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Archive for May 2014

Fruita Single Family Home Sales

2013

2014

# of Sales

95

104

Median Sales Price

$220,000

$215,370

Average Sales Price

$220,297

$238,297

Median Days On Market

112

120

*The period looked at is Jan. 1-May 15th for each year

The above is a quick look at some real estate sales statistics for Fruita, CO comparing 2014 to 2013.

# of sales is up 9.47%.

Median Days on Market has remained about the same more or less.

Sales Price- Average sales price is up +8.17% while median sales price is down -2.1%

Positive take from this is sales are up which should continue to remove inventory from the market.  If this trend continues, then price should follow the same trend with an upward movement.  Supply & Demand…as the supply decreases and the demand increases, then value increases as well.

Have a home to sell?
Call me to get an in-depth analysis of what your home might sell for in today’s market

Thinking of Buying?
Please e-mail me your search parameters and I can e-mail you back what best matches what you are looking for.  Stop going to site after site trying to find what is available.  Put me to work for you.  I am honest, friend and NO pressure whatsoever.

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The following is highlights from a report Heritage Title recently put out.
*Heritage Title- 970-241-8555

Keep in mind that winter is a slow sales time regardless of activity.  In my opinion, spring/summer are the telltale times of how the market is progressing.

1st Quarter Real Estate Highlights:
*10% fewer sales in 1st quarter 2014 vs 1st quarter 2013
*$133 million in real estate sales in 1st quarter 2014, down 8% from 2013
*median home pricing was for January: $167,400, Feb: $181,950, & March: 159,450
The market peaked in 2008 with a median sales price of $222,000
*Days on Market average was 131 days (2014) vs 153 days (2013).  Keep in mind that days on market for our area include the days that the property is under contract all the way up until the day of sale.
*Home Building: 97 permits issued vs 90 for the same time period last year
*Foreclosure filing dropped from 182 in 2013 to 148 in 1st quarter 2014.  The peak was in 2010 when there was 397 filings.
*resale of foreclosed homes composed 14% of the sales in 2014 (91 of them)  vs 25% in 2013 when there was 181

If you have any questions on market conditions or would like a free evaluation of your home’s value, please let me know.
Great service with equally great listing rates.

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Looking to get out and about Memorial Day Weekend in Grand Junction.  Here is a look of a few things that are going on this weekend. Enjoy.

Shrine Circus- May 23 & 24th
Buy your tickets at City Market to save money.
Location: Mesa County Fairgrounds

Antique Truck & Tractor Show- May 24th
Free.  Location: Mesa County Fairgrounds Lions Park Complex starting at 8am

JUCO World Series- May 24-May 31st

Law Enforcement Torch Run 5K Run/Walk  May 24th
$30.  Benefits Special Olympics of Colorado
Call 970-986-1187 for more information


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We have just finished wrapping up our home exterior remodel here.  If you have ever thought about doing a stucco remodel, we love ours and it looks great.  We learned a lot during the process and a big thank you to Diaz Stucco for doing such a fantastic job and helping us through the process.

Take a look: http://youtu.be/QMp_Vo9DSHQ

 

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