News
This current market segment experienced strong upward movement in value for the years of 2020-2022 and several properties traded during this timeframe. During this timeframe, we saw a shortage of new available properties in this market segment and this drove pricing upward. The momentum has slowed considerably however market values are currently stable due to......
NOTES: The Yampa Valley Housing Authority’s Mid Valley project, an effort to build workforce housing for the “missing middle,” is getting a $4 million boost from a state grant. ● 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......
DEVELOPMENTS City of Delta with One Delta County Economic Alliance is starting a workforce housing project on 7 acres. Working on grants funds and design now. City of Delta was awarded over $13 Million for Main St / Hwy 50 downtown street improvements New Industrial Park planned. Received grant funds for infrastructure on 16......
PUBLIC POLICY CHANGES Retail marijuana licenses: Voters approved a measure allowing recreational marijuana stores in the city in April 2021. City Council approved the process by which licenses would be chosen in May 2022. During the application period, which closed June 8, 2022, the city received 47 applications, 29 of which were approved for the......
NOTES: The Commercial real estate sales in Routt County holding steady but inventory is low. There is room for new construction if you can find the land to do so. There will be redevelopment happening around the corner. There are a lot of retail spaces changing hands, and restaurants, Breweries, and Distillers are coming alive.......
Chaffee County remains a strong market with keeping fairly consistent with sales volumes compared to this time a year ago within the County. Commercial Real Estate sales volume of $3,698,644, with 6 transactions (YTD) through the first quarter of 2023, down by 28% compared to 2022 having $5,104,000 in sales volume consisting of 5 transactions.......
Developments – What is happening The Montrose market has been mixed. There are still several cash buyers that are looking for properties in the area. Interest rate increases purchases requiring a loan. The economy has been strong with lots of people and businesses moving into the area. 2022 Q1 2023 Q1 %+- VELOCITY (Source......
2022 definitely felt some shock waves from the Fed’s manipulation of the market, but liquidity seems to be holding the foundation together. Hospitality groups are seeing record breaking revenues and Grand Junction still seems to be attracting lifestyle movement at a healthy rate. Business opportunities seem to be ripe for acquisition and with turmoil in......
Exciting News! Bank of the West and BMO Harris Bank have joined forces. BMO is a 200+ year old banking institution, that are located in Canada and the U.S. We are now in 32 states and the eighth largest bank in the U.S. and the fourth largest Commercial Bank in the U.S. We now have......
After a successful career as an attorney and top commercial real estate broker in downtown Washington, DC, William Small relocated to Denver and in two short years became the second highest grossing commercial broker in the Denver Commercial Board of Realtors. Shortly thereafter, William lived out his childhood dream of living in a ski resort......