Cedaredge Estates is an affordable neighborhood near the downtown area. Real estate sales are slow in this neighborhood, because there aren't a lot of properties that have been on the market. This is one of those neighborhoods that really has a lot to offer. Most of the lots are larger, and there's no thru traffic. One side of the neighborhood backs up to Surface Creek, and another side backs up to open space for a nice view.
There have been some changes since last month's real estate market report.
This information comes from the local MLS.
One new home has come on the market. Another listing is pending a sale, and there's a smaller, two bedroom home on the market as well.
The average list price is $175,300 and the median list price is $194,500. The current list prices start off at $127,500 (this is a small, two bedroom home) and go up to $203,900.
Three homes have sold so far this year with an average sales price of $153,166. The median sales price shows no surprises at $153,500.
Sales activity continues to be strong as we head into the holiday season. If you are thinking of listing your Cedaredge area home....NOW is a great time to do that. Throughout the area the inventory of homes on the market is very low. Buyer activity is still high, but there aren't a lot of homes on the market.
The low inventory can also make it difficult if you are looking to buy a home in this area. I can help make your search easier. I have a property search program that basically puts the information on our MLS at your fingertips. This information is accurate and up to date. I can also arrange to have you notified when new listings come on the market. Contact me for more information.
I look forward to hearing from you.
I've lived on Colorado's Western Slope for over 26 years. I love this area and all it has to offer, and I enjoy sharing what I know about my home. As a REALTOR®, I also love to share my expertise in this area as well. If you need real estate information for Montrose County, or Delta County, Colorado...please give me a call.
**This listing information is local MLS for Delta County, CREN (Colorado Real Estate Network). Not all properties are sold or listed by the author. This information is intended to show trends in the real estate market
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