Will the Trend Continue? – November Real Estate Stats
Montrose Market Everyone is asking the same question, how much longer will we continue to see an increase of median sales prices in Montrose? The market is up an approximate 11.4% since this time last year. Many people say there has been a shortage of inventory but we have actually seen an increase of about […]
What is Causing the Major Shift in Real Estate Sales? – September Real Estate Stats
Montrose Market The overall Montrose market remained relatively flat in homes sales for the month of August. Increases were seen in the luxury price range ($500-$800) from January through August, up 8 from last year with a few sales in August. A major shift occurred this year in the $400-500 price range with a 55% […]
What is causing the Jump in the High End Market? – July Real Estate Stats
Montrose Market The Montrose Colorado real estate market, along with the summer weather, has been unpredictably hot. The market under $300K has experienced an averaged 41% decline in available inventory over the previous 5.75 months of 2018, compared with the same period last year. Interestingly enough, total sales volume in Montrose Colorado is up 5.9% […]
June 2018 – Montrose Colorado Real Estate Market Update
Montrose Colorado As home prices continue to trend upward, the number of properties selling remained relatively flat in June. In relation to June of last year, the Montrose real estate market experienced a 15% gain in sale prices. Absorption/saturation rates have increased in the $400-500K price range as more properties have entered the market for […]
May 2018 – Montrose Colorado Real Estate Market Update
What’s the New Housing Inventory Outlook? New construction is the new inventory as residential housing prices jump at a neck-breaking pace and inventory levels deplete. Developers are finishing-out once stunted subdivisions of the last real estate boom off West Main and North of Montrose, adding new and upcoming lot inventory for builders. Total inventory of […]
1st Quarter Sales Trends
Local As we come into the Second quarter of 2018 it’s clear that the trend of decreasing inventory and increasing home prices continue. The average number of homes active on the market below $300,000 has decreased by 18% from 95 to 78 from the first quarter of 2017 to the first quarter 2018. There has […]
In Colorado, It’s All About Location
Local Market We continue to see a rise in housing prices in Montrose Colorado’s residential housing market with a big jump in the median sales price. There has been a 10.8% increase in the median sales price of residential homes in the first quarter of 2018, compared to the first quarter of 2017 sitting at $210,000, […]
6 Ways to Get Ready to Sell Your Home
When it’s time to sell your home, you need to be as prepared as possible. That means finding the right real estate agent, but there’s much more to the issue than that. You also need to get the house itself ready, and make sure you’re prepared for what buyers may ask for as you move […]
Will Local Real Estate Rise or Fall? – February Real Estate Stats
Local Market Montrose Colorado’s residential housing market experienced relatively high numbers for January sales. Homes sold for almost 29% more in January 2018 than in January 2017 and we saw 13% more sales last month than a year ago. Are these numbers ramping up due to the unseasonably high temperatures or is it a result […]
What Happened in 2017? – Recap of the Montrose Housing Market
2017 Recap of the Montrose Housing Market The Montrose Colorado real estate market held par with the previous 4 years of growth through 2017. The market experienced price gains of approximately 7% over the calendar year, keeping up with the previous annual gains of 7%, median year-over-year, since 2012. In total, 742 homes sold in […]