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MONTROSE - COLORADO - REAL ESTATE
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Inventory and Pending Rising!
It has been a beautiful summer in our area. A stormy spring yielded an abundance of wildflowers and great fishing and river activities. Montrose Summer Music Series, the Delta, Montrose, and Ouray County Fairs and Rodeos, Ouray Mountain Air Music Series, Black Canyon Quilt Show, and farmer's markets have been summer staples and brought both locals and visitors together to enjoy the events and build community.
In real estate, positive trends have emerged in the market with active listings and pending sales both trending higher yet remain slightly lower than a year ago at this time. Market activity remains strong with new listings continuing to come to market as we approach the historic peak of inventory to start August. Despite challenges with higher interest rates, buyer demand is significant. New construction and remodeled homes are capturing buyer attention and warranting strong sale prices and continued bidding wars for new and "like new" construction.
Pricing to the market remains paramount. In all geographic areas and price points, buyers remain selective and critical of price, location, and condition. Properties that have not garnered attention because of condition still have a place in the market - but they need to be priced accordingly.
If you are interested in learning more about the value of your home or curious about a specific area, please contact me today. The market remains dynamic, and I would enjoy the opportunity to discuss your specific questions and goals.
There is much to enjoy and look forward to - wonderful August events (see below), Oktoberfest, and the annual changing of leaves and fall weather. I hope you have had an opportunity to get out and enjoy everything our area has to offer!
Market data from the Telluride 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.
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| July - August |
August 12th - 13th |
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Superheroes seek adventure, never give up, and stay calm when others are afraid. Superheroes are brave. But they aren't the only ones. Find out how the story goes on the trail at Crawford State Park, then visit the libraries during open hours for books to take home with you!
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A juried arts festival featuring just over 100 artists and craftsmen from all over the United States in a two-day show. The event also features live music both days and children's activities.
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| August 27th |
September 1st |
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Runners, walkers, strollers, and families are invited to be at the Divide Ranch and Club Clubhouse at 8AM on August 27, 2023 for the eighth annual Fun Run to benefit Ridgway High School grads in reaching their life goals. The 5k (3.1 miles) and 10k (6.2 miles) races will wind through the Divide Ranch roads offering breathtaking views of the San Juan and Cimarron ranges.
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Parking at Cerise Park, Presented By: Montrose Summer Music Series Dates: September 1, 2023
Location: Rotary Amphitheater
Price: Free to all!
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The Berkshire Hathaway HomeServices brand is the most prestigious in real estate, built on the strength and stability of Berkshire Hathaway, one of the most recognizable, respected, and trusted names in the world. The Berkshire Hathaway HomeServices network proudly represents home buyers and sellers as a brand for everyone. Elevating each part of the real estate journey and beyond, while supporting clients every step of the way.