All posts tagged fruita real estate sales
Brrrrrrrr!! Starting to get cold outside. Ski resorts are starting to open & Vail Pass had it’s 1st closure due to snow…so whether we are ready or not, winter is here. Let’s take a look at the 1st 10 months (Jan. 1-Oct. 31) of 2014 and compare to 2013 to get an idea on how the market is doing.
OVERALL- Single Family Homes *Using areas: Fruita, North, Redlands, GJ City, NE, SE, Clifton, Orchard Mesa
| Single Family Homes | |||
| Overall | 2014 | 2013 | % Change |
| # of Sales | 1893 | 1868 | 1.34% |
| Med. Sales Price | $185,000 | $179,900 | 2.83% |
| Avg. Sales Price | $213,183 | $201,455 | 5.82% |
| Med. DOM | 90 | 83.5 | -7.78% |
| Avg. DOM | 118 | 109 | -8.26% |
| Avg SP/LP | 97.47% | 97.72% | -0.25% |
Thoughts: # of sales is basically about the same. Prices are up 3-5.5%. One item to keep an eye on is the Days on Market (DOM) did regress in 2014 by roughly a week.
| 3 Bdrm Single Family Homes Comparison | ||||
|
2014 |
2013 |
2014 |
2013 |
|
|
Area |
# of Sales |
# of Sales |
Med. Sales Price |
Med. Sales Price |
|
Redlands |
115 |
123 |
$270,000 |
$280,000 |
|
North |
182 |
131 |
$229,750 |
$239,000 |
|
Fruita |
161 |
141 |
$192,500 |
$197,000 |
|
GJ City |
129 |
138 |
$153,000 |
$153,430 |
|
NE |
169 |
177 |
$169,000 |
$159,500 |
|
SE |
159 |
174 |
$149,780 |
$140,000 |
|
Orchard Mesa |
144 |
164 |
$167,500 |
$149,450 |
|
Clifton |
98 |
91 |
$126,575 |
$106,000 |
|
2014 |
2013 |
|
|
Area |
Avg. Sales Price |
Avg. Sales Price |
|
Redlands |
$330,487 |
$301,800 |
|
North |
$246,026 |
$248,915 |
|
Fruita |
$207,588 |
$203,864 |
|
GJ City |
$156,690 |
$144,255 |
|
NE |
$166,124 |
$159,245 |
|
SE |
$138,335 |
$132,006 |
|
Orchard Mesa |
$178,372 |
$156,234 |
|
Clifton |
$115,212 |
$102,836 |
|
2014 |
2013 |
2014 |
2013 |
|
|
Area |
Avg DOM |
Avg DOM |
Med. DOM |
Med.DOM |
|
Redlands |
128 |
115 |
110 |
81 |
|
North |
112 |
113 |
100 |
87 |
|
Fruita |
127 |
112 |
94 |
90 |
|
GJ City |
113 |
108 |
86 |
76.5 |
|
NE |
111 |
98 |
86 |
78 |
|
SE |
119 |
94 |
90 |
69.5 |
|
Orchard Mesa |
106 |
106 |
79 |
67.5 |
|
Clifton |
107 |
109 |
78 |
84 |
Thoughts: It appears that the Median & Average Sales Price in 2014 both rose in the areas where prices tended to be under $200K. Although in areas that were +$200K such as Fruita, Redlands & North areas, this did not hold. Another item to watch in 2015 is how the Days On Market which increased in 2014 vs 2013 affects the real estate market.
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Today, we will take a quick look at sales of single family homes in various areas around Mesa County and see how the sales of single family homes has faired so far this year versus prior years. The date range that will be looked at will be from Jan. 1-May 31st.
| Area | 2014 | 2013 | 2012 |
| Redlands | 93 | 113 | 115 |
| North | 140 | 96 | 114 |
| Fruita | 131 | 104 | 132 |
| Orchard Mesa | 92 | 123 | 90 |
| Palisade | 18 | 24 | 20 |
Again, the above represents the number of sales of single family homes from Jan. 1-May 31st of each area from 2012-2014.
Now, let’s see what the median sales price was for these sales in these areas.
| Area | 2014 | 2013 | 2012 |
| Redlands | $295,000 | $317,311 | $260,000 |
| North | $239,500 | $233,450 | $240,000 |
| Fruita | $219,000 | $217,250 | $199,950 |
| Orchard Mesa | $165,950 | $156,000 | $137,500 |
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