Montrose County Market Update – April 2019
Commercial Real Estate sales volume of $5.1M with 9 transactions YTD in 2019 is down 43% compared to sales YTD in 2018 with 11 transactions worth $7.4M. Residential Real Estate sales for $34.3M YTD in 2019 is down 8.9% compared to sales YTD in 2018 of $37.6M. Sales Taxes are up 3.8% YTD compared to taxes collected YTD in 2018. Commercial real estate development projects include Colorado Outdoors Ross and Abel headquarters construction project is now completed, Dunkin Donuts is now open and Freddie Hamburger to complete construction and to open in May 2019.
MONTROSE MARKET UPDATE
VELOCITY (Source – MLS)
MONTROSE SALES TAX INDICATORS (Source – City of Montrose):
MONTROSE CAP RATES
MONTROSE CAP RATES
RESIDENTIAL REAL ESTATE
DEVELOPMENTS
- Colorado Outdoors Ross and Abel headquarters construction project is now completed
- Dunkin Donuts is now open
- Freddie Hamburger to complete construction and to open in May 2019