Montrose Market Update Q4 2021

Posted on March 27, 2022 by John Renfrow, Renfrow Realty in Market Updates
Montrose County Market Update image featuring RMCRE logo with 'R' in yellow, white, and blue on teal background.

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%
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About The Author

John Renfrow, owner of Renfrow Realty, smiling in a blue checked shirt, representing expertise in the Montrose real estate market.

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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