Montrose Market Update Q2 2022

Montrose Market Update Q2 2022

montrose

Old Russell Strover retail was purchased by Home Loan bank for bank and Enstrom’s Candies.

City of Montrose purchased the downtown Wells Fargo branch for new city hall.

Montrose Memorial Hospital has a property under contact to expand.

2021 Q22022 Q2%+-
VELOCITY (Source – MLS )
Commercial Sales Volume$ 17,127,020$ 18,651,5008.17%
Commercial Transactions232714.81%
VACANCY RATE
CAP RATE
SALES TAX INDICATORS (Source – City of Montrose)
All Sales Tax$ 6,924,702$ 7,752,39211.95%
Lodging Taxes$ 25,428$ 33,44331.52%

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.