How’s the Market?
More Homes on the Market ~ April 16, 2024
Currently there are 293 properties for sale throughout Montezuma County. This includes land, homes, and commercial properties. The Mancos Trailer Park behind P & D Grocery just got listed and has 8 units plus a vacant lot for expansion. The cap rate is 8% which makes a good investment. Several homes have seen price reductions in the last several weeks. They were not priced correctly to begin with. Homes are taking an average of 93 days to sell from when they are first listed. Home sold prices are staying steady with last year and right now the average home sold price throughout the county is $405,943.
Spring Listing Market Has Begun! ~ April 2, 2024
SW Colorado’s Real Estate Market is Changing! ~ March 1, 2024
Looking for a home under $400k? ~ February 1st, 2024
What’s going to happen to the real estate market in 2024? ~ January 5, 2023
Comparing 2023 to 2022 Real Estate Sales ~ January 2, 2024
Fall ~ September 15th, 2023
With the change of the seasons, a few more homes are coming on the market. There are still fewer homes on the market and fewer homes getting sold this year compared to last. If you are a buyer, definitely get a pre approval letter for a loan or have a proof of funds PRIOR to looking for a home. Many sellers will not allow showings to someone without a letter. If homes are priced right, we are seeing homes getting under contract within a week and some with multiple offers. Fall in SW Colorado is stunning, leaves are just starting to change with daily temperatures in low 70’s and at night around 45. We have not seen our first frost so, gardens are still producing and apples are almost perfect. Best to pick apples after the first frost.
Spring did not start in March! April 17, 2023
We had lots of snow in March and cold weather. The cold weather slowed down the market as well as interest rates hovering at 6.875%. We have had nice weather for the past week causing all kinds of flooding. We are happy for the moisture and will have a few cold days this weeks which is a blessing to slow down the snow melt.
Spring Market – March 7th, 2023
Warmer weather has arrived! We have an epic winter with lots of snow and the lakes will be full this summer! More homes are coming on the market each week, however if priced right they are gone within 2 weeks. Best advice is have your pre approved letter from your lender, or proof of funds ready prior to looking for a home. If you would like to be set up with instant notifications when a new house hits the market let me know. I do know of two homes coming on the market!
Seller’s Market ~ October 25, 2022
More homes have been coming on the market! If you are looking to buy, be prepared with a pre qualification letter or proof of funds because the average days on market is 55! It definitely is still a sellers market however there were 9 price drops last week!
Interest Rates ~ October 15, 2022
Interest Rates are hovering around 7% for a 30 year fixed rate. Fall in love with the house, not the interest rate. Refinance once rates come down. It is always better to buy than rent!
How’s the Market?
More homes are coming on the market ~ September 5, 2022
Sweet Home For Sale in Cortez Colorado~ August 15, 2022
Home Sales Prices up 27% Year To Date in Montezuma County ~ May 17,2022
The market is STILL BANANAS~ April 15, 2022
126 homes have sold since January! The average sales price for Montezuma County (Mancos, Cortez, & Dolores) is $332,500, with the average days on market is 109 days. We currently have 190 buyers looking for a home, so if you are looking to sell give us a call.
Prices are rising! ~ March 11th, 2022
Home Sales Prices are rising! ~ February 25, 2022
Still Bananas!! ~ January 7, 2022
Currently on 16 homes for sale in the Mancos area! I’ve got 265 buyers looking for homes! If you are looking to sell now is the time, since there are very few competitors and interest rates are still low!
Christmas Time in Southwest Colorado and Real Estate is still Booming ~ December 21, 2021
More homes have been coming on the market! In Mancos, Cortez, and Dolores ( Montezuma County) there are 104 homes for sale. The average home stays on the market for just a couple of months! If it’s a pretty sweet, it will be under contract within the first week! That means that if you are a buyer, get ready! Have your prequalification or proof of funds letter in hand, and have a great Realtor on your side, who loves helping and is skilled in negotiations. Check out my Zillow reviews! If you are buying or selling, I’m here to help!
Home Sales Prices Still Rising! December 7, 2021
In Mancos the average home sales price has increased by 11% from 2020, Cortez is up 20% and Dolores is about the same. All of Montezuma County is up 14% from 2020. On average the typical home is on the market for about 2 1/2 months. Many homes are experiencing multiple offers, so if you are thinking of buying definitely get pre approved for a loan or have a proof of funds letter in hand.
Click here to see the latest stats!
Home Sales Price up 12% from last year in Mancos, Cortez and Dolores Colorado ~ October 1, 2021
Sizzlin Summer ~ August 15, 2021
30 homes are for sale in the Mancos zipcode (81328), of those homes 10 of them are over 1 million! If a home is priced right it will be under contract within the first 2 weeks and usually within days. Fixer upper homes intown Mancos are going for around $300k. There are still some good deals on land. For example, 18 acres without covenants and with electricity and domestic water for $170k. Wanting to be close to intown Mancos? Check out the 3-4 acre lots for $82k on J.75.
What is on the market? ~ July 26, 2021
Currently there are 115 homes for sale in Mancos, Cortez and Dolores ranging from $99k to $9m. Looking for something specific? Give us a call, we are here to help!
Comparing 1st Quarter 2021 to 2020 ~ May 3rd, 2021
Homes are flying off the market! ~ March 30th, 2021
If price correctly, a seller should expect offers and lots of showings within the first 3 weeks. Many homes are under contract within a couple of days! So if you are looking to buy a home, get pre qualified and have a Realtor look for you. The Realtor might know of homes that are about to be sold, but not on the market. I’m here to help!
Now is the Time to Buy! ~ February 18, 2021
Just closed on a home with a 15 year mortgage for 2.1%! Wow! With low interest rates, and few homes on the market, it is a sellers market! Meaning if you want to buy a home, be prepared. Get preapproved prior to looking for homes, get all the info to your lender, and be prepared to make an offer that is within 1-2% of asking price. Many homes are selling for asking price or above. Covid, has many people working remotely, so the 4 Corners is a great place to live!
What an incredible 2020! ~ Happy New Year! ~ January 1, 2021
Lowest Interest Rate I Have Seen ~ December 23, 2020
Just closed on a home and the buyer got a 15 year fixed loan at 2.125%! WOW!!
Time to Buy ~ December 14, 2020
Interest rates for a 30 year fixed loan are hovering at around 2.75%! Wow! That’s cheap money, my first home loan was at 10%!
Thankful ~ November 24, 2020
One of the best things about my job is making new friends. Some great people are moving into the area. Want to join us?
Home Demand is High ~ October 19, 2020
Homes are selling fast! Average days on market is 120 days. I’ve got a list of buyer’s who are looking for homes and there are very few homes on the market.
Average Intown Mancos Home Price ~ September 23, 2020
In 2010 the average sold price for a home intown Mancos was $144,590, now 10 years later it is $280,712! WOW!!
Sales Price in Montezuma County Rises ~ August 31, 2020
Comparing last years average sales price for a home in Montezuma County ( Mancos, Cortez, and Dolores) to the first 8 months this year we see a huge increase $30, 384! Last year the average sales price of a home was $266,243 and this year so far its $296,627! With a 30 year interest rate hovering around 2.875 for a conventional loan it’s a great time to buy. Also if you have bad credit, several sellers are offering owner financing!
It’s a Sellers Market ~ July 22, 2020
Currently there are only 33 homes for sale in the Mancos Area, 81328 zipcode! If homes are priced right you will get an offer within the first 30 days of listing your home! Need to know what your home is worth? Give me a call!
Market Snapshopt ~ July 1, 2020
Comparing the first 6 months of 2020 to last year, average home sale prices for Montezuma County (Mancos, Cortez and Dolores) have risen by 7.9%!! Wow!
Real Estate Update ~ April 15, 2020
Land! Good Investment ! ~ January 25, 2020
They aren’t making any more land! In the Mancos Valley there are still some great deals on land. 10 acres with incredible views range from $65k-$100k depending on location and whether or not it’s in a subdivision. Let me turn your heart toward home.
Carrie Summers Sells Homes Fast for Top Dollar ~ September 24, 2019
Mancos continues to have strong market ~ September 17, 2019
How’s the Market? August 9, 2019
Busy Summer- July 15, 2019
If priced right, homes in Montezuma County (Mancos, Cortez and Dolores) are getting under contract for asking or above asking price. This means there is a shortage of homes for sale. There are few intown homes in Mancos for sale, so it’s definitely a sellers market. That first impression, with photos, and yard work are so important. If you are looking for waterfront property or irrigated land, that is in high demand and not cheap. I’ve lived in Mancos for 28 years and love calling it home. If you are looking to sell, I will help orchestrate the process so your home looks it’s best. If you are selling, let me do a market analysis on what your home is worth. Check out my reviews on Zillow. I’m here to help.
Got a house to sell? I have buyers looking for~ April 9, 2019
1. Single level 2 bedroom home with garage, stick built, 5 acres, under $350k in Mancos, Cortez, & Dolores area..
2. Intown Mancos 3 bedroom home or on outskirts under $400k.
3. Land 10 acres or more, no covenants. Under $150k
4. Single level home with 5-20 acres under $400k
5. Remote home, off grid, year round access under $275k
LIVE FEED of Average Sold Prices for past year. April 9, 2019
81238= Mancos area zipcode 81321= Cortez area zipcode 81323= Dolores area zipcode
Market Statistics March 15, 2019
Interest Rates are lowest in 12 months! March 4, 2019
Interest rates are holding at 12-month lows. The 30 year fixed is at 4.5%. Mr. Powell reiterated in front of the Senate Banking Committee last Tuesday that the Fed will monitor interest rate hikes and raise rates only if the economy warrants it. He also expects the inflation will likely fall below the Fed’s target of 2% for a time with the recent drop in energy prices. Low inflation is helpful for low rates. It’s a great day to buy your home. First step is to get pre-qualified.
How do interest rates affect my home purchase? January 18, 2019
When you’re paying interest on a home loan, it’s amortized over the life of the loan. That means that in the beginning of your loan term, most of your mortgage payment will go toward paying off interest. Over time, a larger percentage of your monthly payment will be applied to your loan’s principal balance.
When interest rates are low, home ownership is more affordable. If you don’t have to spend that much money on interest, you may be able to take on a larger loan. Higher interest rates, on the other hand, increase the long-term cost of owning a house.
Nothing affects a home’s affordability more than interest rates. After all, we live with the monthly payment, not the amount of the loan. Look at the chart below depicting the monthly payments for 30 year loans of $400,000 and $750,000. As you can see, just a 1% change in the interest rate can have a drastic effect on the monthly payment.
January 5, 2019
More New Home Building in 2018 ~ November 14, 2018
Driving throughout the county, I’ve noticed many new homes getting built. Builders are busy! I listed a new home this fall, and it was sold for full price within 20 days of listing for cash!
Homes intown Mancos are selling fast! ~ July 14, 2018
I have sold 3 homes in Mancos this summer with those homes being on the market less than a week! So far prices are up 18% from last year, so it is a Seller’s market. Several buyers have been looking in Durango and found that Mancos has more to offer. Thinking of buying? Let me do a market analysis and help you get the best price! 970-759-2540
House Hunting? ~ May 23, 2018
Looking for a home and can’t find one? Think of building! There are plenty of great parcels of land for sale. Some even with irrigation for sale!
Real Estate Review 2017 compared to 2016~ January 2, 2018
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
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
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!
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
Mancos Home Sales~ 1st Quarter 2013
| $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)