This September 6, 2024 archive covers the 81435 housing snapshot. The original graphic identifies the property type as single-family homes. The reported median list price was $7,972,500, inventory was 58 and the Market Action Index (MAI) was 24, compared with 23 in the prior-month commentary.
| Measure | September 6, 2024 |
|---|---|
| Median list price | $7,972,500 |
| Median price of new listings | $3,946,500 |
| Price per square foot | $1,694 |
| Average days on market | 256 |
| Median days on market | 140 |
| Listings with price decreases | 41% |
| Listings with price increases | 2% |
| Inventory | 58 |
| Median rent, period unspecified | $8,260 |
| Market Action Index | 24; prior month 23 |
The graphic’s August 2024 comparisons are 63 listings, $1,725 per square foot, 236 average days on market and an $8,122,500 median list price. Against those displayed comparisons, September’s inventory and asking-price measures were lower, while average days on market was longer. The graphic does not supply closed-sale or new-listing counts needed to verify the original claim that sales were outpacing new listings.
The article described a slight buyer’s advantage at MAI 24. The increase from 23 is a one-point index change, not proof of a price rebound or a future seller’s market.
Source: the original Mountain Rose Realty snapshot reproduced here. The Altos market-data guide describes MAI as a supply-and-demand indicator, with readings near 30 broadly balanced.
Forty-one percent of listings had a price decrease and 2% had a price increase. These percentages concern listings with changes; they do not mean values fell 41% or rose 2%. The $8,260 rent field has no stated lease term, sample size or income basis, so it cannot substantiate the original description of strong rentals.
These are historical asking-price and active-listing measures for the report’s 81435 market area. They do not establish closed-sale values, appreciation, rental income or conditions throughout San Miguel County. Changes in the mix of listings can change the median. A listed rent field without a lease period or sample definition cannot establish achievable rent or investment returns.
For a current comparison, ask Anne-Britt Ostlund at Mountain Rose Realty for dated active, pending and closed comparables matched to the property type, location, condition and price range. Condo buyers should also review association documents, dues, reserves, assessments and the particular unit’s permitted uses.