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All posts tagged Clifton Real Estate

How did real estate perform in the 1st quarter of 2015?

Let’s look at how 2015 1st quarter did vs 2014 1st quarter.
The following is for all sales on the GJ area MLS by reporting agents/companies.
This is for single family homes excluding modular and manufactured built homes.

1ST QUARTER:
# of Sales 2015:   455               # of Sales 2014: 392
Median Sales Price 2015: $186,900
Median Sales Price 2014: $180,000

Median Days On Market 2015- 109 days
Median Days On Market 2014- 104.5 days

REO/HUD/Short Sales 2015- 16.47% of total sales
REO/HUD/Short Sales 2014- 23.7% of total sales

Areas with Median Sales Price for 2015 for 1st Qtr Sales
Redlands- $277,500
North- $242,250
Fruita- $219,900
NE- $179,900
SE- $167,450
Orchard Mesa: $171,450
GJ City: $147,650
Clifton: $139,150

Observations:
*# of sales in the 1st quarter of  2015 vs 2014 was up 15.82%.  This will be interesting to see if demand stays strong for the remainder of 2015 or if this uptick in sales in the 1st quarter was somewhat aided by our warmer temperatures over the winter.
*The number of REO (bank owned), HUD, & Short sales dropped from roughly 1 in every 4 sales in 2014 to 1 in every 6 sales in 2015.  This is a positive in my opinion as the fewer bank, hud, short sales that are on the market, the less competition for the average homeowner that is selling that might have to compete against a bank pricing a tad lower than market to sell their inventory.
*With the positive news of a big uptick in # of sales and fewer REO/HUD/Short Sales, the median sales price only increased by 3.83%.  Not bad but a lot lower when you compare to the Front Range (Denver, Ft. Collins…) where real estate appears to be hot, hot, hot over there.
On the flip side, good news for those that are or will soon be in the market to buy as they can take advantage of low interest rates and still find a home at an affordable price.

Have specific real estate questions or are considering buying or selling?
Please give me a call or e-mail me.

Matt Eilers
C#970-445-8227
E-mail: MattEilers@aol.com

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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

 

 

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In 2013, there were 2,2439 sales combined over the following areas that were listed on the MLS.
Areas: Palisade, GJ City, NE, SE, Redlands, North, Palisade & Orchard Mesa

Let’s take a closer look at the breakdown of sales in 2013.
The following is for informational purposes only as I cannot verify the data from which I used to compile this info.

Area/2013 # Sold M- Sold Price M-DOM M-SP/LP #2 Bdrms #3 of Bdrms #4 of Bdrms #5 of Bdrms
Redlands 292 $305,000 93.5 97.33% 12 147 102 23
GJ City 295 $140,000 77 97.42% 83 154 36 11
North 295 $252,000 92 98.27% 10 154 96 32
SE GJ 258 $143,890 79.5 99.84% 18 193 42 5
NE GJ 297 $165,000 80 98.19% 23 197 69 8
Fruita 297 $220,000 92 98.51% 15 162 101 17
Orchard Mesa 288 $158,000 78.5 98.25% 27 185 67 7
Clifton 146 $100,958 84 98.20% 14 117 14 1
Palisade 71 $162,500 98 97.01% 22 32 13 2

Legend:
M-Sold Price = Median Sold Price for all single family homes sold in the area listed
M-DOM = Median Days On Market for all single family homes sold in the area listed
M-SP/LP = Median ratio of the Sold Price to List Price. Obviously the higher the %, the closer the Seller
got to receiving their full list price at the time a contract was submitted.
Bdrms Sold: Following is the breakdown of the # of bdrms sold by size in each area.

Have questions, please let me know.  When it comes time to Buy or Sell, please give me a call so I can put my expertise to use for you.
Matt Eilers- 970-445-8227

 

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