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......
Developments – What is happening There is a lot of cash that is coming into the area. Montrose has been found. But also interest rate environment has effected the more local buyer in the area. There has been an increase in inventory on Commercial property both for sale and lease. Residential inventory has continued to be......
DEVELOPMENTS & COMMUNITY NEWS: As planned, the Mid Valley housing project includes 84 for-sale condominiums and 150 apartment units for rent. All 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 come......
PUBLIC POLICY The resolution firmly asserted that Colorado Springs would not adopt the Sanctuary City status, citing the City’s consistent recognition as one of the best places to live and United States, with its cherished safety and quality of life for law-abiding citizens. We’re continuing to see affordable housing projects to get funding/traction. DEVELOPMENTS Continued......
The Aspen Snowmass residential market has slowed to pre-COVID levels in terms of the number of closed transactions. Average and median residential sold property prices throughout Pitkin county have stabilized after the big increase in values from mid-2020 through mid-2022. On the commercial side, retail rents in downtown Aspen continue to set records with the......
NOTES: Residential Market has held prices steady while supply continues to decline. Buyers have a smaller market to buy from and rates haven’t come down yet. Commercial sales have stalled somewhat with investors looking for higher cap rates and more seller financing deals. Affordable housing is still the goal with sellers still asking higher prices......
PUBLIC POLICY CHANGES Mesa County Measure 1A, 1B, 1C, 1D: A measure to allow elected candidates for Assessor, Clerk and Recorder, Surveyor, and Treasurer to expand term limits for that office by one additional year (for a max. three terms): 34.21-39.5% yes/60.5-65.8% no City of Grand Junction Measure 2A: A measure to allow members of......