Mesa County home sales ahead of 2010

Home sales in Mesa County climbed in October compared to the same month last year, although sale prices continue to lag behind last year, according to a report released last week.

A total of 192 homes sold last month, a 16 percent boost over October 2010, according to Real Data LLC, a Grand Junction company that tracks all real-estate transactions in the county. The 2,058 homes sold in the county through the first 10 months of the year represented a 21 percent increase over the same period last year.

October marked the 11th straight month that residential sales were up year over year.

Foreclosure sales, meanwhile, were up significantly, while filings fell, an indication that the glut of bank-owned homes in the Grand Valley is continuing to clear and a stronger housing market may be following.

The 124 sales last month were 63 percent more than the 76 sales in October 2010. The 873 sales in the first 10 months of the year are just 4 percent more than last year, Real Data numbers show.

The 77 filings in October were 57 percent less than the 179 filings in October 2010. For the year, there have been 818 filings, which is off 36 percent compared to the same time in 2010.

Home prices remain below where they were at this time last year, although the gap appears to be closing.

Of the 192 homes purchased last month, nearly half — 94 — were bought for below $150,000. Sales of homes for less than $150,000 accounted for 41 percent of October 2010 sales.

Meanwhile, 25 homes sold for between $200,000 and $250,000 last month, accounting for 13 percent of the sales market. Fifteen percent of the homes sold in October 2010 were in that same price range, according to Real Data.


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