Roaring Fork Q4 2023 Market Report

Posted on February 13, 2024 by Shilo Bartlett, Slifer Smith & Frampton in Market Updates

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 than are moving. Days on market have gone up.

	2022 Q4	2023 Q4	%+-
VELOCITY (Source – RE Colorado / Matrix)
Commercial Sales Volume	$239,173,660	$6,654,000	+51%
Commercial Transactions	411	531	-23%
VACANCY RATE	N/A	N/A	N/A
CAP RATE	N/A	N/A	N/A
SALES TAX INDICATORS (Source – City of Glenwood Springs)
All Sales Tax	N/A	N/A	N/A
Lodging Taxes	N/A	N/A	N/A

About The Author

Shilo Bartlett, Slifer Smith & Frampton

Shilo Bartlett grew up in the Roaring Fork Valley of Colorado and has experience within the Glenwood Springs market for many years. She has deep roots with the local community and has worked in the business sector for over a decade. Her background is in the commercial and industrial real estate markets.