March 2022
Developments – What is happening · Bluecorn Beeswax purchased 1842 South Townsend Ave remodel · Marriott – Springfield to start construction this Spring · Airport terminal expansion in process; hope to completed by the end of year · Several Residential Development is starting to happen 2020 YTD Q4 2021 YTD Q4 %+- VELOCITY (Source –
PUBLIC POLICY CHANGES Measures 1C – PASSED – Mesa County passed this ballot with 53% for the vote to allow cultivation, manufacturing, and testing facilities of marijuana. School District 51 Measure 4B – APPROVED, construction is planned to start in Fall of 2022 on the new Grand Junction High School. Homeowners of a $300,00 home
Downtown Delta has started downtown demonstration project of improving traffic flow, pedestrian friendly, redirecting large truck traffic. Delta closed on 6.5 acres for affordable 62 and over 1 bed 1 bath apartments. 2020 YTD 2021 YTD %+- VELOCITY(Source – MLS) Commercial Sales Volume $6,273,900 $17,953,750 65.1% Commercial Transactions 26 40 35% RESIDENTIAL REAL ESTATE Residential
The economy and real estate market in the Aspen Snowmass area continued to strengthen in 2021 over 2020. New all-time records were set for retail, restaurant and lodging sales, as well as new records for real estate sales. Sales tax receipts were up 30.4% over 2020. Residential property sales hit $3.7 billion a 12.5% increase
PUBLIC POLICY CHANGES * Towns and County have implemented Short-term rental restrictions* Towns/Summit County has established workforce housing as a top priority DEVELOPMENTS * Breckenridge Gondola lot Development approved for 300,000 s.f. developemnt * Keystone Gondola parcel development is proceeding Commercial RE Velocity (Source – Land Title Guarantee Company) 2020 YTD 2021 YTD %+- Commercial
The Commercial and Residential overall market conditions in Steamboat Springs and surrounding areas has been very strong for Sellers. 2020/21 was the strongest I have seen in the 25 years I have been selling real estate in the Steamboat Springs area. Industrial/commercial space has been severely impacted, with virtually no listings to choose from. With very little new construction
