New Report Shows Home Prices on the Rise

GRAND JUNCTION, Colo. - Grand Junction homes are becoming more valuable-- that's according to a new report saying our communities home prices are on the rise.

It's no secret that many refer to Western Colorado as the west slope, best slope.

"I don't know if you can have a better quality of life in Colorado as living in Grand Junction," said Merrite Wyatt, Agent with Bray Real Estate.

As a result, more and more people are gravitating to the area. So if you're looking to sell your home, now's your chance.

"Median prices are going up by 8%, so the sellers are getting more money for their houses, which in turn makes it a really great time to list," said Wyatt.

Yet, where does that leave those who are looking to buy a home? 

"There's a lack of options out there, so when they find something they need to jump on it quickly," said Wyatt.

As demand continues to increase, they said people looking to move may feel intimidated to do so just yet.

"A lot of people reading the paper see that there's an inventory shortage, so they won't do anything. There's still a lot of stuff coming on the market everyday," said Wyatt.

They stressed that the sooner you start, the better chance you'll find the options you're looking for.

"Unless you're paying cash for the house, you need to get in touch with a lender and then contact a real estate professional so we can help guide you through it," said Wyatt.

The positive side to all of this - is it shows what a popular place the Grand Valley is becoming.

Those with Bray say they do expect this demand for housing to continue rising. That means interest rates are expected to go up as well.

 


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