Delta County Q2 2024 Market Update Report
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, easier processes for development plan reviews and approvals to cut down processing time.
Click Here to Download the Full Report
| 2023 Q2 | 2024 Q2 | %+- | |
| VELOCITY | |||
| Commercial Sales Volume |
$4,685,000 |
9,088,375 |
+48.5% |
| Commercial Transactions | 12 | 16 | 25% |
| VACANCY RATE |
20.53% |
9.50% |
-53.7% |
| CAP RATE | |||
| SALES TAX INDICATORS | |||
| All Sales Tax |
$4,898,467 |
$2,788,889 |
-43.1% |
| Lodging Taxes | $53,843 | $24,129 |
-55.2% |
