Market Updates
Chase Branches in Western Colorado Chase Bank has expanded into Western Colorado in the past few years, with branches in Aspen, Vail, Avon, and soon-to-be Telluride. Chase is committed to supporting the communities they operate in, with access to a vast and growing network of capabilities and expertise. Local Chase Business Banking experts give business......
Please find the October 2022 real estate residential market reports for Garfield, Mid Valley, and Pitkin Counties below from Land Title. As Commercial Real Estate Brokers, we also closely track residential market numbers as indicators for the commercial markets in counties across Colorado. Land Title is one of our affiliates that we lean on for......
Lack of inventory continues in Steamboat Springs. 60% of all closings were CASH. Short-Term Rentals is an issue. Steamboat City Council continues discussion. The City of Steamboat Springs is considering dormitory type housing to be built in Industrial Zoning. In addition: 65 Live/Work units and Industrial lots proposed at entrance of Steamboat Springs......
2021 Q3 2022 Q3 %+- Commercial Sales Volume $12,620,000 $9,553,605 -32.10% Commercial Transactions 5 8 37.5% VACANCY RATE n/a n/a CAP RATE n/a n/a SALES TAX INDICATORS All Sales Tax n/a n/a Lodging Taxes n/a n/a Market Comparisons Shown by Number of New Contracts and Dollar Amounts Click here to download the......
Chaffee County remains a strong market but is seeing some signs of the slowing and changes within the County. Commercial Real Estate sales volume of $21,702,500, with 23 transactions (YTD) through the third quarter of 2022, down by 51% compared to 2021 having $44,674,558 in sales volume consisting of 56 transactions. Residential Real Estate sales......
Montrose continues to enjoy a thriving real estate market. Here are a few recent developments: Expansion of Montrose Airport Terminal is in process. Black Canyon Boy & Girls Club purchased Casacade Movie complex to move into. Double Barrel Taco purchased 10 South Park to expand into. 2021 Q3 2022 Q3 %+- VELOCITY (Source – MLS......
PUBLIC POLICY CHANGES Mesa County – Measure 1A: A measure to allow for the expansion of the county’s capital fund for the purposes of using it to help refund revenues that exceed the TABOR limit to Mesa County residents. Grand Junction Measure 2A: A measure to increase lodging taxes by 1% with the funds going......
A few policy updates for the Delta County: The School Bond Issue on Ballot to fund capital improvements to local schools. The median sales price increased by 12.7% from same last quarter on housing. Lots of new commercial construction is underway: In the northeast area near the hospital: 9,000 sf River Valley Medical Clinic has......
Our RMCRE partners are heavily involved in their communities and seek to make a difference in so many people’s lives. They sit on boards for nonprofits and financially contribute to organizations that make an impact. The Gold Crown Foundation is one such organization. Founded in 1986 by former Denver Nuggets Player Bill Hanzlik, and Denver......
Ron Wendler lives in Steamboat Springs and has been a member of Rocky Mountain Commercial Real Estate since 2011. He has a magnetic way of genuinely connecting with clients and building trust quickly. This year has been full for Ron. Besides having a full knee replacement, finishing an addition on their house in Hahn’s Peak,......