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 […]
Rumors of Softening? – July Real Estate Stats
Montrose Market The Montrose real estate market is still as hot as the scorching heatwave experienced over the last 4 weeks. With that said, this month’s numbers are showing a slight decline in price activity in the lower and middle price brackets. The list-to-sale price for the month of May was 105% of asking price. […]
Will Competitive Prices Edge Out Preapproved Buyers? – June Real Estate Stats
Montrose Market The Montrose market continues to outshine and surpass the national real estate market. Total home sales, year-to-date, are up 32% from the same period last year. What’s even more astounding is the luxury market’s performance with an increase of 300% YTD in the number of homes sold over $500K. The entire Montrose market […]