Mesa County home sales are on the rise. According to Bray Real Estate Agency, the total number of homes sold this year so far in the Grand Valley is up 11 percent from this time last year, and 43 percent from two years ago. Christi Reece, broker associate at Bray Real Estate, says homes priced between $100,000 and $200,000 are selling particularly well.
“The under 200 price range has really taken off,” Reece says. “We are seeing multiple offers on properties. It’s definitely the best it has been in the last few years.”
She says more than 800 homes have sold already this year in the Grand Valley in that price range. With interest rates at a historic low, she says it’s the time to buy, and that’s what people are doing.
“There’s competition for those buyers so they have to be really fast to get those great properties that are priced well,” she says.
Reece says it’s a variety of people buying the smaller homes; from people relocating to the Grand Valley from out of state, to investors.
“We are seeing investors getting back into the market now so that’s a really good sign because they’re trusting that it’s a safe investment and that they’ll be able to rent those properties,” Reece says.
According to data from GJARA Multiple Listing Service, the year-to-date median home price for 2012 sales is $163,000- up from $161,000 in 2011. Homes are also selling faster, staying on the market for 19 percent fewer days than last year.