Market Updates
Commercial real estate in Breckenridge is thriving. We have the lowest vacancy rate for ground floor restaurant and retail space ever at .4. The sales tax, which we consider a leading indicator has never been stronger during ski season with a year over year increase of 41%. The International and National economies are starting to......
The first quarter of 2022 was another extremely strong quarter for real estate sales (both commercial and residential) and commercial leasing in the Aspen Snowmass market. By some metrics, residential real estate values have almost doubled in the past 24-months. Residential inventory is at historically low levels at less than 50% of levels common before......
2020 YTD 2021 YTD %+- VELOCITY(Source – MLS) Commercial Sales Volume $417,500 $5,028,000 91.70% Commercial Transactions 3 8 62.50% RESIDENTIAL REAL ESTATE Residential Total Sales $25,898,268 $29,576,875 14.2% Residential Average Price $247,000 $273,211 9.59% Residential Days on Market 80 42 -90.48% Residential New Listings 99 109 10.1% SALES TAX INDICATORS (SOURCE – CITY & COUNTY......
We’ve had a very exciting real estate market in Crested Butte and Gunnison, Colorado through 2021. Here are a few noteables for the year. 2021 Notable Commercial Sales: The Almont Resort Sixth Street Station Numerous Restaurant and Bar Spaces on Elk Avenue in Crested Butte Numerous Land Properties Two Commercial Investors (unrelated): Mark Walter, Billionaire......
Overall, we have have outstanding months for commercial, residential, condo and land transactions. Here is our real estate market update for Q4 2021. 2020 Annual Total 2021 Annual Total %+- VELOCITY (Source – MLS) Commercial Sales Volume $32,489,664 $37,868,000 14.20% Commercial Transactions 34 29 -17.24% RESIDENTIAL REAL ESTATE Residential Total Sales $548,730,140 $669,421,577 +18.03% Residential......
Developments – What is happening · Bluecorn Beeswax purchased 1842 South Townsend Ave remodel · Marriott – Springfield to start construction this Spring · Airport terminal expansion in process; hope to completed by the end of year · Several Residential Development is starting to happen 2020 YTD Q4 2021 YTD Q4 %+- VELOCITY (Source –......
PUBLIC POLICY CHANGES Measures 1C – PASSED – Mesa County passed this ballot with 53% for the vote to allow cultivation, manufacturing, and testing facilities of marijuana. School District 51 Measure 4B – APPROVED, construction is planned to start in Fall of 2022 on the new Grand Junction High School. Homeowners of a $300,00 home......
Downtown Delta has started downtown demonstration project of improving traffic flow, pedestrian friendly, redirecting large truck traffic. Delta closed on 6.5 acres for affordable 62 and over 1 bed 1 bath apartments. 2020 YTD 2021 YTD %+- VELOCITY(Source – MLS) Commercial Sales Volume $6,273,900 $17,953,750 65.1% Commercial Transactions 26 40 35% RESIDENTIAL REAL ESTATE Residential......
The economy and real estate market in the Aspen Snowmass area continued to strengthen in 2021 over 2020. New all-time records were set for retail, restaurant and lodging sales, as well as new records for real estate sales. Sales tax receipts were up 30.4% over 2020. Residential property sales hit $3.7 billion a 12.5% increase......
PUBLIC POLICY CHANGES * Towns and County have implemented Short-term rental restrictions* Towns/Summit County has established workforce housing as a top priority DEVELOPMENTS * Breckenridge Gondola lot Development approved for 300,000 s.f. developemnt * Keystone Gondola parcel development is proceeding Commercial RE Velocity (Source – Land Title Guarantee Company) 2020 YTD 2021 YTD %+- Commercial......