MONTROSE, DELTA & OURAY COUNTIES - COLORADO - REAL ESTATE
What a year in national and local real estate! While our market experiences some of the trends the national macro-market sees, there likely has never been a time where local real estate experience and knowledge has been as valuable as now.
Although numbers softened in 2023 compared to 2022 (and previous years) - unit sales were down 18% and dollar volume declined by 18%, prices continue to rise in many neighborhoods because of strong demand and still lower than average inventory. Good news is that available homes for sale in the Tri County area are more than double what they were to start 2023 and with interest rates beginning to shift down, we expect more properties to come available as we enter our more traditional buying and selling season (see spring and summer). That timing, along with declining rates, may create another environment of more active buyers and sellers moving from their current property (and interest rate) into a new home that fits their lifestyle better.
This means that if 2024 has you considering a move to purchase or sell in the market, now is the time to start the conversation. There are pros and cons to making a move today and depending on your goals, we can devise a plan that will best position you for success this year. Real estate is extremely local, interest rates are constantly shifting, and buyer activity is strong - let's visit and talk about your plans this new year.
NEW DOWN PAYMENT AND CLOSING COST ASSISTANCE PROGRAM IN MESA, DELTA, AND MONTROSE COUNTIES
There is a new resource that you might be able to tap into for down payment and closing cost assistance. You might qualify to get up to $26,000 for down payment and closing costs on your primary residence and depending on where you purchase, there is up to $49,000 available.
- Subject to eligibility and requirements
- Loan repayment terms apply
- 0% Interest
- No monthly payments
- Not limited to first time home buyers
- Available in Mesa, Delta, and Montrose Counties
This is only available until the funds run out, so if you want to check this out further, call me today to learn more.
Based on this forecast, if you bought a $400,000 house this year, experts say it can gain
OVER $72,000 IN EQUITY OVER THE NEXT 5 YEARS.
If you're worried about falling home prices, don't be. Experts say they will keep rising for years to come.
LOCAL EVENTS
|
January - Every Day
Join us in January and help package seeds for the upcoming growing season! You can pick up a kit at any Delta County Library, during open hours, in the beginning of January and take them home to sort into seed packets. The packets will go into our seed libraries to be available for check-out by all Delta County residents in the spring.
|
|
January 12th - 14th
Welcome to the exhilarating world of San Juan Skijoring, where innovation meets adrenaline on the snowy grounds of Ouray County! Get ready to witness a groundbreaking sporting event like no other. We're not just another skijoring competition; we're pioneers, setting new standards and pushing boundaries in the skijoring industry. Brace yourself for an experience that will exceed your wildest expectations and leave you craving for more.
|
|
|
|
January 18th - 21st
Our annual Ouray Ice Festival, which is our 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.
|
|
January 19th
Dungeons & Dragons at the library is back! This new monthly adventure for 9-16 year olds starts on December 15. Beginners are welcome!
|
|
|
PLAN AHEAD
|
Feb 9th, Mar 15th
|
|
Feb 24th - 25th
|
|
Mar 2nd
|
|
|
|
Jul 5th - 7th
|
|
Jul 196th - 27th
|
|
Jul 26th - 27th
|
|
|
