May was a strong month for Grand Junction's real estate market. Despite a slightly lower number of active listing, sales volume was the highest it has been in the last three years at 96.6 million and 380 total sales. May also brought in our highest median sales price during the last three years at $219,950. In addition, days on market was at only 90 days.
If you're thinking of selling your home, now is the time!
Tip: Hover over each bar in the graphs to get detailed numbers.
MESA COUNTY HISTORICAL GROSS SALES VOLUME ($ MILLIONS)
RESIDENTIAL INFORMATION FOR MESA COUNTY
All data, except where noted otherwise, is reported from the GJARA MLS and believed to be accurate but is not guaranteed. Figures shown reflect MLS transactions only and do not include transactions without a realtor. Except where noted, figures reflect residential sales of single family homes, condos and townhouses.
TOTAL SALES VOLUME ($MILLIONS)
NUMBER OF SALES
Median Sales Price May 2017: $219,950
Number of Active Listings May 2017: 912
Average Days on Market April 2017: 90
ON AVERAGE HOMES SOLD FOR 98.36% OF THEIR LIST PRICE IN MAY 2017
Inventory by Price Range
May 1, 2016 - May 1, 2017
Use this chart on single family residential absorption rates to determine how long it takes to sell a home in each price range. For example, if you have a home listed at $250,000, it will take about 4 months to sell (in perfect circumstances).
|PRICE RANGE||SOLD LISTINGS||ACTIVE LISTINGS||MONTHS OF INVENTORY|
|0 - 100K||73||16||2.6|
|101K - 200K||1050||277||3.2|
|201K - 300K||1093||402||4.4|
|301K - 400K||343||161||5.6|
|401K - 500K||180||90||6.0|
|501K - 700K||86||93||13.0|
|701K - 1 MILLION||19||44||24.8|
|1 MILLION +||8||24||36.0|
MEDIAN SOLD PRICE BY AREA
Grand Junction City: $173,625
NE Grand Junction: $211,500
North Grand Junction: $285,541
SE Grand Junction: $189,175
RESIDENTIAL BUILDING PERMITS ISSUED
Reported from the Mesa County Clerk & Recorders office and believed to be accurate but is not guaranteed.
30 YEAR FIXED RATE: 3.70%
15 YEAR FIXED RATE: 2.95%
Mortgage rate information provided 6/01/17 by Zillow.
2017 Q1 RENTAL INFORMATION
GRAND JUNCTION VACANCY RATE: 2.1%
AVERAGE COLORADO VACANCY RATE: 5.7%
Information provided by Colorado Department of Local Affairs.