Montrose County, CO Real Estate News

By Alan Brown, 30 Years of Real Estate Experience .
(Coldwell Banker Realty)
Take a look at Building your next Home in one of Montrose's best subdivisions. Brown Ranch  has a lot to offer for all ages. There are parks, walking trails, open spaces.  Lots range in size from 10,000 sq ft ( 1/4 acre ) to 3/4 acre.  Some lots back up to Open Space.  The larger lots have under ground irrigation water to themThe larger estate size lots require a minimum home size of 2500 sq ft. The 1/4 acre size lots require a minimum home size of 2000 sq ft. There is no time frame by when you must build. If you are not retiring for a few years and want to buy a lot now and build later you can. The lots that are owned by the developer can be purchased with the seller offering to finance the sale. he would require 20% down with other terms be negotiable, or if you prefer you may pay cas...
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By Alan Brown, 30 Years of Real Estate Experience .
(Coldwell Banker Realty)
Here is how the month of September 2019 Home Sales ended up compare to September 2018 for Montrose CO  Last month there were 54 homes that sold compared to 59 in September of 2018.   The average sales price of a home continues to rise year over year..  In Septemebr 2018 the average sold price for a home was $266,900  compared to last month Septemeber 2019  the average sales price was $284,600The average days on the market remains fairly constant  99 days a year ago to 94 days last month. Since we are now 3/4 of the way through 2019 the first 9 months overall home sale numbers is down from 594 sold for the first 9 months of 2018 compared to 567 in 2019 ..Average sales price has risen $10,000 from $274,000 in 2018 to $284,600 for the first 3 qurters of 2019..  Inventory of homes for sale ...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
The benefits of a preapproval (not prequalification) for Montrose Colorado Home Loans. Many consumers are not informed on the proper way for buying a home. No question, this is a big decision, and one that can be either immensely stressful- or immensely enjoyable- depending on how you go about the home buying process of Montrose Colorado Home Loans and the surrounding areas. The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices. This article will cover all of these.   Education   The steps necessary to purchasing a home in Montrose, Colorado starts with getting pre-approved for your home loan. Notice we did not say get prequalified- in today’s world a prequalification is not meaningful...
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By Alan Brown, 30 Years of Real Estate Experience .
(Coldwell Banker Realty)
How is the Montrose Colorado Real Estate Market compared to one year ago?Well in August 2019 there were 78 homes that sold that compares to 81 homes sold a year ago in 2018Average days on the market has dropped from 93 days in 2018 to 76 days in August 2019Average sales price has increased by $21,000 from $279,000 in Aug 2018 to $300,000 last month August 2019.Currently there are 209 homes on the market for sale which is in line with where the inventory has been since spring started. Are you looking to buy or sell a property in the Montrose area? Contact me. I have 29 years of experience lsiting and selling property in the area.  
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Special Government Home Renovation Loan Program using FHA 203k Renovation Loans in Montrose Colorado.Many people are not aware of a special government loan program that is part of the Federal Housing Administration or FHA (a department within HUD). A buyer or existing home owner can do meaningful amounts of remodeling or updates to their existing home without having a higher cost second lien thanks to this special FHA loan program.However, this loan program doesn't allow for "luxury items" in your home such as a swimming pool, hot tub, or other accessories. Although, you can repaint, replace flooring and appliances, add a room to an existing structure (which can add to value tremendously as you increase the square feet of your home) as well as remodel cabinetry in kitchens and bathrooms...
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By Alan Brown, 30 Years of Real Estate Experience .
(Coldwell Banker Realty)
 Maybe you are thinking of relocating to the this beautiful part of Southwest Colorado and you are an avid Golfer. The City of Montrose has 3 golf courses located within its bounThere is the Black Canyon   this course is owned and operated by the City of Montrose.  The 2 nines are very different from each other. The front nine was built in the 1960's and is your basic straight up and down fairways, very park like with little in the way of sand traps or water. The fairways are lined with mature trees. The back nine was built in the early 1990's and is more like a course you would see today.Homes do line the outside boundaries of the back nine but not really to the point where you have to be concerned  about hitting them except fairway 17..  Generally speaking homes do come up for sale on...
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By Alan Brown, 30 Years of Real Estate Experience .
(Coldwell Banker Realty)
Here are the Home Sales numbers for the first 5 months of 2019 compared to the same period in 2018 for Montrose Colorado In 2018 there were 289 homes that sold with an average selling price of $271,990  The average days on the market a year ago was 91  This year 2019 for the same period Jan 1st til the end of May  there were 268 homes that sold for an average sales price of $273,500. days on the market is slightly up from a year ago to 98 days. There are currently 208 homes actively listed for sale in the MLS that are not under contract. As you can see the number of homes sold has dropped a little the avearge sales price has increased by a couple of thousand dollars and the time on the market as increased by a week. These numbers cover all price ranges. If you would like a break down fo...
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By Alan Brown, 30 Years of Real Estate Experience .
(Coldwell Banker Realty)
Montrose CO Sales Numbers for the First 3 quarters of 2016 compared to the same time period going back to 2013. From Jan 1st - Sept 30th  Montrose CityHomes      # Sold      Median Sales Price                           Residential Lots    # Sold     Median Sales Pr   2016           334             $188,750                                                                            25         $30,000   2015           335             $175,000                                                                            14         $22,000   2014           270             $168,600                                                                            22         $27,000   2013           281             $167,200                                                                            12    ...
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By Debbie Laity, Your Real Estate Resource for Delta County, CO
(Cedaredge Land Company)
Today I was showing mountain property outside of Montrose, Colorado. I love doing this and showing the beautiful scenery to my buyers. I've spent so much time in this area exploring the back roads, that I'm able to share a lot of information.When you have to work on a Saturday...this is the way to do it. We saw a lot of nice country today and the weather was just perfect with temperatures in the upper 70s. If you are considering purchasing mountain property in the Montrose area, please give me a call. We can talk about your specific property needs, and I can help you find that perfect mountain getaway or hunting property. There are many types of properties available. I look forward hearing from you.   I've lived on Colorado's Western Slope for over 26 years. I love this area and all it ...
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By Alan Brown, 30 Years of Real Estate Experience .
(Coldwell Banker Realty)
As a Follow up to my last blog on Inventory of homes for sale in the Montrose Colorado market.Here is the absorption rates for the City of Montrose for the last year going back to March 10th 2015City of Montrose1 Year Home Sales by Price Range..                                                 #of homes sold   $100,000  - $199,900                 228                     19 homes a month sell$200,000  - $299,900                 110                     9.1 homes a month sell$300,000  - $399,900                   36                      3   homes a month sell$400,000  - $499,900                   13                       1  home a month sells$500,000  and up                         1                Homes currently for sale and the supply$100,000  -  $199,900                  33             ...
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By Alan Brown, 30 Years of Real Estate Experience .
(Coldwell Banker Realty)
Montrose Colorado. The inventory of homes currently actively for sale continues to slowly drop. As of today March 5th 2016 there are just 229 homes total that are for sale that you could write an offer on.How does this compare with the last few years.  For the first week of March going back to 2012 the numbers look like this2012       4012013       3192014       4012015       2852016       229Here is the break down by price range. This is for homes in the City of Montrose and the County around the City of Montrose from the Ouray to Delta County line, it does not reflect homes for sale in the west end of the CountyUp to $99,900            5100k - $199,900       51200k - $299,900       62300k - $399,900       42400k - $499,900       22Over    500k              45 With as low as the invent...
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By Ninah Hunter, REALTOR®
(Ridgway Real Estate)
There are many myths and misconceptions about credit, which, unfortunately, too many of my prospective borrowers looking to by a home in the Montrose, Colorado area learn about the hard way--at the time they apply for a loan.  Below are 5 of the most common myths I see.Myth No. 1.  Having no debts or credit cards makes me creditworthy.  This is certainly one of the most prevalent.  I see it often with borrowers who went through a financial crises, such as bankruptcy or foreclosure, or who deal in cash because of their cultural upbringing.  The problem with this when you need a home loan is that lenders want to see that you can manage credit.  If you have no credit, you have nothing to manage. In that case, a borrower generally will not even have a credit score.  With some exceptions, ha...
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By Alan Brown, 30 Years of Real Estate Experience .
(Coldwell Banker Realty)
Here are the Real Estate Sales numbers for 2015 compared to the 2 years previous to that for home sales in the City and in the County. Also for lot sales in the City and the County. As you will see the market continues to improve, especially for home sales, Lot sales are improving a little. Also included are the number of Residential building permits issued in the City and the County for 2015 as compared to 2014 If you have any questions let me know I am here to help.  If you or some one you know is thinking about buying or selling this year I would love to hear from you.   City Residential Home Sales                                                         Number of Homes Sold      Median Sales Price   Days on Mkt                                   2015                      413          ...
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By Alan Brown, 30 Years of Real Estate Experience .
(Coldwell Banker Realty)
Montrose Colorado Real Estate. It turned out to be a good year for me, the best since the recession started in 2008. There are many people to thank for helping me to have a great year. My friends, previous customers. Half of the closings on the list below came from returning customers. 10 more closings came from people referring new customers to me. I thank you all for thinking of me when it comes times to buy or sell, whether it's you doing the buying or selling or you are letting your friends know to call me. Other people that help me on a daily basis behind the scenes that also deserve Thanks are the mortgage lenders, the Title companies, and the closers at the title companies, the office staff here at Coldwell Banker Bailey & Co with out them none of these closings would be possible...
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By Alan Brown, 30 Years of Real Estate Experience .
(Coldwell Banker Realty)
Here is the weekly Real Estate Activity Report for the Montrose area for the week of Oct 4th - Oct 11th 2015 The information used in this report comes from the Montrose Realtors MLS systemThe number of homes actively for sale this week is : 310 SOLD Properties 16292  Shavano Valley  $35,000     3 acre building site no irrigation water TBD   Kiowa Ln               $42,000    2 acre lot in Spring Creek Meadows Sub TBD  5950 Rd                   $55,000    8.6 acres Olathe irrigated 201  S 6th St Olathe        $125,000  2424 sq ft hm built in 63 5 bd 2 ba 1 car garage 24 N Uncompahgre        $132,000  3166 sq ft office building 1134 Dry Creek               $165,000  1458 sq ft hm 3 bd 2 ba built in 2005 2 car 2005 Cambridge              $182,000  2400 s qft bi level 4 bd 2ba built in 1978 ...
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By Alan Brown, 30 Years of Real Estate Experience .
(Coldwell Banker Realty)
Here is the Weekly Real Estate Activity Report for the Montrose area for the week of Sep 27th - Oct 4th 2015The number of homes actively for sale this week is :  311The information used in this report comes from the Montrose Realtors MLS SystemSOLD Properties 67228 E Borough      $35,000     A 1.4 acre residentila building lot TBD   Anderson Rd  $52,500     1/4 acre commercial lot 58796 Joe Pye Dr      $67,800     A 1992 Man Hm  3 bd 1 ba on 3.4 acres 2 car detached gar 204    Allison Olathe $80,000    845 sq ft hm 2 bd 1 ba No Garage built in 1955 1526 Pennsylvania   $89,000    1134 sq ft Man Hm 3 bd 2 ba No Gar built in 84 19348  6565 Rd          $125,000   Structural issues 4065 sq ft hm built in 1995 on 3.2 acres 1463  Haystack          $126,200  A foreclosed Man Hm 3 bd 2 ba 1300 s...
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By Debbie Laity, Your Real Estate Resource for Delta County, CO
(Cedaredge Land Company)
Fall Colors in Western ColoradoIt's always nice to get up high in the mountains. I just love the scenery and you never know what kind of wildlife you might see. Today I didn't see anything but a few deer, but it was still a great trip. I was working showing mountain property.These pictures were taken at about 8,000 feet in an area just south of Montrose in Ouray County.  The scenery in this area is beautiful with sweeping mountain backgrounds and tall pine trees mixed with scrub oak and aspens. There are many different kinds of mountain parcels available in all price ranges. If you would like more information on land in this area, don't hesitate to call me. I hope you enjoy these pictures. I've lived on Colorado's Western Slope for over 25 years. I love this area and all it has to offer...
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By Alan Brown, 30 Years of Real Estate Experience .
(Coldwell Banker Realty)
Here is the weekly Real Estate Activity Report for the Montrose Area for the week of Sep 20th - Sep 27th 2015The information in this report comes from the Montrose Realtors MLS system and covers the County of Montrose east of the Plateau and the town of Olathe.The number of homes actively for sale this week is : 313I am never to busy for your referrals, if you know of someone looking to buy or sell, I would love to hear from them. Search the entire MLS for the area.  ColdwellBankerMontrose.com SOLD Properties TBD Lucress Dr    $19,950    1.5 acre building lot North West of town TBD Mancos Ln    $42,500    1.5 acre lot on Spring Creek Mesa in Dakota Vista Sub TBD 6020 Ln         $45,000    2 Acre lot in Spring Creek Meadows Sub off Kansas Rd 60833 Logan Ln   $55,000    1.7 acre lot in Au...
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By Joan Zappa, Professional treatment of our clients, brings awes
(Eagles Wings Realty)
 We love southwest Colorado, Montrose is the hub of tremendous Recreactional activities.Looking for beautiful sunsets like this one taken from the office window at Eagles Wings Realty,  or wanting to take a hike in the High country?  It's all minutes away. Mountain biking, how about this trail system 10 minutes from downtown.  Let the Zappa Team help you find the best areas and better yet the best properties.
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By Alan Brown, 30 Years of Real Estate Experience .
(Coldwell Banker Realty)
Here is the weekly Real Estate Activity Report for the Montrose area for the week of Sep 13th - Sept 20th 2015. The information used in this report came from the Montrose Realtors MLSThe number of homes for sale this week is : 312 Are you looking to buy or sell Real Estate Contact me with any questions. AlanBrownRealtor@gmail.com      970-209-8436   ColdwellBankerMontrsoe.com SOLD Properties TBD  Redcliff             $10,000      A residential building lot in the Bridges Golf Community 63     Montrose Pl      $42,000     1967 Mobile Hm 2 bd 2 ba on its own lot 47    S 4th                   $75,000       3 bd 1 ba built in 1895 678 sq ft  no garage 1021 Centennial        $140,000    2 bd 2 ba 1176 sq ft built in 1977 1 car garage 612  Hersum              $157,000    1471 sq ft hm in Olat...
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