May 2017: Grand Junction Real Estate Market Stats

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)

Reported by Advanced Title Company

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)

Historical

Monthly

NUMBER OF SALES

Historical

Monthly


 
price
 

Median Sales Price May 2017: $219,950

 
listings
 

Number of Active Listings May 2017: 912

 
daysonmarket
 

Average Days on Market April 2017: 90

Monthly Comparision

Historical Comparison


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

May 2017

HOUSE

Grand Junction City: $173,625

NE Grand Junction: $211,500

North Grand Junction: $285,541

Clifton: $151,450

SE Grand Junction: $189,175

Redlands: $366,500

Fruita: $254,000

Palisade: $241,250


RESIDENTIAL BUILDING PERMITS ISSUED 

Historical

Quarterly

Reported from the Mesa County Clerk & Recorders office and believed to be accurate but is not guaranteed.


MORTGAGE RATES

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.