Information for Today’s Market

November, After the election blog

November 7th, 2008

November (after the election blog) 

Ok, we made it through the droning election advertisements so on to more fun items like the economy.  Today 11/6 the dow is doing just great.  But wait don’t let that get you down especially if you live in Montrose Colorado. 

Montrose has graciously declined to take part in the recession!!! 

What you say, no recession in Montrose??  Well that is true.  We are indeed captains of our own fate, so we are not going to participate in a recession,  end of story.    

Historically Montrose has escaped many economic downturns, somewhat because we really don’t have a huge economic engine that fluctuates with the overall US economy.  Most of our economy is produced from retirees moving here, some tourism and being a service center for Telluride and other very high end areas.  It seems the really high end area’s don’t suffer that bad, ok maybe they only get $4 million for a home vs. $4.2 million , everyone has to sacrifice a bit. 

So to this end a few of us here in Montrose have started the “Hey Chicken Little the sky is not falling” campaign.  Basically our goal is to let folks know that the economy and the Real Estate market is doing just fine, so come on down.  Attitude is everything and if we have a good one, good things will happen.  But we have to overcome all the slanted bad news from the media.  Remember bad news is a good seller; good news doesn’t sell papers or help with the ratings.   As a note we are only down approximately 25% on residential sales this year.  Not bad at all. 

More to follow on this and if you have any questions, drop me an e-mail 

A FEW REALLY GOOD DEALS !!!! 

3 + AC. lot in Cottonwood Crossing  $99k with possible owner carry. 

Bridges lot  $169k WITH golf membership and dues paid for a year and Owner Carry. 

Partial owner carry on two really great homes in the country. 

Drop me a note or call if you need more details.