| AUGUST REAL ESTATE NEWS - CHAFFEE COUNTY |
Supply Remains Elevated – Rates Move Down
Available homes for sale in Montrose County remain at their summer highs and approximately 17% higher than the same time in 2023. Home buyers, who have waited for more properties and/or interest rates to retreat, have been rewarded with a good supply of homes and rates well off their highs, now hovering in the low to mid-6% range (as a reminder, historical mortgage rates are about 7.38%).
Market fundamentals have returned. Condition, location, and price continue to be the drivers of properties that garner multiple offers versus those that remain on the market beyond our current average (July averaged 92 days on market). Properties coming to market can expect to see the most interest and traffic from immediate buyers so positioning your property to sell from the onset is vital. I am here to help with that - from providing recommendation on items to address, to staging, pricing to the market, professional media (photography, video, immersive/virtual tours), and advertising. The most concentrated number of showings will occur almost immediately, so we want to be well-positioned from the onset. If you are considering a move in today's market, let’s be sure to connect and discuss a strategy and results that exceed your expectations!
As the summer comes to a close, our market continues to stay active. Many owners who wanted to enjoy their residences for the “last summer” will sell this fall/winter and we often see an uptick in buyer activity as the leaves change and people look to secure their mountain retreat for the winter season. Call me today to discuss what you are looking to do. There is good activity throughout the valley, and I would enjoy the opportunity to visit and provide expert counsel as you embark on your next chapter.
|
August 14th - 16th
Ouray has hosted annual Canyoning Festivals since 2009 and is excited to host the 2024 Ouray Canyon Festival! Each day of the festival will include canyon trips, vendor displays of gear, gear raffles for registered rendezvous attendees, and social meet and greet activities.
|
|
August 23rd - 25th
The Montrose Home Expo is back this fall! Explore the latest in home improvement, remodeling, outdoor living, and more! Meet with local contractors and remodeling experts and expect to be inspired.
|
|
|
|
August 24th
Enjoy delicious food, fun activities and quality time in the great outdoors. Corn eating contest, bounce houses, wheelbarrow races and much more!
|
|
September 14th
This Festival will bring some of the best barbecue joints from across Colorado to serve up their amazing mouth watering bbq and compete for top prize money and bragging rights to see who has the best que in Colorado.
We will also have some great country music at the Rotary Amphitheater for an unforgettable weekend experience.
|
|
|
|
September 1st
|
|
September 13th
|
|
September 27th - 29th
|
|
|
|
September 28th
|
|
October 4th - 6th
|
|
October 11th
|
|
|
Understanding the value of your home is crucial for making informed decisions, whether you're thinking of selling, refinancing, or just curious about your investment. Accurate home valuations help you set the right price, maximize your return, and ensure you're making the best financial choices.
To get an up-to-date valuation of your home, visit my website for a free home valuation. It's quick, easy, and can give you valuable insights into your property's worth. Check it out today!
