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401 Meeker St Delta CO 81416 970.874.4421

Real estate sales drop

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An annual report issued by Heritage Title Company indicates the number of real estate transactions in Delta County decreased slightly in 2018. There were 1,059 sales for the year compared to 1,073 in 2017. In total dollar volume, 2018 reported $223 million in real estate sales, a 15 percent increase from 2017. The largest 2018 sale was $3.3 million for a 3,800-acre ranch sold by Farm Credit in Cedaredge.

Foreclosure activity continues to diminish. Filings in Delta County dropped 38 percent from 87 in 2017 to 54 in 2018. Looking forward, the real estate sector could slow more in 2019 when faced with low inventories and the possibility of rising mortgage rates.

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