|
REAL ESTATE - MONTROSE, OURAY, & DELTA COUNTIES
|
Market Resiliency as Inventory Rises
Available homes, pending sales and dollar volume are all higher than a year ago at this time, demonstrating a resiliency in the market despite stubbornly elevated mortgage rates. This activity is a clear indication of high demand for homes across the valley and buyers understanding that while perceived "high", mortgage rates are in a window of normalcy and still below historic average rates.
Resort activity continues to help buoy overall dollar volume and we are experiencing many owners/sellers not leaving the valley but hoping to find larger, newer, and different homes and locations in the resorts. The fall months, while quieter, present good opportunities for sellers who likely have less competition than the summer months and buyers experience less competition for coveted homes and a chance to purchase before the winter season commences.
In the local market, owners holding low interest rates and buyers subject to prices and current rates are creating some stagnation in the market. There is a new block of "shadow inventory" where we know owners holding low rates want to sell but are reluctant to make a move until rates come down to a level that creates more inventory. In fact, despite the headlines of "low inventory", across all areas and price points there are many more owners interested in selling than on the market. So, while not formally on the market, don't let the perception that there is "nothing available" deter your home ownership interest here in the valley. We have great tools, resources, and extensive databases to help uncover opportunities not readily available to the public. Contact me today to learn more, discuss the market in general, or learn what your property value is in today's market.
Market data from the Montrose, Delta, Ouray MLS. All statistics are deemed reliable but not guaranteed and BHHS may not have participated in each reported sale. Please contact me for statistics in your specific neighborhood. I have some great reports I can share with you about your neighborhood or one that you are interested in.
|
|
|
| September 14th |
September 23rd |
| BeaconFest returns to Montrose Pavilion with Free Admission, Live Music, Savory Food, Local Resources and BIG Giveaways! We also celebrate local volunteers for their contributions to community organizations during the Volunteer of the Year ceremony and will reveal this year's winner. The best way to explore this senior-focused festival is to come and see it for yourself! |
Southwest Fresh Fest will showcase all fresh-hopped beers made at breweries across the Four Corners region and beyond. Shake your booty to live bluegrass tunes to a backdrop of the San Juan Mountain Range. Tour the hop farm, enjoy eats from one of the local food trucks on-site, and take a crack at some yard games. |
|
|
|
| September 24th |
October 7th |
| Come and DANCE with us! Funky house music starts at 7PM and goes until 11PM. No cover. Qutori Wine, local hand crafted cider will be available. For reserved seats and bottle service please email rootandvinemarket@gmail.com. Hope to see ya on the dance floor! |
A Festivus of beer, wine, cider and spirit tasting! San Juan Barrel Fest is a fundraiser for the Sherbino worthy of a cheers! Barrel brewers and vintners from the Western Colorado Region gather to share a cask or barrel of something special at this event. Each maker will either create a special brew or wine- some with inventive ingredients, others in a more traditional style for sampling at the event. The San Juan Barrel Fest includes live music too! |
