town buyers enter the local market. The median […]
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 […]
Has Real Estate Recovered from Lockdown? – July Real Estate Stats
Montrose Market The Montrose real estate market is recouping from the doldrums of April’s Shelter-In-Place Mandate. New listings are down 18.4% from last year while new pending/under contract sales are up 21.8%; the recent pending sales data is extremely encouraging. Local market strength can also be evidenced in the 98% average sales to list price. […]