What is Happening In Grand Junction Area Real Estate - 6/15/08-6/21/08

Market Statistics for June 15, 2008 - June 21, 2008

According to our local MLS, there are currently 1,720 active residential listings in Grand Junction, 411 homes are under contract, 73 homes sold last week, and 30 expired. They are broken into areas below-

• City Area - 201active/11 sold


• North Area - 253 active/ 15 sold


• Northeast Area - 176 active/8 sold


• Southeast Area - 172 active/ 6 sold


• Clifton Area - 90 active / 5 sold


• Orchard Mesa Area - 182 active / 6 sold


• Redlands Area - 212 active / 13 sold


• Fruita Area - 302 active / 6 sold


• Palisade/East Orchard Mesa Area - 67 active / 3 sold


• Northwest Area - 27 active / 1 sold


• West Area - 38 active / 0 sold
  

The Different Neighborhoods in Mesa County - This is a general guide to the different areas

Are You Seeing A Lot of Foreclosures?

No. Not Really. What do you define as a lot?


We have seen an increase in foreclosures in Mesa County, but not even close to the amount the national media is making it out to be. I recently read this http://kevinwade.blogspot.com/2008/06/foreclosures-its-going-to-be-okay.html and found it very interesting that just 4 states accounted for more than half of the country's foreclosure activity.


You might find the following links interesting:

• For more homes currently in the foreclosure process, in Mesa County - Mesa County Assessors Office, Public Trustee



• Forbes article - Smart ways to Profit from Foreclosures

What is Happening In Grand Junction Area Real Estate

Market Statistics for June 8, 2008 - June 14, 2008

According to our local MLS, there are currently 1,670 active residential listings in Grand Junction, 430 homes are under contract, 34 homes sold last week, and 18 expired. and they are broken into areas below-

• City Area - 199 active/1 sold
• North Area - 233 active/ 0 sold
• Northeast Area - 170 active/4 sold
• Southeast Area - 164 active/ 9 sold
• Clifton Area - 90 active / 2 sold
• Orchard Mesa Area - 174 active / 1 sold
• Redlands Area - 218 active / 4 sold
• Fruita Area - 293 active / 13 sold

Grand Junction Real Estate Statistics For May 2008

This is a summary of May's Real Estate Market Statistics, for more detailed statistics check out the following graphs. Please note, there is a substantial difference in inventory and days on the market for homes priced over $500,000.

• The Summary for May 2008 looks like this - 1345 active listings(homes for sale), 337 homes sold, and the average days on the market(DOM) is 113.
  
• There was a slight increase in sales last month. Most noticeably, in the $200,000-$300,000 price range.
  
• There has been a steady increase in the number of transactions(homes sold) each month, since January.
  
• The median price of homes sold this month went down by $17,156.

Graphs - Grand Junction Real Estate Statistics For May 2008

Colorado Oil and Gas Conservation Commission Hearings

Today the Gas and Oil Conservation Commission was in town for a public hearing on recent recommendations for a number of possible energy regulations. This was a big thing for our community and one of the industries that supports it and our livelyhhoods. I attended for a little while, I got there about 8:45 am and it was standing room only. To call it standing room is really a misnomer, as I was barely able to walk in the door and I couldn't see who was speaking. Although, I was told that it was Josh Penry, our senator, and he gave a speech in support of the gas and oil industry. In which, he warned of the repercussions to the economy, of the western slope of Colorado, if the regulations were too stringent and caused these oil and gas companies to leave the area. As we were walking in, they handed us sticker to wear that said "Gas and Oil Feed My Family" In comparison, as we(a couple of other Realtors) were leaving we saw a tent with food. Never ones to miss an opportunity, we headed over to partake and refill our coffee mugs. The gentlemen there asked what side we were there to support. I told him I supported coffee. He seemed to appreciate that. He then told us that if we were going to drink his coffee we needed to wear one of his stickers that said "Clean Air, Clean Water, Clean Environment" and "I Support Wildlife". It was fairly obvious, after talking to him, that he wasn't from the area. I would have liked to hear more from the speakers, but it was hard to hear and the idea of standing there for hours wasn't appealing. The commission’s final energy regulations are expected out in July and I for one will be very interested in what they decide.

If you would like to learn out more or hear the public comments that took place today you can click on the following links:

Colorado Oil and Gas Conservation Commission Website with audio -
http://oil-gas.state.co.us/RuleMaking/COGCC-Audio.cfm

Excerpt from Local Newspaper -
http://www.gjsentinel.com/blogs/content/shared-gen/blogs/communities/breaking/entries/2008/06/10/commissioners_thankful_for_pub.html

Excerpt from Local Newspaper-
http://www.gjsentinel.com/blogs/content/shared-gen/blogs/communities/breaking/entries/2008/06/10/thousands_pack_convention_cent.html

Summary of Josh Penry's Speech -
http://www.gjsentinel.com/blogs/content/shared-gen/blogs/communities/breaking/entries/2008/06/10/lawmaker_invokes_black_sunday.html

I Enjoyed Seeing Some Familiar Faces

I think we have finally recouped from JUCO week. It was a fun week, but we were tired. I even let my daughter miss school on Friday. I really enjoyed seeing and catching up with some old friends(I'm not talking about your age either!). Hopefully, I will see you all before next year. I'm always just an email or phone call away!

The Night My Son Won't Soon Forget

So that Conrad Flynn is a super nice guy. He ended up making my sons day, maybe year. Either way he gave him a lifelong memory. After the championship game on Friday night, in which Conrad pitched the whole game and led Grayson to a decisive victory. My son went over to tell him good game and Conrad game him his baseball glove with his name imprinted on it. So the glove and the signed baseball will live happily together on my sons desk. Although, my son has a game tonight and I wouldn't be surprised if he takes it. I'm sure it'll make him play better.

After Conrad gave my son his glove. We tried to thank him, but couldn't wave him down. Apparently, the winning pitcher has(gets) to do a few interviews after the game. So I asked around and found his parents to relay the thanks to Conrad. They were just as nice. They took a picture of the two of them together. I wish I would have had my camera! Talk about a super nice family. What a treat for our family!