Brisk January real estate indicators follow last year’s strong showing

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The number of homes for sale in Mesa County in January was the same as January 2016, but both transactions and sales prices have increased.

A nine-year high in new residential building permits issued last month combined with last year’s 10 percent hike in home sales is painting a rosy picture of Mesa County’s real estate outlook heading into the new year, according to a Bray Real Estate representative.
Thirty-five residential building permits were issued in January, the highest number of permits in January since 2008 and a 250 percent jump from the same month last year, according to the company’s January 2017 real estate statistics report compiled using the Grand Junction Area Realtor Association Multiple Listing Service.
Bray Real Estate Broker Associate Brian Donaldson said the spike in building permits last month — combined with the fact that the active home listing inventory remained flat between January 2015 and January 2016 — is a sign that home builders are optimistic about their chances with new home construction.

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