Buying a cabin or lot on Grand Mesa is a bit different than you might think. The Grand Mesa Resort Company owns the lots, and real estate is transferred via a stock certificate. So the buyer is actually buying stock in the resort company. This may sound very complicated, but that's only because it's different than a traditional sale. The process is really quite simple, and it's done each time a lot or cabin changes ownership.
Each month I do a real estate market up date on the lots and cabins that are available on the mesa. We haven't seen much change in the market since last month's report.
Sales have been slow again this year. Two cabins sold in all of 2015 and so far this year, three cabins have sold.- At this time there are seven active listings. Prices start off at $175,000 and go up to $329,000. The average list price is $244,071 and the median list price is $229,000.
- Sold prices start at $145,000 and go up to $190,000. The average sold price is $171,633 and the median sold price is $179,900.
- One lot sold this year for the full asking price of $45,000. Right now there are seven lots on the market, and one of them is under contract pending a sale.
- The average lot list price is $59,427, and the median list price is $59,995.
There are many things to consider when looking at pricing. Does the property have a well, or does the tap water come from one of the small domestic water companies that service the area? This could make a difference in which property is right for you, if you are planning on using the cabin during the winter months.
There are a few other things that need to be considered when looking at properties on Grand Mesa. To get all of your questions answered, use a local real estate professional that knows the area and what needs to be done.
I can help you with that. 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 any real estate information for Montrose County, or Delta County, Colorado...please give me a call.
*This information comes from CREN (Colorado Real Estate Network). Not all homes are listed and sold by the broker writing this report. This report is intended to show market trends.
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