Montrose County Market Update – September 2021
Commercial Real Estate sales volume of $17.6M with 26 transactions in Q2 2021 is up 425% compared to sales in Q2 2020 with 10 transactions worth $3.4M. Residential Real Estate sales of $178.2M in Q2 2021 is up 83.9% compared to sales in Q2 2020 of $96.9M. Sales Taxes are up 25.7% compared to taxes collected in Q2 2020. Commercial real estate development projects include Bluecorn Beeswax purchase of building at 1842 S. Townsend Avenue, Adreneline Van has expanded a new facility and several residential developments are starting to break ground.
MONTROSE MARKET UPDATE
VELOCITY (Source – MLS)
MONTROSE SALES TAX INDICATORS (Source – City of Montrose):
MONTROSE CAP RATES
MONTROSE CAP RATES
RESIDENTIAL REAL ESTATE
DEVELOPMENTS
- Bluecorn Beeswax has purchased building at 1842 S. Townsend Avenue.
- Adreneline Van has expanded a new facility.
- Several residential developments are starting to break ground.