For the first time this year, Mesa County finished a month with more active residential listings compared to the same month of the previous year. Barely.
According to a monthly report from Bray Real Estate, there were 764 active listings at the end of October, compared to 763 in October 2018. However, the county remains at two months of inventory, meaning that if new homes do not hit the market, the county would exhaust its supply in roughly two months. Some Realtors say that a healthy market should have about six months of inventory.
There were 355 homes sold in October, a 5% increase over 2018, but overall sales are down 4% over last year.
However, the county has seen a 5% increase in volume due to an increased median price for home sales. The median price currently sits at $255,000, a 9% increase over 2018. Days on the market are holding steady with an average stay of 58 days.
Building permit numbers continue to lag compared to 2018. So far, there have been 611 permits pulled this year, compared to 701 at this point in 2018. This represents a 13% decrease.
Foreclosure filings and foreclosure sales are showing a sharp decrease compared to 2018. Filings are down 20% while sales are down 35%.
■ Jimmy John's in Clifton is offering $1 sandwiches today in celebration of customer appreciation day.
The $1 sandwiches will be served from 11 a.m. to 3 p.m. and customers can choose classic sandwiches between numbers one and six on the menu. The deal is limited to one sandwich per person and only available in the store. The Clifton location is at 3203 Interstate 70 Business Loop.
"We have received tremendous support from the people of Clifton over the years," Clifton Jimmy John's owners Matt Spidell and Kyle Sinclair said in a press release. "We want to thank our customers for their continued support of our store in their community by offering fresh and fast subs on Thursday for just one dollar."
Jimmy John's has more than 2,800 locations in 43 states.
■ The Grand Junction Downtown Development Authority voted last week to approve a $10,000 facade improvement grant for the building at 330 S. Second St., which will become Foam and Folly, a brewery. The owner is adding a second story to the structure. The approval was conditional as the owner of the business is applying to join the DDA. The application must be approved by Grand Junction City Council. The item is set for a council hearing in December.
Do you know about an area business opening, closing, moving or changing? Email firstname.lastname@example.org.