Market Updates
Developments – What is happening Expansion of Montrose Airport Terminal in process and almost complete Black Canyon Boy & Girls Club purchased Casacade Movie complex to move into Montrose Regional Hospital to build ambulatory care center Marriott Fairfield Inn is in process of being built 2021 Q4 2022 Q4 %+- VELOCITY (Source – MLS)......
PUBLIC POLICY CHANGES Summit County & Town of Dillon put in place STR restrictions DEVELOPMENTS Breckenridge Market Update 3rd Quarter 2022 $300M Keystone Kindred project breaks ground 4th Street Crossing North (Silverthorne) has begun construction. Aiden West in Silverthorne has been approved. Subsequently sell their land. 2022 Q3 YTD 2022 Q3 YTD %+-......
One of the greatest benefits of working with an RMCRE Broker for commercial real estate deals is the strength of our network and expertise across the western slope of Colorado. The recent opening of Osake Steak and Sushi Bar in Salida is an excellent example of the collaborative work between our partners. Kirk and Paula Coult, owners of Bankok......
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......