About Mesa County, CO

I know I'm getting this information to you a bit late this month. Sorry! The good news is that I should have November's Stats in a couple of weeks.

I would encourage you to view the graphs with these statistics at My Other Blog.

The Summary for October 2008 looks like this -

• October was a very slow month for real estate in Grand Junction. However after the election business picked up, at least for our office.
• 159 homes sold. Also, we went from average days on the market(DOM) to average months on the market and that was at 4.2 average months.
• In October, inventory was down considerably for homes priced lower than $450,000.
• The average price of the homes sold this month went down slightly by $4,002 to $246,787.

Disclaimer, I get the monthly statistics from my broker and his numbers take into account the expired listings and therefore slightly differ from my weekly statistics

I've been waiting for the New Rules to finally come out and according to our local newspaper they should be out next week. It will definitely be interesting to see what the new rules are and how they affect the Oil and Gas Industry in Western Colorado. I have included a link to the article below.

Daily Sentinel-New Oil and Gas Rules

The US housing index report came out today. I for one was very interested in what it was going to say. Sales have slowed down a bit and I was curious to know if the prices of our homes had went down as well. Our homes actually appreciated more in the 3rd quarter than the 2nd quarter. In the 3rd quarter our homes appreciated 1.21% up from .82%, in the last year they have appreciated 4.67% down from 5.25% and over the last 5 years they have appreciated 66.11% down from 65.05%. I don"t know about you , but I sure am glad we have + (plus) sign in front of our numbers. I can't help but think "Not a bad return on you money".

The full report from the Federal Housing Finance Agency

Last Quarters Figures

A Quick Look At The Figures Nationwide

WOW!! TURN OFF THE NEWS! THE GRAND JUNCTION MARKET IS STILL GREAT! BUYERS ARE BUYING AND SELLERS ARE SELLING. CALL ME I WOULD LOVE TO SHOW YOU HOW! 9702506524