Southwest Colorado Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Oct. 5, 2020

The 2020 Housing Market Supply

Housing Inventory Reaches a Historic Shortage


Colorado Real Estate


The Covid-19 pandemic has undoubtably shaken many aspects of our economy as a whole, and the housing market has been no exception! With mortgage rates at a historic low and buyers demand at an unprecedented high, we are now seeing a strongly depleted inventory of homes on the market. According to Business Insider and CNBC Real Estate News,  there are 20% fewer houses on than market than this time last year and simultaneously 25% more people applying for mortgages. 



To learn more, read on here.


As demand for homes grows and supply tightens, it is an excellent time to sell. If you have been considering a move, it could be an opportunistic time. 


Message or call our office at 970-516-1759 to see how we can work together to meet your goals. 



Sept. 2, 2020

Mortgage Rate Update

Just In: Mortgage Rates are LOW


Earlier this month, the average rate on a 30-year fixed mortgage fell to 2.98%. According to Freddie Mac, the mortgage-finance giant, it is the lowest level in almost 50 years of record keeping. With rates this low, it allows buyers a fantastic opportunity not only to purchase a new home but to get more bang for their buck.Low Mortgage Rates Buyers are finding they are able to buy more home for similar monthly mortgage payments. This is great news for buyers across the board as well as sellers. The lower rates make the previously same priced home more affordable. 



Here is a great article outlining the current low mortgage rate topic in more detail:

Buying A Home The Most Affordable Since 2016: Low Mortgage Rates Give You Purchasing 




March 10, 2020

Getting Your Home Ready To Sell

"Ac-Cent-Tchu-Ate the Positive," an American Songbook classic, was written by Harold Arlen, with lyrics by Johnny Mercer, in 1944. First made popular by Bing Crosby in the movie "Here Come the Waves."

Seventy-two years later, it remains as catchy as ever, and also serves as a toe-tapping reminder of the basics of home staging. Sing along, and enjoy!

You've got to accentuate the positive…

Arrange furniture, decorations and lighting so that the room clearly says, "Welcome!" After all, that's what Home is all about -- a place where we always feel welcome.

Eliminate the negative…

Clear clutter and personal items from surfaces. Remove up to half of the normal contents of a room, so it feels more spacious and inviting.

And latch on to the affirmative…

The goal of staging is to make it easy for the buyer to picture themselves as the one who lives, works, plays and dreams in the space.

Don't mess with Mister in-between …

Remind your clients that staging is a widely recognized best practice, used by motivated sellers.

You've got to spread joy up to the maximum…

First impressions are made within the first few seconds -- make it a positive one. For the right buyer, that "this is the one" feeling can be pure joy.

Bring gloom down to the minimum …

Ensure the lights are on, even in the daytime, and use higher wattage bulbs in hallways and bathrooms. Keep  curtains and blinds open, and use mirrors strategically to leverage the light.

Have faith, or pandemonium's liable to walk upon the scene …

We know not every pet creates "pandemonium," and in fact, pet-friendly houses can be a real plus. However, be sure to observe how animals respond to you as an "outsider" and advise accordingly. Pets that are calm and quiet around their owners can exhibit anxious or even aggressive behavior towards strangers.

Call our office today at 970-516-1759 to speak with an Agent / REALTOR® who can help you get your home SOLD!




Posted in Seller Tips
Feb. 11, 2020

Why should I get "Pre-Approved" when looking for homes?

Simply put, getting a "Pre-Approval" from a lender before you start looking at homes gives you more control over the home buying process, and is a sign to Sellers that you are a serious buyer. And, when you find the right home, you can make an offer right away, since you've already done the gathering of info for your lender, and you have a mutual understanding of the price range that you are approved for. 


You'll need to collect at least two years of tax returns, several months of bank statements and pay stubs, any documents that show additional sources of income.  It's a good idea to check your credit report to make things are in order, and address any errors.


Most lenders will process the pre-approval free of charge. Set yourself up for success, and talk to a local lender today, then let's go look at some houses and get you in your 2020 home!

Posted in Buyer Tips
Jan. 29, 2020

Market Update January 2020: Montezuma County

If you're wondering if it's a good time to sell your Montezuma County property, the answer is Yes!  We are already receiving calls from Buyers every day, and with Spring just around the corner, the pace will be picking up even more. Expert Tip: There's no need to wait until the bigger rush of listings that will come in March and beyond -- in fact, listing before the rush will help your home stand out and get seen by serious buyers. 
Give us a call at 970-516-1759, and we'd be happy to answer your questions, and help you reach your goals!


Posted in Market Updates