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Today, let’s take a look at how much a 3 bdrm costs around the various areas of Grand Junction as well as Fruita.

In 2016 year to date, sales of a 3 bdrm single family home (not including modulars or manufactured homes) accounted for 60.3% of the total number of sales versus other bdrm sized homes in the area.

Since a 3 bdrm single family home is the most common sized home that Buyers seek out, let’s take a look at how much a 3 brm home costs around our area.

The following chart shows the Median Sales Price of a 3 bdrm single family home in each area from Jan. 1-Nov. 17th in 2016 as well as for Jan. 1-Nov. 17th, 2015 to see how much prices have changed over the past year.

Area 2016 2015 % Change
Clifton $156,500 $139,700 12.03%
Fruita $222,300 $206,000 7.91%
Grand Junction City $173,450 $169,950 2.06%
SouthEast $175,000 $171,000 2.34%
NorthEast $184,500 $179,900 2.56%
Redlands $323,500 $293,000 10.41%
North  $249,950 $239,500 4.36%
Orchard Mesa $185,000 $175,000 5.71%

Oddly, the least expensive area as well as the most expensive area by far lead the way in terms of % change of how much a 3 bdrm costs in 2016 vs 2015.

Question: Do you think the Average Days on Market differs across the various areas & price points for a sold property in 2016?
Again, you might think there would be some differences around but there is actually very little difference.  The average Days on Market for a sold 3 bdrm single family home for the entire area is 93 days.  6 of the 8 areas listed above are within 3 days of the average.  Redlands, the most expensive area, comes in with the slowest sales rate with an average days on market of 105 days…or roughly 12 days slower than the average. The NE area comes in with the fastest sales rate with an average days on market of  83 days.

Have some numbers you want run or see in a future article, feel free to e-mail me and happy to go Inside the Numbers for you.
E-Mail: MattEilers@aol.com


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