MESA COUNTY - COLORADO - REAL ESTATE
Return to Fundamentals as Market Remains Active
2024 culminated with Mesa County dollar volume decreasing 6% from 2023 while unit sales slipped 10%. This data indicates that prices have remained strong despite headwinds that include higher interest rates and a presidential election cycle that generally reduces sales. The lower residential sales can be primarily attributed to the interest rate environment combined with higher prices. Rates have kept those who currently have lower mortgage rates from making a move and new entrants into the market from purchasing their first home.
The new year should afford home buyers an interest rate reprieve (economists expect rates to settle in the low 6% - below historic norms) and buyers will be greeted with more inventory (already up 4% from the start of 2024) which should help normalize appreciation rates in some areas and create a favorable environment for buyers.
We are returning to a more predictable, cyclical market where inventory and sales are adjusting to pre-pandemic levels and timing. What is important to remember is that our dynamic market is unique, and a macro-view does not speak for every unique market.
Let’s connect and discuss your 2025 real estate goals. I would be happy to present in-depth information about your property or area of interest. Until then, have a great start to the New Year!
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.
LOCAL EVENTS
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January 18th - 19th
Feel like a superhero yourself as the pulse-pounding, larger-than-life scores to today's biggest superhero films are brought to life by the full forces of the Grand Junction Symphony Orchestra!
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January 23rd
The driving, music force that rocked Broadway and millions of fans in the ground-breaking musical ROCK OF AGES…This band of Rock Star musicians and Lead singers from the original cast, electrified performances of the 5-time Tony Award nominated show for over seven years and now they are available in a thrilling concert for everyone.
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February 1st-2nd
CMU invites other colleges to compete alongside the Mavericks in a collegiate race on Wonderbump! The Collegiate Skiing and Snowboarding Invitational brings together top student-athletes from universities across the country for a thrilling weekend of competition on the slopes.
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February 11th
Welcome to The Infamous Stringdusters, where dreams come alive and possibilities are endless! Join us at Mesa Theater & Club in the heart of Grand Junction, CO for an event that defies expectations.
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2nd Wed of the Month
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Various Dates Feb-March
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March 8th
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April 3rd
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April 5th
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April 19th
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Our Annual Homeowner Report provides you with an accurate estimated value of your property based on current market trends. As a real estate professional, I am committed to making your real estate journey as seamless and rewarding as possible. Being part of Berkshire Hathaway HomeServices Colorado Properties means I have access to best-in-class tools, market data, and resources, ensuring you have everything you need to make informed and confident decisions.
