If you live in Ridgway, Ouray, Montrose or Telluride, Colorado and are either selling your home or looking to buy, there’s good news afoot! As reported by MarketWatch on October 24, existing home sales have reached a 13-month high. Prompted by the massive foreclosure market coupled with declining prices, the National Association of Realtors estimates a 5.5% increase in existing home sales, the largest increse in five years.

While the median home price fell 9% over the past year, sales surged 19% in the western U.S. in September. Data is reported only from actual closed home sales.

What this means for San Juan region locals is that your Ridgway real estate (or that in the surrounding area) has buyers ready and waiting and buyers are looking for favorable purchase scenarios. It’s a great time to speak with your Realtor about how you can make your home attractive to buyers and an even better time for liquid buyers to grab a Realtor and talk about the home of their chioce.

Click here to read the entire report by the National Association of Realtors.

Check back next week, as winter is coming and the entire team at San Juan Realty, Inc. is ready with a whole list of hot spots and upcoming events for locals and visitors alike. Whether you’re headed out here for Telluride skiing or Ouray ice climbing (or just a little cabin time in the mountains), it’s a beautiful time of year to escape your everyday for our little slice of heaven!