Market Updates
PUBLIC POLICY UPDATE: Custom homes and spec housing being built throughout the county raising the average price for homes. Western Skyways is relocating from Montrose to Delta. Purchased 20,000+ industrial bldg on 6.5 acres. Will relocate employees, over 65 jobs. City of Delta is working on updating their Land Use Code and to implement faster,......
DEVELOPMENTS The first six months of 2024 have continued the 2023 solid market momentum for residential properties in the Aspen Snowmass market. Total residentialsales volume is up 22.7% compared to the first 6-months of 2023. The average property sales price was up 2.1% in Aspen and up a significant 78.7% in Snowmass likely reflecting the......
DEVELOPMENTS Chaffee County has been holding solid in the market comparing sales volumes to this time a year ago within the County. Commercial Real Estate sales volume of $7,816,000, with 10 transactions (YTD) through the second quarter of 2024, down by 12.18% compared to 2023 having $6,918,644 in sales volume consisting of 10 transactions. Residential......
Developments – What is happening Market is still strong but is slowing. There are more listing as well as more price reduction. Inventory is still low and Buyers are still looking to come into the area; but I am see some distressed properties coming on line which I have not seen in some time. ......
Policy The 2024-2028 Strategic Plan draft, published in June outlines Mayor Yemi’s vision for the city’s long-term goals and priorities for the next four years. The plan highlights five specific priorities: public safety, economic vitality, infrastructure, housing solutions, and community activation. Developments: The 39th Space Symposium at the Broadmoor Hotel in Colorado Springs which kicked......
DEVELOPMENTS AND COMMUNITY NEWS: As planned, the Mid Valley housing project includes 84 for-sale condominiums and 150 apartment units for rent. All of the units will be deed-restricted and will target people who are working in Routt County or retired from local employment. 23 acres purchased in front of the Steamboat Springs Airport, Redevelopment to......
PUBLIC POLICY UPDATE: One Delta County still working on 2 industrial sites to develop and an rent to own Affordable Housing project. Mesa Point Subdivision will have 421 homes $1 Million and up in Cedaredge on the back 9 of the golf course is in the preliminary stages for approvals. Lots of push back from......
DEVELOPMENTS Amazon (under construction): 38,475 sq.ft. package delivery station on 11.99 acres. 2023 Q1 2024 Q1 %+- VELOCITY (Source – Mesa County Assessor) Commercial Sales Volume $48,734,300 $45,976,200 -6.0% Commercial Transactions 44 51 16% VACANCY RATE N/A N/A CAP RATE 7.0% 7.0% -0.5% SALES TAX INDICATORS (Source –City of Grand Junction)......
DEVELOPMENTS Chaffee County has seen a slowdown in the market comparing sales volumes to this time a year ago within the County. Commercial Real Estate sales volume of $3,257,000, with 4 transactions (YTD) through the first quarter of 2024, down by 12% compared to 2023 having $3,698,644 in sales volume consisting of 6 transactions. Residential......
Wells Group Real Estate Realtor Justin Osborn Awarded 2023 Regional Commercial Land Broker of the Year Originally from Rockwall, Texas, Justin moved to Durango in August of 1999. He currently resides in Durango, CO with his lovely wife of 21 years and their 2 children. He attended Fort Lewis College where he received a degree......