News

Check out market updates

Delta County Market Update – September 2020

Commercial Real Estate sales volume for Delta County of $2.1M YTD in 2020 is down 45.5% compared to sales YTD in 2019 of $3.8M. Residential Real Estate sales of $64M YTD in 2020 is down 12.6% compared to sales YTD in 2019 of $73.3M. Sales Taxes in City of Delta are up 6.9% YTD in 2020 compared to taxes collected YTD in 2019. Elyse Casselberry has accepted the City Manager’s position for Delta and started at the end of August 2020. One Delta County will be under the leadership of Elyse Casselberry. The first apartment complex to be built in the last 10 years has been approved. The apartment project includes construction of 72 apartment units in 9 8 Plex buildings with pool at market rentals. The project to break ground May 2020 depending on lender approval.

DELTA COUNTY MARKET UPDATE

Item
Q2 2019
Q2 2020
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY (Source – MLS)
Item:
Q2 2019:
Q2 2020:
% +/- :
Commercial Sales Volume
$3.8M
$2.1M
-45.5%
Item:
Q2 2019:
Q2 2020:
% +/- :
SC Commercial Transactions
7
11
-57%
DELTA COUNTY SALES TAX INDICATORS (Source – City of Delta, Delta County):
Item:
Q2 2019:
Q2 2020:
% +/- :
City of Delta Sales Taxes
$3M
$3.2M
6.9%
Item:
Q2 2019:
Q2 2020:
% +/- :
Delta County Sales Taxes
$3.3M
$3.2M
-3.5%
Item:
Q2 2019:
Q2 2020:
% +/- :
Lodging Taxes
$22.8K
$17.7K
-22.7%
DELTA COUNTY COMMERCIAL VACANCY RATE:
Item:
Q1 2019:
Q2 2020:
% +/- :
Shoppes at Delta Office/Retail
24.6%
19.1%
-22.4%
Item:
Q1 2019:
Q2 2020:
% +/- :
Valley View Plaza Retail
42.1%
45%
6.9%
DELTA COUNTY RESIDENTIAL REAL ESTATE
Item:
Q2 2019:
Q2 2020:
% +/- :
Residential Total Sales
$73.3M
$64.1M
-12.6%
Item:
Q2 2019:
Q2 2020:
% +/- :
Residential Transactions
290
236
-18.6%
Item:
Q2 2019:
Q2 2020:
% +/- :
Residential Average Price
$255,945
$273.582
6.9%
Item:
Q2 2019:
Q2 2020:
% +/- :
Residential Days On Market
113
132
16.8%
Item:
Q2 2019:
Q2 2020:
% +/- :
Residential Listed for Sale
248
392
58.1%
PUBLIC POLICY UPDATE
  • Elyse Casselberry has accepted the City Manager’s position for Delta and started at the end of August 2020.
  • One Delta County will be under the leadership of Elyse Casselberry.
  • The first apartment complex to be built in the last 10 years has been approved. The apartment project includes construction of 72 apartment units in 9-8 Plex buildings with pool at market rentals. The project to break ground May 2020 depending on lender approval.

Signup for FREE Market Report

About The Author

Lucinda Stanley, Grand Mesa Real Estate Services

Lucinda Stanley has been a commercial real estate professional since 1984. She is the owner of Grand Mesa Commercial Real Estate in the Delta County area. Her commercial real estate company has been in the Delta area since 2011 and has helped many small businesses by providing guidance to match their business goals. From commercial leasing and real estate sales, business consultations, land acquisitions and commercial property management services, Lucinda Stanley customizes her services to help further her client’s success.