Here’s a quick and easy to digest update on our local real estate scene.
Real estate trends in Montezuma County continue to trend in a positive direction.
Here are some quick stats.
Per CREN (Colorado Real Estate Network), the current data indicates a 15% increase in the YTD total amount of homes sold vs the same time period in 2014.
Since January in-town sold data shows a total of 110 homes sold in Cortez, 25 in Mancos, and 9 homes sold in Dolores.
Rural properties continue to sell well in the sub-300k category with particularly high demand for homes with irrigation.
On the downside- there are a number of less than positive national real estate headlines lately indicating a slight decline or stalling in the market. Most reports suggest that this is largely driven by a lack of inventory.
Given the above numbers, you can see how that could be true!
So- now can be a great time to list!!
If you’re considering a move or looking to sell anytime soon- please contact me for a free custom market analysis of your homes value.
Personally, I continue to be super grateful for a chance to live and work in this community. Thanks so much for all of your support now and in the future!