Woodland Park/Teller County Market Update – November 2019
Commercial Real Estate sales volume of $18.6M with 16 transactions YTD in 2019 in Woodland Park is down 31% compared to $26.9M sales with 13 transactions YTD in 2018. Residential Real Estate sales in Teller County of $119M YTD in 2019 was up 29.3% compared to sales in 2018 of $92M. Sales Taxes were down 4% YTD in 2019 compared to taxes collected YTD in 2018. New developments include a new 64 room Microtel set to open November 2019, Charis Bible College completes $20M acquisition of adjacent land and buildings, multiple casinos are expanding in Cripple Creek and new “small home development” completes purchase of 6.5 acres.
Woodland Park/Teller County Market Update
VELOCITY (Source � TCTA )
SALES TAX INDICATORS (Source – City of Woodland Park)
VACANCY RATES
CAP RATES
RESIDENTIAL REAL ESTATE
DEVELOPMENTS
- New 64 room Microtel set to open November 2019
- Charis Bible College completes $20M acquisition of adjacent land and buildings
- Multiple casinos are expanding in Cripple Creek
- New “small home development” completes purchase of 6.5 acres