REAL ESTATE REVIEW OF 2022 Unlike the steady (rens) pace of 2021, the real estate market experienced some significant changes during 2022. The first quarter was a follow through of the hyper- activity our markets saw in 2020/2021 but the infation and interest rate increases changed the pace of sales beginning in June. As a result Montrose County's residential real estate market declined by about 3% in dollar volume and 17% in units. Much of the unit decline was in the local communities that are historically more interest rate sensitive The rapid change in real estate markets is beginning to settle down interest rates have stabilized, and expectations one that they may trend down in 2023. Buyer activity MONTROSE 38 NEW LISTINGS 42 SOLD LISTINGS $373k 72 DATED PUASA December Market Watch Stones are provided by the Colorado Real Estate Network and chicuit bynty, Coll is for information on statistics that are Specific to your neighborhood AVG. SOLD PRICE W AVG. DAYS ON MARKET MONTROSE $339,000 830 South Forty Drive 3 Bed 2 Bath 11,140 sq.ft. 302 BERKSHIRE HATHAWAY Home Services Colorado Properties MONTROSE $189,000 TED Buckhorn Road (Tract 2) remains elevated yet buyers are increasingly more critical about pricing and the condition of properties Pricing is a critical element for sellers in today's market Hoving the most up-to-date comparable sales and pricing accordingly. in addition to placing your home in the best condition, will yield a successful result DELTA 19 NEW LISTINGS 31 SOLD LISTINGS $359k AVG. SOLD PRICE AVG. DAYS ON MARKET Overall, we are positive on the outlook for the new year Today, as much as ever, the market is responding in line with macro factors that are influencing behavior Neighborhoods throughout the county are adjusting differenity based on buyer demand and circumstances (eg, cash vs financing but with great snow, local ski areas fully operational and elevated inventory, there is great excitement for a positive winter. bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond! MONTROSE $115,900 90165303810 Bath 1.236 BOS Wildcat Canyon Road 3 Bed 2 Bath 11,635 sq.ft. BHHSColorado.com (970) 249-4663 OURAY NEW LISTINGS SOLD LISTINGS AVG. SOLD $750K PRICE AVG. DAYS ON MARKET MONTROSE $600,000 Call one of our trusted real estate brokers: Trena Unrein, Brian Unrein Autumn Barrett Don Bailey, Jeff Keehus, Kree Christie, Linda Stell, Makaya Cervone, Michael Scott Dosch, and Donna Justin. REAL ESTATE REVIEW OF 2022 Unlike the steady ( rens ) pace of 2021 , the real estate market experienced some significant changes during 2022. The first quarter was a follow through of the hyper activity our markets saw in 2020/2021 but the infation and interest rate increases changed the pace of sales beginning in June . As a result Montrose County's residential real estate market declined by about 3 % in dollar volume and 17 % in units . Much of the unit decline was in the local communities that are historically more interest rate sensitive The rapid change in real estate markets is beginning to settle down interest rates have stabilized , and expectations one that they may trend down in 2023. Buyer activity MONTROSE 38 NEW LISTINGS 42 SOLD LISTINGS $ 373k 72 DATED PUASA December Market Watch Stones are provided by the Colorado Real Estate Network and chicuit bynty , Coll is for information on statistics that are Specific to your neighborhood AVG . SOLD PRICE W AVG . DAYS ON MARKET MONTROSE $ 339,000 830 South Forty Drive 3 Bed 2 Bath 11,140 sq.ft. 302 BERKSHIRE HATHAWAY Home Services Colorado Properties MONTROSE $ 189,000 TED Buckhorn Road ( Tract 2 ) remains elevated yet buyers are increasingly more critical about pricing and the condition of properties Pricing is a critical element for sellers in today's market Hoving the most up - to - date comparable sales and pricing accordingly . in addition to placing your home in the best condition , will yield a successful result DELTA 19 NEW LISTINGS 31 SOLD LISTINGS $ 359k AVG . SOLD PRICE AVG . DAYS ON MARKET Overall , we are positive on the outlook for the new year Today , as much as ever , the market is responding in line with macro factors that are influencing behavior Neighborhoods throughout the county are adjusting differenity based on buyer demand and circumstances ( eg , cash vs financing but with great snow , local ski areas fully operational and elevated inventory , there is great excitement for a positive winter . bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond ! MONTROSE $ 115,900 90165303810 Bath 1.236 BOS Wildcat Canyon Road 3 Bed 2 Bath 11,635 sq.ft. BHHSColorado.com ( 970 ) 249-4663 OURAY NEW LISTINGS SOLD LISTINGS AVG . SOLD $ 750K PRICE AVG . DAYS ON MARKET MONTROSE $ 600,000 Call one of our trusted real estate brokers : Trena Unrein , Brian Unrein Autumn Barrett Don Bailey , Jeff Keehus , Kree Christie , Linda Stell , Makaya Cervone , Michael Scott Dosch , and Donna Justin .