| AUGUST REAL ESTATE NEWS - MESA COUNTY |
Supply Remains Elevated – Rates Move Down
Available homes for sale in Mesa County remain at their summer highs and approximately 8% higher than the same time in 2023. Home buyers, who have waited for more properties and/or interest rates to retreat, have been rewarded with a good supply of homes and rates well off their highs, now hovering in the low to mid-6% range (as a reminder, historical mortgage rates are about 7.38%).
Market fundamentals have returned. Condition, location, and price continue to be the drivers of properties that garner multiple offers versus those that remain on the market beyond our current average (July averaged 76 days on market). Properties coming to market can expect to see the most interest and traffic from immediate buyers so positioning your property to sell from the onset is vital. I am here to help with that – from providing recommendation on items to address, to staging, pricing to the market, professional media (photography, video, immersive/virtual tours), and advertising. The most concentrated number of showings will occur almost immediately, so we want to be well-positioned from the onset. If you are considering a move in today’s market, let’s be sure to connect and discuss a strategy and results that exceed your expectations!
As the summer comes to a close, our market continues to stay active. Many owners who wanted to enjoy their residences for the “last summer” will sell this fall/winter and we often see an uptick in buyer activity as the leaves change and people look to secure their home for the winter season. Call me today to discuss what you are looking to do. There is good activity throughout the valley, and I would enjoy the opportunity to visit and provide expert counsel as you embark on your next chapter.
Statistics are provided by the GJARA MLS and calculated by area. Not all listings and sales are by our office or brokers. Call us for information on statistics that are specific to your neighborhood.
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August 16th - 17th
Nestled in the small Western Colorado agriculture community, The Annual Palisade Peach Festival celebrates the best peaches in the world!
This Year we are excited to bring back a more than century old celebration, Peach Days! Palisade Peach Days is a 10 day celebration of the best peaches in the world! See below for the full schedule of events. Check back often as we add to the celebration!
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August 17th
You can capsulize most pop music acts by reciting how many hits they've had and how many millions of albums they've sold. But these conventional measurements fall short when you're assessing the impact of The Beach Boys.
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August 17th
Join us for our seventh annual Gears and Beers party!
At the Base Lodge, we'll have live music by the Bell Creek Band, a bump & jump, cornhole, food specials, and plenty of locally brewed beer, wine, and spirits!
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August 30th - 31st
Producer of Barrel Races in Western Colorado during the spring & summer months. Races normally include Open, Youth & Novice Horse classes with added money and often giving Trophy Buckles to open average winners each weekend with the generous support of Keinath Ranch. Most races are held at the fairgrounds in Mesa & Garfield Counties from April-September & often co-sanctioned with Xtreme & CWBRA for points in those organizations.
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June 8th - October 26th
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July 11th - September 26th
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September 7th
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September 20th - 21st
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September 21st
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September 27th - 28th
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Understanding the value of your home is crucial for making informed decisions, whether you're thinking of selling, refinancing, or just curious about your investment. Accurate home valuations help you set the right price, maximize your return, and ensure you're making the best financial choices.
To get an up-to-date valuation of your home, visit my website for a free home valuation. It's quick, easy, and can give you valuable insights into your property's worth. Check it out today!\RE
