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Mesa County Market Update Q4 2021

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 will pay less than $3 a month, along with a state BEST Grant of $10 million, and remaining $19.5 million from the 2017 Bond Measure will assist in offsetting the cost of the estimated $145 million project.

DEVELOPMENTS

  • Under Construction: 26 buildable lots coming to the area new Long Family Memorial Park
2020 YTD2021 YTD%+-
VELOCITY(Source – Mesa County Assessor)
Commercial Sales Volume$142,517,710$300,987,325+111.19%
Commercial Transactions207349+68.6%
RESIDENTIAL REAL ESTATE
Residential Total Sales$1.28B$1.52B+18.75%
Residential Average Price$287,000$330,000+15%
Residential Days on Market5647-16%
Residential Listed for Sale281
219

-22%
MESA COUNTY VACANCY RATEN/AN/A
SALES TAX INDICATORS (Source – City of Grand Junction)
All Sales Tax$57.1M$68.8+20.5%
Retail TaxesUnavailable$18.5 M
Lodging Taxes$1.1M$1.8M+63.6

About The Author

Brian Bray, Bray Commercial Real Estate

Born and raised in western Colorado, Brian Bray is a fourth-generation member of Bray Commercial Real Estate, which was founded in 1946 by his great-grandfather, Sherman Bray. With over 13 years of commercial real estate experience, Brian Bray serves clients in the Grand Junction area.

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