Market Update

Montrose County Market Update – August 2018

Commercial Real Estate sales volume of $8.7M with 35 transactions YTD in 2018 is up 39.1% compared to sales Jan-July 2017 with 16 transactions worth $5.3M. Residential Real Estate sales for $194M YTD in 2018 is slightly up compared to sales Jan-July 2017 of $190M. Sales Taxes are up 5.8% YTD compared to taxes collected

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Gunnison County Market Update – August 2018

Commercial Real Estate sales volume of $1.17M with 5 transactions YTD in 2018 is significantly down compared to sales Jan-July 2017 with 12 transactions worth $10.1M. Residential Real Estate sales for $129M YTD in 2018 is virtually flat compared to sales Jan-July 2017 of $131M. Sales Taxes are up 9.39% YTD compared to taxes collected

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Alamosa County Market Update – August 2018

Commercial Real Estate sales volume of $691K with 3 transactions YTD in 2018 is slightly down 1% compared to sales Jan-July 2017 with 2 transactions worth $685K. Residential Real Estate sales for $6.1M YTD in 2018 are slightly down by less than 1% compared to sales Jan-July 2017 of $302M. Sales Taxes are up 4.3%

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Steamboat Springs Market Update – August 2018

Commercial Real Estate sales volume of $22.2M with 26 transactions YTD in 2018 is up 62.17% compared to sales Jan-July 2017 with 33 transactions worth $8.4M. Residential Real Estate sales for $281M YTD in 2018 are up 12% compared to sales Jan-July 2017 of $314M. Sales Taxes are up 6.6% YTD compared to taxes collected

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Vail/Eagle County Market Update – August 2018

Commercial Real Estate sales volume of $76.7M with 33 transactions YTD in 2018 is down 16.1% compared to sales Jan-July 2017 with 46 transactions worth $49.7M. Residential Real Estate sales for $1,073M YTD in 2018 are slightly down by 3% compared to sales Jan-July 2017 of $1,110M. Sales Taxes in Eagle County are down 21%

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Pagosa Springs/Archuleta County Market Update – August 2018

Commercial Real Estate sales volume of $56.3M with 40 transactions YTD in 2018 is up 1,343.6% compared to sales Jan-July 2017 with 14 transactions worth $3.9M. Residential Real Estate sales for $90M YTD in 2018 are slightly down at 6.2% compared to sales Jan-July 2017 of $96M. Sales Taxes are up 2.38% YTD compared to taxes collected Jan-July 2017. The reason for the big jump in commercial sales is the sale of Springs Resort which was sold to EPR Properties, a specialty REIT based in Kansas City who paid $42.5 million for the property in an off-market transaction. Potential workforce housing initiates are in the works.

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Glenwood Springs/Mid Valley Market Update – August 2018

Commercial Real Estate sales volume of $11.9M with 21 transactions YTD in 2018 is up 112.5% compared to sales Jan-July 2017 with 12 transactions worth $5.6M. Residential Real Estate sales for $178M YTD in 2018 are up 28.7% compared to sales Jan-July 2017 of $138M. Sales Taxes are up 1.68% YTD compared to taxes collected Jan-July 2017. New commercial real estate projects include Oasis Creek Apartments, Glenwood Meadows Apartments. The market is also seeing selloff of commercial properties from the Woodbridge SEC Ponzi Scheme liquidation.

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Grand Junction/Mesa County Market Update – August 2018

Commercial Real Estate sales volume of $78M with 98 transactions YTD in 2018 is up 25.8% compared to sales Jan-July 2017 with 82 transactions worth $62M. Residential Real Estate sales for $527M YTD in 2018 are up 17% compared to sales Jan-July 2017 of $450M. Sales Taxes are up 7.87% YTD compared to taxes collected Jan-July 2017. New commercial real estate development projects include Mind Springs Health, St. Mary's Health Expansion, Strive and Los Colonias Park.

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Woodland Park/Teller County Market Update – August 2018

Woodland Park/Teller County Market Update - August 2018 Commercial Real Estate sales volume of $19M with 18 transactions YTD in 2018 is up 55% compared to sales Jan-July 2017 with 34 transactions worth $19.8M. Residential Real Estate sales for $328M YTD in 2018 are up by 9% compared to sales Jan-July 2017 of $302M. Sales Taxes are up 8% YTD compared to taxes collected Jan-July 2017. New commercial real estate development projects include Natural Grocers that is under construction and opening December 2018, Paradox Brewing expanding their current location in Fall 2018, Charis Bible College to complete 3,200 seat auditorium in Fall 2018, 300 Storage Unit to begin construction in Fall 2018, 50 unit tiny home village to begin construction in Spring 2019 and 18 unit townhome development to begin construction in Spring 2019.

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Breckenridge/Summit County Market Update – August 2018

Commercial Real Estate sales volume of $44.7M with 33 transactions YTD in 2018 is up 65.2% compared to sales Jan-July 2017 with 30 transactions worth $27.1M. Residential Real Estate sales for $720M YTD in 2018 are up 8.6% compared to sales Jan-July 2017 of $663M. Sales Taxes are up 10.4% YTD compared to taxes collected Jan-July 2017. New commercial real estate development projects include Keystone Wintergreen Workforce Housing Project, Peak 8 Luxury Hotel and Condominiums, Town of Silverthorne 4th St. Crossing, Town of Silverthorne Smith Ranch Workforce Housing Project and Keystone Seasons Project.

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