Grand Junction/Mesa County Market Update – September 2020
Commercial Real Estate sales volume of $62M with 82 transactions through the first half of 2020 is down 24% compared to sales in 2019 with 126 transactions worth $81.3M. Residential Real Estate sales for Mesa County in the first six months of 2020 of $512M are down 1% compared to sales in the first half of 2019 of $519M. Sales Taxes in the first six months of 2020 were down 6.1% compared to taxes collected in the first two quarters of 2019. New commercial real estate projects include the development of 734 Main in downtown Grand Junction. BLM headquarters is now open and hiring. Recreation industry was seeing a spike in sales in May and June. The highest number of commercial building permits were pulled since 2009, largely due to multi-family projects.
GRAND JUNCTION/MESA COUNTY MARKET UPDATE
VELOCITY (Source – Mesa County Assessor)
MESA COUNTY SALES TAX INDICATORS:
CAP RATE
CAP RATE
MESA COUNTY RESIDENTIAL REAL ESTATE
DEVELOPMENTS
- Development of 734 Main St. in Downtown Grand Junction
- BLM headquarters is now open and hiring
- Recreation industry was seeing a spike in sales in May and June.
- The highest number of commercial building permits were pulled since 2009, largely due to multi-family projects.
