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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 Q42021 YTD Q4%+-
VELOCITY (Source – MLS)
Commercial Sales Volume$9,643,005.00$24,639,008.00+60.86%
Commercial Transactions2542+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 Market9377-17.20%
Residential Transactions813905+11.32%
MESA COUNTY VACANCY RATEN/AN/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$18,914,77819.18%
Lodging Taxes$92,489$132,06742.79%

About The Author

John Renfrow, Renfrow Realty

A real estate professional since 2003, John Renfrow is owner of Renfrow Realty in the Montrose-Delta area. Now in its fourth generation, Renfrow Realty has been a trusted real estate source since 1986. John and his father, Jim Renfrow, bring a combination of business expertise and a lengthy track record in real estate to every real estate transaction.

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