Montrose Market Update Q4 2021
Developments – What is happening
- · Bluecorn Beeswax purchased 1842 South Townsend Ave remodel
- · Marriott – Springfield to start construction this Spring
- · Airport terminal expansion in process; hope to completed by the end of year
- · Several Residential Development is starting to happen
| 2020 YTD Q4 | 2021 YTD Q4 | %+- | |
| VELOCITY (Source – MLS) | |||
| Commercial Sales Volume | $9,643,005.00 | $24,639,008.00 | +60.86% |
| Commercial Transactions | 25 | 42 | +40.48% |
| RESIDENTIAL REAL ESTATE | |||
| Residential Total Sales | $266,138,240 | $369,493,421 | +38.84% |
| Residential Average Price | $333,124 | $412,123 | +23.71% |
| Residential Days on Market | 93 | 77 | -17.20% |
| Residential Transactions | 813 | 905 | +11.32% |
| MESA COUNTY VACANCY RATE | N/A | N/A | |
| SALES TAX INDICATORS (Source – City of Montrose) YTD – Thru November | |||
| All Sales Tax | $17,585,603 | $21,124,360 | +20.12% |
| Retail Taxes | $15,870,933 | $18,914,778 | 19.18% |
| Lodging Taxes | $92,489 | $132,067 | 42.79% |
