Table of Content
Grand Junction, CO currently has a population of 61,713 which means it is a smaller city but still has plenty to do and sites to see. It still has lively places to eat and quite places to take a stroll. When asked if rising home prices could present an issue in Grand Junction and the valley at large attracting businesses and employees, Matt Bell, the business development manager for the Grand Junction Economic Partnership, gave a statement.
Our data are calculated and updated every three months for each neighborhood, city and town, approximately two months after the end of the previous quarter. Each quarter, Fannie Mae and Freddie Mac provide their most recent mortgage transactions to the FHFA. These data are combined with the data of the previous 29 years to establish price differentials on properties where more than one mortgage transaction has occurred. These resultant neighborhood appreciation rates are a broad measure of the movement of single-family house prices. The appreciation rates serve as an accurate indicator of house price trends at the neighborhood level.
Real Estate Market Insights for undefined
As previously noted, the population of Grand Junction is 60,882 and the median age is 35.9. Among Grand Junction residents, there is a homeowner vacancy rate of 1.6% and a rental vacancy rate of 2.1% from a total of 26,995 units. NeighborhoodScout's data show that during the latest twelve months, Grand Junction's appreciation rate, at 14.46%, has been at or slightly above the national average. In the latest quarter, Grand Junction's appreciation rate has been 1.50%, which annualizes to a rate of 6.14%.
Median home value is the value which has equal numbers of homes valued above and below it. The median home value is more stable than the average home value, which can be greatly affected by a few very high or very low home values. Notably, Grand Junction's appreciation rate in the latest quarter is one of the lowest in America. The most prevalent building size and type in Grand Junction are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.14% owning and 41.86% renting.
Grand Junction,
On average, homes in Grand Junction sell after 30 days on the market compared to 53 days last year. There were 86 homes sold in November this year, down from 165 last year. Perry said one impact he foresees is that people who would normally be seeking a single-family home will instead look into multi-family homes.
QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more. The proportion of homes and apartments in the city built within a certain time period. Rocket Homes Real Estate LLC is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at
Recently sold homes
In the past week, single family homes in Grand Junction sold on average for $498,500 and spent 82 days on the market. In Grand Junction, the inventory of 298 experienced a 11% relisting. “How high do mortgages have to go before it kills the real estate market?
Mortgages on properties financed by government-insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit. Mortgage transactions on condominiums or multi-unit properties are also excluded. As such, NeighborhoodScout does not produce appreciation rates for neighborhoods that consist solely of renters or have no single-family homes . For a city like Grand Junction, with its 61,713 residents, HUD homes are an increasingly viable option for those trying to move into a new home but may be feeling squeezed out of the current housing market. HUD homes are owned by the US Department of Housing and Urban Development and present a greater range of financing options than traditional homebuying paths.
To verify school enrollment eligibility, contact the school district directly. The average overall walking score of neighborhoods in Grand Junction, CO is 0.69 which means it is a little more difficult to walk to nearby businesses and points of interest. Since it is a little more difficult to get around town in Grand Junction, CO you will definitely need a bike or car to get around.
Analyze how the market is performing against historical data. Guaranteed Rate helps you explore Grand Junction without having to leave home. Relative to Colorado, our data show that Grand Junction's latest annual appreciation rate is lower than 80% of the other cities and towns in Colorado. Homes in Grand Junction are staying on the market for 0 days on average.
This property has been listed on Redfin for 106 days since September 08, 2022. Climate risk data is provided for informational purposes only. If you have questions or feedback about this data, get help at riskfactor.com and climatecheck.com.
Find a top agent with a proven track record of selling homes faster than their peers or who can help you find your dream home, no matter how quickly their market moves. ClimateCheck™ analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies. Members receive 10 FREE city profile downloads a month, unlimited access to our detailed cost of living calculator and analysis, unlimited access to our DataEngine, and more. Check out Grand Junction, CO HUD homes for sale, which may include auction properties, for sale by owner, and more. Of the 378 properties actively listed, only 21 are cheaper than $200,000 and 39 homes are between $200,00 and $300,000. For comparison, there are 76 active listings for homes in the $300, ,000 and $500, ,000 ranges and 80 active listings for homes between $400,000 and $500,000.
A detached garage provides parking for six vehicles, and adjoining 16x48 shop provides the additional work shop for tinkering or other around-the-home activities or projects. A substantial pond is located on the property and is fed through surface water . There are few properties to compare to this peaceful Redlands oasis.
The most notable housing crash in Mesa County was “Black Sunday” in the spring of 1982, when Exxon Corp. exited the $5 billion Colony Oil Shale Project in Parachute. This led to thousands of people losing their jobs and a mass exodus from the county. Between New Year’s Day and the end of May, 1,432 residential properties have been sold in Mesa County, with 351 homes below $300,000 and only 104 below $200,000. Construction work is continuing in the Red Tail Ridge subdivision on Orchard Mesa, which is south of U.S. Construction is ongoing in the Red Tail Ridge subdivision on Orchard Mesa, which is south of Highway 50 off Buena Vista Drive.
The percentage of housing units in the city that are occupied by the property owner versus occupied by a tenant . The average homes sell for about 2% below list price and go pending in around 22 days. The average homes sell for about 2% below list price and go pending in around 48 days. The average homes sell for about 2% below list price and go pending in around 24 days. This property is a 3,124 square foot house with 4 bedrooms and 3 bathrooms.
No comments:
Post a Comment