Real Estate sales for Palisade Homes reflect the current national market of a shortage of homes for sale. In a market as small as Palisade homes, there was 8 less listings at the end of November 2015, compared to 2014, but 7 more sales in 2015. The numbers indicate the buyers are there but a shortage of available homes is impacting the sales. In 2014 there was 8.4 months supply of inventory (MSI), but in 2015 it is down to 5.4 months supply.
In 2014 it took an average of 150 days to sell a Palisade Home, in 2015 it took 91 days. At the end of November 2014 there were 51 homes for sale and this November only 36.
|Median Sales Price||219,900||496,000|
|Average Sales Price||228,200||517,174|
|% of List Price Received||96.6%||95.0%|
|Days on Market||150||91|
|Inventory of Homes for Sale||51||36|
|Months Supply of Homes||8.4||5.4|
Palisade offers a rural lifestyle, mountain vistas, wine vineyards and fruit orchards. Palisade is known as the “Fruit and Wine Capital of Colorado”.