Montrose, CO

The old School House/Grange building in Colona Colorado Is raising funds to restore this old historic building.

Built in 1915 and served as aschool until 1948. Purcahsed by the Grange in 1963. In 2000 it was designated a Ouray County Historic Site and a Colorado State Historic Site. In 2006 it was included on the most endangered places list by Colorado preservation Inc.

The Grange members are trying to retore the building and were awarded a grant of $250,000 from the Colorado Historical Society, but in order to obtain this grant the members must raise $85,000 as a matching contribution.

For more information contact Wanda Miller 970-249-5024.

brownbrit@aol.com Alan Brown 970-209-8436

The first week of the New Year has started off with a definite pick up in the calls and showings our office has been receiving. This is encouraging news if you are looking to sell your home, whether it is on the market currently or you are thinking of putting your home up for sale in the near future.

As I mentioned in a previous blog, interest rates remain at 37 year lows so if you are thinking of buying a home in the near future this is a good time. The average price of a home in Montrose continues to creep up despite the overall economic conditions being slow.

Please contact me with any questions on how you can take advantage of this market.

brownbrit@aol.com 970-209-8436....

So the end of the year and the start of a new one. Below are the numbers for Montrose Colorado These nu,bers are from the Montrose Area MLS System. They do not reflect any properties sold For Sale By Owner.

The Home Sales numbers are for the last 3 years.

Year # Homes Sold $ Volume Avg Price Median Price Days on Mkt

2008 472 105,224,014 222,932 195,750 164

2007 681 149,985,007 220,242 191,690 139

2006 800 174,435,489 218,044 185,955 143

Lot Sales For the last 3 years are as follows:

2008 58

2007 134

2006 186

My opinion for 2009 sales for the Montrose area are to be slightly better than the numbers you see for 2008. I believe that 2008 was the bottom of the market as far as numbers of sales. As you can see over the last 3 years the average price of a home has increased. With mortgage rtaes at 37 year lows right now this is the time to buy. If you have any questions please contact me brownbrit@aol.com

If you would like the latest list of Bank Owned Homes in Montrose Colorado Please e-mail with your e-mail address or call me 970-209-8436 I will e-mail you the latest list.

New properties are added to this list every week. This is one way to keep ahead of the best deals in town. brownbrit@aol.com www.ColdwellBankerMontrose.com

Mortgage rates are at 37 year lows. The average 30 year fixed rate Loan declined to 5.1% for the week ending December 31 2008. The 15 yeaqr rate dropped to 4.83% which is its lowest level since March 2004 when it was at 4.7%.

Since the end of October rates have dropped by 1 1/3% which for a $200,000 loan means a savings every month on your payment of $173. Money you could use elswhere should you seek to re-finance your exsisting mortgage.

With low rates and falling home prices this is a good time to buy. In Montrose Colorado home prices have about reached the bottom if you are waiting thinking that home prices are going to continue to drop that might be a mistake. There are some great deals out there.

If you would like more information please contact me brownbrit@aol.com visit our web site www.ColdwellBankerMontrose.com