PUBLIC POLICY CHANGES Summit county is updating the comprehensive plan which will provide direction on land use, development and environmental preservation for the next 20 years. Summit County is auditing STR websites and issuing fines to property owners that do not have valid licenses. They have passed an ordinance that requires permit numbers to be......
The Montrose market been flat or decline commercially. Residentially market is still fairly active on houses lease than $500K. I am excepting a rebound latter this year – interest rate having been coming down and wit the election over. Montrose is well position for the future. There has been a lot of interest in the......
There is a lot of new Construction going on in and around the ski area and downtown Steamboat from High end Townhomes, High end and affordable Condo developments, some commercial components with retail: Preliminary Plat approval on 23 acres located at the Steamboat Springs Airport for Industrial Pak consisting of 25 Lots. Commercial industrial and......
A newly approved annexation, known as the Karman Line, encompasses approximately 1,783 acres of vacant agricultural land in El Paso County. Situated just east of Schriever Space Force Base, the site is planned for the development of 6,500 homes and a variety of mixed-use spaces. HAPPENINGS The Annual Business Snapshot showcased the achievements of the......
Chaffee County has felt the slowdown in the market with Buyers willing to wait with interest rates being up, has held fairly steady in comparing sales volumes to this time a year ago within the County. Commercial Real Estate sales volume of $10,696,000, with 15 transactions (YTD) through the fourth quarter of 2024, is slightly......
PUBLIC POLICY CHANGES ● Mesa County Valley School District 41 Measure 4A: Shall District debt be increased $190M for the purposes of additions and renovation for Fruita Monument High School, Central High School, including adding secure entrances and high-priority repairs. 60.67% Yes, 39.33% No ● Mesa County Valley School District 41 Measure 4B: Shall District......
PUBLIC POLICY • Every four years City Council District boundaries are re-drawn. The districts were last re-aligned in 2020 and the City Clerk is now reviewing the districts ahead of the 2025 General Municipal Election. HAPPENINGS • Presented with a top business award by the Colorado Springs Chamber of Commerce and EDC in July of......
Chaffee County has continued to hold solid in the market comparing sales volumes to this time a year ago within the County. Commercial Real Estate sales volume of $8,691,000, with 11 transactions (YTD) through the third quarter of 2024, is slightly down by 5.72% compared to 2023 having $9,218,644 in sales volume also having 11......
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......