Montrose Q2 2023 Market Updates

Montrose Q2 2023 Market Updates

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Developments – What is happening

  • Market has slowed but still stronger.
  • There is more inventory and price reductions in all categories.
  • Working on several tax protests with some very positive success.
  • Enstrom Toffee is open.
  • Marriott Fairfield Inn will be completed this Fall.
  • New airport terminates with baggage claim should be completed this fall.
 2022 Q22023 Q2%+-
VELOCITY (Source – MLS)   
Commercial Sales Volume




Commercial Transactions




CAP RATE6.2%6.7% 
SALES TAX INDICATORS (Source – City of Montrose )   
All Sales Tax




Lodging Taxes$45,997



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.