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MESA COUNTY COLORADO REAL ESTATE MARKET UPDATE MARCH 2016

By
Real Estate Agent with RE/MAX 4000, Inc. FA100002319

MESA COUNTY COLORADO REAL ESTATE MARKET UPDATE MARCH 2016

 

March 2016 sales volume came in about 42% higher than February at a total volume of $83,343,609. This level of volume is nearly twice that of the average volume level for March sales for the years 2010 through 2015 which is showing an average volume of $44,453,663. The average residential sales price in March 2016 went up slightly to $232,115 and the March median price was down slightly to $189,900.

March sales show that 35% of transactions were cash which indicates a continuing heavy investor market. We are also seeing some fast and competitive movement in many of the price ranges. There are currently 884 active residential listings here on the Western Slope and our MLS is showing that there are another 519 residential listings that are PENDING! We need move inventory so PLEASE think of me if it’s time to put your home on the market!

Feel free to come to my next Your Home Buzz May 5 at 9:00 at Trader’s on 7th and Patterson, details below, to talk more about the market and what I can do to help you reach your goals!

 

Year to Date Volume for Current Month, $181,265,339

% Change, 20.0%

Current Month Volume, $83,343,609

Month over Month Volume Prior Year, $58,681,598

% Change, 42.03%

Average Residential Sales Price current month, $232,115

YTD Average Residential Sales Price, $227,415

Median Residential Sales Price for current month, $189,900

Median Residential Sales Price YTD, $190,950

# of transactions current month, 354

# of transactions YTD, 779

 

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.

Posted by

 

Shelly Cross

Broker Associate

RE/MAX 4000

120 W. Park Dr. #200

Grand Junction, CO  81505

(970) 985-1525 Mobile

(970) 244-9464 Fax

gjrealty@gmail.com  Email

www.ShellySellsGJ.com

 

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Comments (1)

Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Shelly Cross Thank you so much for taking the time to share this report.  Very professional and perfect for buyers and sellers alike!

 

May 05, 2016 02:35 AM