2021 was the best year ever for Gunnison and Crested Butte commercial real estate transactions.Mark Walter, billionaire owner of the LA Dodgers and CEO of Guggenheim Financial Services invested heavily in local commercial real estate including many high profile restaurant and bar properties located on Elk Avenue, Crested Butte’s main street. Also, Jeff Hermanson, CEO ...
The commercial real estate market traditionally follows residential market trends, at a slower pace. As 2022 gets well underway, the buyer demand for commercial real estate far outweighs supply, just as it did in 2020 and 2021 for residential....
In 2021 many counties across Colorado, commercial real estate inventory became as limited as residential inventory. Properties that had been on the market for years, finally sold, with great velocity in in each quarter. ...
There is great medical commercial real estate activity happening around the Montrose area. Montrose Memorial Hospital has a property under contact to expand, and another medical group is also looking to expand in Colorado Outdoors development. In addition, two car washers are looking to expand in Montrose, and Jimmer’s BBQ sold both real estate and ...
Delta County has seen growth this year already in commercial real estate transactions, and development is beginning for owner/user sites and medical sites, coming out of ground. Tracking those is an indication that the market is coming back. Delta is definitely becoming an attractive place to live affordably, especially for individuals looking for land. Elevate, ...
Mesa County has continued to experience strong growth and a lack of real estate inventory. Industrial, retail office and land development are all still very strong....
Commercial real estate in Breckenridge is thriving. We have the lowest vacancy rate for ground floor restaurant and retail space ever at .4. The sales tax, which we consider a leading indicator has never been stronger during ski season with a year over year increase of 41%. The International and National economies are starting to ...
The first quarter of 2022 was another extremely strong quarter for real estate sales (both commercial and residential) and commercial leasing in the Aspen Snowmass market. By some metrics, residential real estate values have almost doubled in the past 24-months. Residential inventory is at historically low levels at less than 50% of levels common before ...
2020 YTD 2021 YTD %+- VELOCITY(Source – MLS) Commercial Sales Volume $417,500 $5,028,000 91.70% Commercial Transactions 3 8 62.50% RESIDENTIAL REAL ESTATE Residential Total Sales $25,898,268 $29,576,875 14.2% Residential Average Price $247,000 $273,211 9.59% Residential Days on Market 80 42 -90.48% Residential New Listings 99 109 10.1% SALES TAX INDICATORS (SOURCE – CITY & COUNTY ...
We’ve had a very exciting real estate market in Crested Butte and Gunnison, Colorado through 2021. Here are a few noteables for the year. 2021 Notable Commercial Sales: The Almont Resort Sixth Street Station Numerous Restaurant and Bar Spaces on Elk Avenue in Crested Butte Numerous Land Properties Two Commercial Investors (unrelated): Mark Walter, Billionaire ...
