2017 Year End Real Estate Information Cedaredge Delta County Colorado

By
Real Estate Agent with Cedaredge Land Company

I know 2017 was a busy year for those in real estate. I was busy and so far this year is starting off well, too. So just how good was the last year's real estate market? Let's take a look at the statistics. 

Overall sales were up in the total dollar volume and sales numbers. The total number of sales increased 17% over 2016. 

2017 Year End Real Estate Information Cedaredge Delta County ColoradoTotal sales throughout Delta County:

1073 in 2017

914 in 2016

These numbers includes all segments of the market...farm/ranch, land, mountain property, residential and commercial. 

Dollar volume:

$195 million in 2017

$172 million in 2016

That's a 13% increase.

Last year there were 13 sales over $1 million. The largest sale was a ranch property in Eckert, CO at $4.8 million. 

In 2016 there were 10 sales over $1 million dollars. 

The high end sales made up $29 million of the total sales volume in 2017. 

2017 Year End Real Estate Information Cedaredge Delta County ColoradoForeclosure information:

If you are waiting to get a deal on a foreclosed house, you might have to wait a while. Overall the number of foreclosure filings and completed foreclosures were down.

Here's a look at the foreclosure statistics:

The number of filings were down 14% in 2017. There were 101 in 2016 and 87 filings in 2017. 

The number of completed foreclosures is also down. There were 44 in 2017 and 66 in 2016. 

What's in store for 2018?

I think we will continue to see prices go up in all segments of the market. The residential inventory is very low, and this will continue to drive up home prices. If you want to sell your house...NOW is a great time to do that. Land sales are still lagging behind, but they have picked up as well. 

For more Cedaredge and Delta County real estate information, don't hesitate to contact me. I look forward to hearing from you. 

**This real estate information comes from statistic provided by Heritage Title Company. 

 

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Ambassador
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Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Nice to see you back ! Great report Debbie Laity on Delta County  Co.

Jan 29, 2018 12:35 PM #1
Rainmaker
1,434,944
Yolanda Cordova-Gilbert
Richmond, TX

The time to buy in Houston is now because although the market is flat it will continue to have price increases due to Harvey remodels the contractors get paid more for that to compete builders have to pay more therefore increase costs!

Jan 29, 2018 02:00 PM #2
Rainmaker
562,122
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Excellent report, Debbie Laity . Sellers should get in touch with you to find out what their home is worth and, of course, list with you in 2018.

Jan 29, 2018 04:08 PM #3
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Foreclosures are down everywhere so not surprised that you too have seen a dip. I am also surprised at how many million dollar sales in your area. I will be wishing some of those million dollar deals to come your way, Debbie.

Jan 29, 2018 05:59 PM #4
Rainmaker
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debbie Laity  for a second I misread your post, actually I almost choked on my wine... when I saw $195 million volume I thought that was yours:)) I was ready to call you and ask how you did it with a broken foot and all:)Endre

Jan 29, 2018 10:09 PM #5
Rainmaker
4,799,256
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Debbie.  Thanks for the information and update about the Cedaredge real estate market in Delta County Colorado.

 

Jan 30, 2018 05:30 AM #6
Rainmaker
4,433,283
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Jan 30, 2018 06:05 AM #7
Rainmaker
6,208,647
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate market reports.

Jan 30, 2018 07:04 AM #8
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good morning Debbie. Sounds like an excellent real estate market in your area. Glad you're kicking off the new year busy!  

Jan 31, 2018 03:25 AM #9
Ambassador
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Thank you, Hannah. It's good to be back. 

Jan 31, 2018 03:42 PM #10
Ambassador
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

That's very interesting, Yolanda. Thanks for sharing some of what's happening in your local area. 

Jan 31, 2018 03:43 PM #11
Ambassador
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

The more listings the better, Hella. That's the name of the game in my market right now...more than ever...get those listings. 

Jan 31, 2018 03:44 PM #12
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I'm hoping for some of those million dollar sales, too, Debbie R. Keep sending positive energy my way for that. I will do the same for you. Thanks for stopping by. 

Jan 31, 2018 03:44 PM #13
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I'm smiling, Endre Barath, Jr. . I wish I had 195 million in sales volume. I would probably have to clone myself at least twice to get that done, though. 

Jan 31, 2018 03:45 PM #14
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

You bet, Gabe. I'm always willing to share market information. Thanks for stopping by. 

Jan 31, 2018 03:46 PM #15
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Thank you, Gita, and thanks for stopping by. 

Jan 31, 2018 03:46 PM #16
Ambassador
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

That's why I do it, Roy. I want to have this information out there in cyber space for all of those who want and need it. 

Jan 31, 2018 03:46 PM #17
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hey, John McCormack ....like you I've taken a break from AR. Haven't been around since last March. It's good to hear from you. 

Jan 31, 2018 03:47 PM #18
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