Below are the residential statistics from our regional MLS for Montrose County, Colorado. Consistent with national statistics, sales activity and home values are up over last year. We are still seeing a fair amount of foreclosures and short sales hitting the market, and expect more throughout 2013, which could affect home values as the year progresses. In general, however, it seems buyer confidence and activity is up. In fact, my problem since 4th quarter last year is finding enough inventory for my buyers. Although many sellers have taken their homes off the market for the winter, or are waiting to list until late spring or summer, they might want to reconsider. I’ll be posting more on that later. In the meantime, here are the stats to kick off 2013:
2011
Total Quantity Sold: 407
Median Sale Price: $138,000
2012
Total Quantity Sold: 604
Median Sale Price: $144,950
January 2013 MTD (as of 1/27/13)
Total Sales: 19
Median Sale Price: $128,750
Average Days on Market: 157
Average % of Asking to Sold Price: 97%
Total Active Listings: 497
Total Under Contract: 75
Median Asking Price: $198,000
Average Days on Market: 160
If you are thinking of selling but not sure if it’s the right time for you, please contact me for a FREE market evaluation and consultation.
Ninah Hunter
(970) 318-0064
Ninah@NinahHunter.com
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