MESA COUNTY COLORADO REAL ESTATE MARKET UPDATE DECEMBER 2015
December sales just barely undercut November’s at a total volume of $82,198,645, a 22.45% increase over the sales from December of 2014! Total sales year to date of $962,634,679, as calculated December to December, which also reflects entire 2015 volume, show a 22.38% increase in 2015. The average residential sales price in December 2015 was $222,324 and the December median price was $190,000. The year to date median price dropped $50 to $194,000. See below for more details.
December sales show that 28% of purchases were cash which indicates a heavy investor market. Below is total sales volume comparison for 2014 versus 2015:
Total Sales volume:
2014 = $786,596,728
2015 = $962,634,679 (nearly twice the 2011 volume of $542,054,482)
Year to Date Volume for Current Month, $962,634,679
% Change, 22.38%
Current Month Volume, $82,198,645
Month over Month Volume Prior Year, $67,129,295
% Change, 22.38
Average Residential Sales Price current month, $190,000
YTD Average Residential Sales Price, $220,666
Median Residential Sales Price for current month, $222,324
Median Residential Sales Price YTD, $194,000
# of transactions current month, 324
# of transactions YTD, 3946
Next week I will be attending an economic meeting in Grand Junction to learn more about what the local economy experts are predicting for 2016. For more details and information about YOUR Mesa County and Grand Junction, Colorado real estate market, feel free to call me directly at (970) 985-1525.
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