(970) 445-8227

matteilers@aol.com

Archive for October 2014

Here is a look at how real estate sales in September 2014 did.  For this we are looking at real estate sales in the 9 major areas in and around the valley.  Fruita, Redlands, Grand Junction City, North, SE GJ, NE GJ, Clifton, Orchard Mesa & Clifton.

We will also look back and see how September 2014 Grand Junction real estate sales did vs September 2013 real estate sales.

 

  2014 September Sales Figures  
Area # of Sales Med Sales Price Avg Sales Price Median Days On Market
Fruita

26

$190,800

$240,886

92

GJ City

24

$138,000

$149,946

106.5

NE GJ

24

$166,250

$164,443

79.5

SE GJ

20

$154,450

$154,287

95

Redlands

23

$350,000

$346,948

89

North

25

$265,000

$293,117

136

Orchard Mesa

18

$179,950

$184,996

74

Palisade

3

121

Clifton

12

$142,250

$139,517

50

In September, the Sold Price to List Price came in at 98.27%

 

  2013 September Sales Figures  
Area # of Sales Med Sales Price Avg Sales Price Median Days On Market
Fruita

25

$212,000

$214,947

85

GJ City

22

$122,673

$130,641

80

NE GJ

22

$164,500

$175,764

71

SE GJ

19

$156,000

$147,854

86

Redlands

23

$290,000

$346,916

92

North

22

$287,250

$336,712

99

Orchard Mesa

30

$172,500

$178,490

72.5

Palisade

12

$186,250

$252,368

92

Clifton

10

$75,500

$84,041

74

In September, the Sold Price to List Price came in at 98.04%

OVERALL SALES through end of September for 2014

OVERALL for 2014- Using the areas above

2014

 
 

# of Sales

Med Sales Price

Avg. Sales Price

Median Days on Market

Jan.1-Sept. 30

1741

$185,000

$211,858

89

Median Sold Price to List Price as a percentage:  98.27%  

 FOR 2013

 

2013

     
  # of Sales Med Sales Price Avg. Sales Price Median Days on Market
Jan.1-Sept. 30

1751

$179,000

$201,782

82

Median Sold Price to List Price as a percentage:  98.25%  

 OVERALL ANALYISIS:
*# of Sales has remained the same in 2014 vs 2013
*Median Sales Price is up 3.35%
*Median Days on Market is ~7 days longer vs 2013

 

 

Read more

With the end of 2014 getting closer and closer, what might the real estate market in 2015 look like.

The Home Buying Institute offered their 5 predictions for 2015.
1) Home Values will keep rising but gradually
2) Double digit gains limited to California and the Southwest
3) Mortgage rates below 5% for the next year
*but rates might rise by ~0.7% and be at or around 5% by the 4th Quarter of 2015
4) Foreclosure inventory will decline sharply
5) Mortgage loans will be easier to obtain

For the full article: http://www.homebuyinginstitute.com/news/housing-predictions-and-trends-572/

Read more