•  Carrie Summers Baikie  •  970-759-2540  •  145 Grand Ave., PO Box 524 Mancos, CO 81328  •  MancosHomes@gmail.com

     

Low Interest Rates~ November 13, 2017

Looking to buy a home or land?  Interest rates have been hovering around 3.75%.  Get prequalified before you start searching for a home.   This takes about 4 days.  A lender will ask for your past two year tax returns, current pay stubs an will have you fill out and asset and debt sheet.  There are still a shortage of homes for sale so if you are thinking of selling, now is a great time.  Fewer homes on the market,  and serious buyers.

Montezuma County Residential Market Statistics~  October 31, 2017

Shortage of homes for sale in Mancos~ October 15, 2017

I’ve got buyers and we can’t find a home for them!  Very few homes are on sale in Mancos and there is a shortage of homes to rent.  If you are looking to sell, fall would be a great time to list.  Fewer competitors, and serious buyers make it a win win for everyone.  If you would like to know what your home is worth, just call me for a free market analysis.  I’m here to help.

Two Months into 2017

We got blasted with snow and all schools are closed in county, so it’s a great time to reflect. Two months into 2017! Wow time flies!

Inventory for homes for sale in the $300k- $400k range is still low.  There is also a shortage of rentals in the area.  So this is a perfect time to list, if you are thinking of selling.

Currently there are 56 homes for sale with the Mancos zip code.  Many of these have been on the market for quite some time and might not be selling due to several factors: overpriced, location, and quality of home.

Pricing your home right is so important!  It’s just not picking a figure out of thin air hoping that someone will bite.  Start by picking a realtor who will be your trusted advisor and knows the market. They will do a market analysis and compare the pros and cons of each of your competitors.   Once you have a price down, now comes the time to get your house ready.  Declutter, clean up yard, get it pre-inspected and fix anything on report.  What kind of marketing will your realtor do? Will your realtor return calls in a timely manner?  These are just a few important questions to ask.

Want to know what your home is worth?  Call me for a free market analysis.  I’m here to help.

  2016 compared to 2015~ January 5, 2017

Microsoft Excel - 2015 to 2016 Montz Residential Comparison [Compatibility Mode_2017-01-20_10-06-07

1/2 way thru with 2016- How’s the market? ~July 14, 2016

2016 is whipping past.  Compared to 2015 real estate sales in Montezuma County are pretty much the same as last year.  Year to date (end of June) we have had 172 sales and that’s just up 3 from last year.  The good news is that average sales price is rising in the county.  Jan-June last year, the average sales price was $174,933 and this year $191,542.  Homes are selling quicker.  Last year the average days on market was 190 and this year 151.  There are 309 homes for sale throughout the county.

The Mancos market continues to be strong.  There are a shortage of homes for sale.  Currently just 8, of which one is a foreclosure.  Last year Jan-end of June there were 11 home sales intown Mancos and this year 6. Average days on market for a home is currently 126 days.

Land sales continue to be slow.  Last year we had 39 sales between Jan-June and this year a few more 47.  The shocker is that there are 327 parcels of land for sale in the county.  Very few buyers are wanting to build a home from scratch.

I appreciate your referrals and if I can ever be of any help, please let me know!!

Info from CREN (Colorado Real Estate Network) MLS

What can $350k buy me in the Mancos, Cortez or Dolores market?  ~ June 1, 2016

Many buyers are attracted to Durango, however $350k buys you just a condo in Durango.  $350k in the Mancos, Cortez, and Dolores market buys you a 3 bedroom/2 bath home, on approx. 10 acres!  Get more for your buck and Durango is just 30 minutes west of Durango!

Shortage of Homes ~  April 2016

Currently there are just a couple of homes for sale intown Mancos.  Also there are a shortage of homes in the $300-$400k range.  It’s definitely a sellers market.  So if you are thinking of selling give me a call for a free market analysis.  I appreciate your referrals!

How did 2015 sales compare with 2014?   ~  January 7, 2016

STATS

More Sales ~  November 30, 2015

With price soaring in nearby Durango, and a low inventory buyers have been coming over to Mancos, Cortez and Dolores.  So far this year there have been 35 more homes sold in Montezuma County than in 2014.  The average sales price for homes is higher.  May thru October are the major buying times.  41 homes were sold in October the most sold of any month in 9 years.  There is a shortage of homes for sale in the $300-$400k range.  If you are planning on selling your home, winter is a great time to list since inventory is low.  Don’t wait till spring when many people put there home on the market.

Has the market recovered?  When is the best time to buy or sell? ~  September 8, 2015

These are typical questions.  This year the residential sales in all of Montezuma County (Dolores, Cortez, and Mancos) are higher than they have been for years!

Microsoft Excel - Montezuma County Residential 2008 to present_2015-09-08_15-54-31

Market Update ~ July 1, 2015

Comparing 2014 to 2015 from January to end of June, home sales are about the same for homes with Mancos zipcodes.  There were 29 homes sold in 2014 compared to 27 in 2015.  Average price sold were similar too:  $249,987 in 2014 to $233,338 in 2015.   The biggest change is in average days on market.  In 2014 it took an average of 219 days for a home to sell.  Now it’s taking 180 days.  There is a shortage of 3 bedroom/2 bath homes in good condition on the market.   A few more land sales this year compared to last, however there is still an abundance of vacant lots for sale.

Beginning of Summer ~ May 28, 2015

School is out and sun is shining!  Irrigated land is scarce.  A couple of larger pieces have just come on the market.  Intown Mancos homes are selling for more money with shorter days on market. Typical 3 bedroom/2 bath home on 5 acres is selling for about $350,000 in Mancos Valley.

Spring Time ~ April 15, 2015

Busy spring time with many new listings.   There ‘s a shortage of quality built homes on the market in the Mancos Valley.  Days on market is shortening for all homes, which is good news for sellers.  Want more details?  Just call me.

Comparing 2014 to 2013 ~ January 5, 2015

Home sales are up 14% for the county, and  fewer days on market!  A few more land sales but still an abundance of land for sale.  With interest rates low it’s still a great time to buy.

Warm Weather is here and lots of buyers are looking! ~ May 22, 2014

With the nice warm weather,  showings have increased, and more homes are getting sold this year compared to last year.  There’s a shortage of irrigated land for sale in the Mancos Valley.  Still a couple of nice homes for sale with irrigation.  Buy now to have a nice garden!

Montezuma County: Mancos, Cortez, & Dolores Homes are selling faster! ~April 10, 2014

Comparing last year’s first quarters to this year’s first quarters days on market for homes to sell has fallen 31%!  Average days on market for homes to sell is 202 this year, compared to 291 last year.  Also there are fewer homes on the market than last year!  Still a buyer’s market with 401 homes for sale in Montezuma County.  Your dollar goes way farther in Montezuma County than in the Durango market.

Real Estate Update ~  January 6, 2014

Comparing 2012-2103

Durango Residential Intown Homes in 2012 sold 282 and in 2013 350!  Increase of 24%.  Average sale price in 2013 $338,478 only a little higher than 2012 of $336,734.

Mancos Intown Homes  in 2012 sold 11 and in 2013 22!!  Average sale price for 2013 was $144,18 and 2012 was $144,253.  However the average days on market for a home to sell decreased.

There is still an abundance of land for sale in Montezuma County (Mancos, Cortez, Dolores) and La Plata County (Durango, Hesperus, Bayfield)!

Need to know comparables to your home?  Just call.

Home Prices Continue to Climb

NEW YORK- Tuesday, October 29th, 2013   Home prices posted the largest annual gain since housing bubble days in August, although the month-over-month gain slowed for the fourth straight month.  (click on headline to read more)

Mancos Home Sales~ 1st Quarter 2013 

(data is for all 81328 residential sales)
Price                                               2011                              2012                              2013                       under contract
$0 – $49,999 1 1
$50,000 – $99,999 1 2 5
$100,000 – $149,999 3 3 3 1
$150,000 – $199,999 2 6 5
$200,000 – $249,999 1 1
$250,000 – $299,999 1 2
$300,000 – $349,999 1
$350,000 – $399,999 2 2
$400,000 – $449,999
$450,000 – $500,000 1
$500,000 + 1
Totals 6 11 15 13

Mortgages Hit Record 3.36%

WASHINGTON –Friday, Oct 5th, 2012   Average U.S. rates on fixed mortgages fell to fresh record lows for the second consecutive week. The declines have led more homeowners to refinance, a trend that could help the economy.

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.36 percent. That’s down from 3.40 percent, which was the lowest since long-term mortgages began in the 1950s.

The average on the 15-year fixed mortgage, a popular refinancing option, dipped to 2.69 percent, down from 2.73 percent. 

Auto, home sales help weak U.S. economy

WASHINGTON – Tuesday, Oct 2, 2012  The U.S. economy is looking more resilient, partly because of encouraging signs for the two most expensive purchases most Americans make: cars and homes.  (click on headline to read more)