MONTROSE, DELTA & OURAY COUNTIES - COLORADO - REAL ESTATE
Return to Fundamentals as Market Remains Active
2024 culminated with Montrose County dollar volume decreasing 10% from 2023 while unit sales slipped 13%. This data indicates that prices have remained strong despite headwinds that include higher interest rates and a presidential election cycle that generally reduces sales. The lower residential sales can be primarily attributed to the interest rate environment combined with higher prices. Rates have kept those who currently have lower mortgage rates from making a move and new entrants into the market from purchasing their first home.
The new year should afford home buyers an interest rate reprieve (economists expect rates to settle in the low 6% - below historic norms) and buyers will be greeted with more inventory (already up 7% from the start of 2024) which should help normalize appreciation rates in some areas and create a favorable environment for buyers.
We are returning to a more predictable, cyclical market where inventory and sales are adjusting to pre-pandemic levels and timing. What is important to remember is that our dynamic market is unique, and a macro-view does not speak for every unique market.
Let’s connect and discuss your 2025 real estate goals. I would be happy to present in-depth information about your property or area of interest. Until then, have a great start to the New Year!
Statistics are provided by the Colorado Real Estate Network and calculated by area. Call me for information on statistics that are specific to your neighborhood. I also have monthly and quarterly market trend reports that I can schedule you to receive so please let me know if you have an interest in receiving this type of information monthly.
LOCAL EVENTS
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January - April
The Montrose Farmers Market is a year-round, outdoor market in beautiful downtown Montrose, Colorado! Enjoy the abundance of fresh, local food and artisan crafts from the Western Slope. Live music, kids activities, and events all year round!
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January 17th-19th & 24th-25th
Based on a true story, The Tin Woman by Sean Grennan, uses humor and pathos to explore loss, family, and what it means to be given new life. Directed by Merrilee F. Robertson, Assistant Director Stasia Allyn
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January 23rd-26th
The annual Ouray Ice Festival, which is the largest fundraising event of the year, spans three days and four nights every January, transforming the town of Ouray into an ice climbing mecca with people from around the world gathering to celebrate the sport of ice climbing.
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January 31st - February 1st
The Friends of the Crawford Library present the 2025 Cabin Fever Book Sale. There will be books of all types, including adult fiction, non-fiction, children’s books, and teen fiction. Refreshments will also be available.
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February 15th
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March 14th - 16th
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April 26th
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May 3rd
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June 7th
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July 18th-26th
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Our Annual Homeowner Report provides you with an accurate estimated value of your property based on current market trends. As a real estate professional, I am committed to making your real estate journey as seamless and rewarding as possible. Being part of Berkshire Hathaway HomeServices Colorado Properties means I have access to best-in-class tools, market data, and resources, ensuring you have everything you need to make informed and confident decisions.
