Spring has almost sprung here in the Uncompahgre River Valley. The sun was shining brightly today and the snow covered San Juan Mountains looked spectacularly white. Temps hovered in the upper 50's on main street and locals were out in shorts wandering about. It was good to open up the door here in the Real Estate Office. Hopefully the sun will melt off more of the winters snow so that we can start showing property again soon!!
The Town of Ridgway Colorado saw declining real estate dollar sales in 2007 as well as declining single family home sales. The median sales price of a home however increased from $354,000 to $395,000. This was a trend that was experienced in the City of Ouray in 2006. The trend in the City of Ouray was completely different. In Ouray the average single family home price dropped 20% while the number of single family home sales almost tripled.
In either case, both Ridgway and Ouray provide outstanding real estate values for the investor looking for refuge from the Stock Market. With average single family home prices hovering in the $1000 to $1500 per square foot in Telluride, the $250 per square foot price in Ridgway/Ouray seems like a bargain.
Wednesday, March 19, 2008
Subscribe to:
Posts (Atom)
