Montrose Rapidly Growing

By: Christy Hutchings
By: Christy Hutchings

Montrose offers plenty of private land for people to build; a nice and mild climate and outdoor recreation, you mix that in with not as much traffic as the front range.
A rise in property value and still that small town feeling, this makes Montrose a prime target for home owners or investors.
Owner of montroserealestate. com, Scott Scarborough, has lived in Montrose since 1988 and has seen the steady growth of the city.
Once a farming community, Montrose is now a micropolitian area and is attracting people from the front range, California and people who work in Telluride but want to reside in Montrose.
Scarborough says for a while the city was seeing a four to five percent appreciation a year in homes.
However this past year, that rose to a seven to eight percent appreciation, making Montrose the 18th fastest growing small micropolitain area in the nation.
For those wanting to move to Montrose, they might have to wait.
According to published reports, Montrose broke all time records in the month of Oct. and Nov. for building permits.
Scarborough says for people who are looking at new homes in the $180-260,000 range will have to wait three to four months.
However for people looking to buy homes in the $280-320,000 range there is more of a buyers market.

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