Developments – What is happening Market has been extremely strong. Lots of monies from from out of state area coming into Montrose Area. There is not much inventory either for sale or lease. Several of these transactions were Owner Carry. On the downside, several other transactions were terminated due to conventional financing interest rates. Overall,......
Developments: The surge in apartment construction was particularly evident in the southern and eastern regions of Downtown Colorado Springs, along the Powers Blvd. corridor, and in the rapidly expanding northern part of the city. In 2023, interest rates rose as the Federal Reserve aimed to control inflation, adversely impacting the housing market in Colorado Springs.......
NOTES: As 2023 ends, the buyers’ demand for commercial real estate is still in high demand but prices are softening depending upon inventory, type of use, and price. The commercial real estate market in Steamboat traditionally follows residential market trends but at a slower pace and it has also slowed for all the same reasons.......
NOTES: During the first seven months of 2023, we’ve seen an increase in inventory leading to some softening in prices, but still a significantly stronger market then pre-pandemic levels prior to 2020. At the end of July, the total number of residential properties on the market for sale throughout the Aspen Snowmass market was 22%......
DEVELOPMENTS The Air Force decided that U.S. Space Command’s permanent headquarters will remain in Colorado Springs, instead of moving to Huntsville, AL. A developer’s plans to build nearly 500 additional homes and more business space in an existing undeveloped subdivision near Peterson Space Force Base on Colorado Springs’ east side earned unanimous approval on Tuesday......
DEVELOPMENTS Clifton Mesa County Sheriff’s Office (project completed): The new 3,500 sq.ft. substation at 126 2nd Street will provide quicker response times and more frequent patrolling. Clifton Branch Library (under construction): The new library will be built next to Rocky Mountain Elementary School at 3270 D½ Road. The 17,800 sq.ft. library will be about three......
The momentum remains slow however market values continue to be stable due to continued shortage of commercial properties for sale. Commercial properties in Telluride are typically an education process and therefore are slower to transact, we continue to see this slow momentum. Higher interest rates are also slowing down buyer momentum. 2022 Q2 2023......
Developments – What is happening Market has slowed but still stronger. There is more inventory and price reductions in all categories. Working on several tax protests with some very positive success. Enstrom Toffee is open. Marriott Fairfield Inn will be completed this Fall. New airport terminates with baggage claim should be completed this fall. ......
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......