2013 Annual Real Estate Report for Mesa County & Grand Junction CO

The numbers are out and the fourth quarter Mesa County sales have showed a 6% decrease in the number of real estate transactions. In 2012 fourth quarter sales were at 871 and 2013 fourth quarter finished at 819. The dollar volume however went up 7%, with 2013 totaling $190 million compared to the 2012 same quarter total of $178 million. There were fourteen transactions that totaled over 1 million dollars in 2013 compared to the ten in the previous years 4th quarter. A notable transaction for sportsmen was the Cabela's wing of Mesa Mall selling for $5.4 million.

For the year we have seen a 4.2% bump in sales when we compare the 2013 real estate sales of 3589 to 3444 in 2012. The total annual sales volume was $770 million and represents a 13% increase from the 2012 volume of $681 million for 2012. HUD/VA sales accounted for $31.5 million of those sales in 2013 and was a decrease from the $36 million that was reported in 2012.

The median price rose in 2013 to $166,753 up from $160,000 in 2012. The average residential sale price jumped as well to $190,091 in 2013 compared to $180,936 in 2012. Average days on market did go up a little in 2013 but only by about 12 days compared to 2012.

The new construction and home building sector also grew with increased building permits issued totaling 444 in 2013 compared to 398 permits issued in 2012. Not only did the amount of permits go up the value of the permits grew from $88 million in 2012 to $99 million in 2013. 

Bank owned foreclosures accounted for 18% of sales in Mesa County for 2013. In 2012 they represented almost a quarter of all resales in the valley. Foreclosure filings also decreased 30% from 2012 levels. This is great news and indicates we on on the road to real estate recovery. We still have room for improvement and bank owned inventory that needs to be worked through. We anticipate that bank owned properties will continue to decrease as our local economy grows.

For real estate market trends you can subscribe to our market insider report. If you are looking to buy, sell, or invest in real estate in the Grand Junction or Mesa County area we would love to provide you excellent customer service! Thanks to Heritage Title Company for there assistance with this report.

Why use a Keller Williams Real Estate Agent in Colorado?

If you are thinking about buying or selling real estate in Grand Junction CO or anywhere for that matter you should really consider using a Keller Williams Realty Real Estate Agent. There are many reasons that set Keller Williams Realty apart from every other real estate company. We believe what sets us apart first and foremost is our belief system and office culture. Our core belief system is as follows:
*Win-Win: or no deal
*Integrity: do the right thing
*Customers: always come first
*Commitment: in all things
*Communication: seek first to understand
*Creativity: ideas before results
*Teamwork: together everyone achieves more
*Trust: starts with honesty
*Success: results through people
These core elements create an amazing real estate professional who paves the way for the success of their clients throughout a lifetime of real estate transactions. It is important for our clients to realize that agents need support and guidance from their brokerage firm to provide them with top notch service. I can speak from experience that other agents in our office are always willing to share idea's and support one another when we need anything because we realize that through teamwork we all achieve more. The market center offers training classes several times during the week, every week, so the agents are always on top of the ever changing real estate landscape. We also have an amazing support staff and employing broker that are available to us should questions arise during a real estate transaction. Our national franchise invests its profits into the development of tools for the KW associates to provide to their clients. For example we recently released a mobile real estate search app that is one of the best on the market for Android and Iphone/Ipads. Keller Williams Realty is also an open book company that is agent directed. If you are part of our company you have access to review financials and actually participate in various committee's such as finance, technology, or our KW Cares charity program. This simple fact automatically puts all of the associates as partners in the company.  All local market centers also have what is called an Associate Leadership Council or ALC that acts like a board of directors . The ALC is comprised of the top 20% agents in production and they make decisions that affect the market center. This council is the bridge between the firms ownership groups and the agents of the market center that casts the vision of our local, national, and international franchise.
Why this is important to our customers and clients? It is important because Keller Williams Realty wants to build better business people that are always looking to grow, learn, and expand themselves both professionally and personally. Wouldn't you want someone like that to represent you in your next real estate transaction?
The Harris Group is proud to be associated with Keller Williams Realty and sit on the  Associate Leadership Council for our Grand Junction CO market center. We would love the opportunity to speak with you about how we can help you with all your real estate needs. If you are thinking about doing real estate business somewhere other than the Grand Valley we can recommend a great agent in that particular area as well, just let us know. Be sure to contact us if you are thinking about starting a career in real estate