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Grand Junction, CO Real Estate News

By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
 Three warehouses, 3 retail, 3 office buildings, 1 office/retailbuilding, 3 apartment buildings and 2 vacant land parcels.Grand Junction had 13 commercial real estate sales for July 2016. June sales were the strongest all year with a total of 23 sales.  Mesa County's Jump Start Tax Incentive program is creating opportunities for businesses to move to Grand Junction.  So far 6 businesses have qualified for the Mesa County Jump Start program.  Grand Junction commercial real estate is staying stable.     SQ. FT.    Land size       Price $             Use PPSF Address 10 150 2.71 1,150,000 Warehouse 113.30 783 Valley Ct. 5902 0.10 515,000 Retail 87.26 644 Main St. 4332 0.26 278,000 Apartment 64.17 2901 Dawn Dr. 1877   220,000 Office 117.21 132 Walnut Ave. #E 3600 1.02 415,000 Warehouse 115....
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
     Grand Junction Homes Sales for January Were 495.The figures include Grand Junction, Redlands,  Fruita, Palisade and the rural areas.Grand Junction home sales have been strong since early spring as tight inventory has pushed up home values and created a very strong seller market.  Area # Transactions Average Price Median Price PPSF  GJ City 73 163,341 155,000 129.00  Clifton 29 138,795 145,750 110.00 Fruita 68 258,464 245,000 146.00 Fruitvale 89 199,807 187,000 126.00 Mall 52 271,710 230,750 147.00 North 37 256,821 269,500 134.00 Orchard Mesa & EOM 41 228,155 196,000 136.00 Palisade 19 233,500 230,800 160.00 Redlands 61 376,741 361,100 155.00 Rural 26 308,490 370,000 138.00 Report courtesy of Land Title with information from Mesa County records, believed to be reasonably accurate bu...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
  June 2016 Was The Highest Month Of New Home SalesTight inventory and low interest rates has buyers turning to building new homes.  June sales are the highest so far this year with a total of 34 new homes.Heritage Estates had 4 sales, Brookwillow 3, Chipeta Heights 2, Stagecoach trail had 2.The average price was $262,606 with the average per square foot cost of $146.58.  The gross volume was $8,928,600.  Bed/Bath SQ.FT Price Subdivision PPSF Address 3/2.25 2443 380,000 Retherford Estates 155.55 594 Jesse Way 3/2 1383 209,000 Halls Estates 151.12 649 Tammera Lane 3/2 1526 220,800 River Trail 144.69 390 White River Dr. 4/2 2002 289,900 Mahan Manor 144.81 298 Marie St. 2/1.75 1443 253,000 Mesa Estates 175.33 2835 1/2 Trevor Mesa 3/2 2273 323,000 Chipeta Heights West 142.10 210 Basalt Ct. ...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
Grand Junction commercial real estate sales were very strong for June 2016 with a total of 23 sales. The breakdown is: 3 office, 3 office/retail, 2 restaurants, 2 warehouses, 4 retail, 3 office/retail, 1 mixed-use, 1 lodging, 3 apartment buildings and 4 vacant land parcels.Sales for 2016 are as follows:  January 10, February 11, March 18, April 13, May 17.Mesa County's Jumpstart Initiative has assisted  several new businesses in relocating to the Grand Valley.  SQFT Land Price Use PPSF Address 2568 0.12 290,000. Retail 122.93 504 28 1/4 4052 1.13 1,175,000. Restaurant 289.98 555 Jurassic Ct.  14000 1.65 750,000. Warehouse 53.57 2263 Logos Ct. 2495 .18 50,000. Office 100.20 602 Bookcliff Ave. 4363 .07 130,000. Retail 29.80 319 S. 2nd St. 7406 1.91 300,000. Lodging 40.51 547 Hwy. 50 1416 ...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
 The Summer Hill Community in North Grand Junction is one of the premier "Lock and Leave Lifestyle" neighborhoods. 2676 Summer Hill Court in the Summer Hill community sold on August 18th with Sandra Mathewson representing the buyer.  The home was built in 2013 and has 2082 square feet with 3 bedrooms, 2 baths, office and two car garage.  Upgraded granite, wood flooring, custom window treatments were some of the interior amenities.  The backyard had its own privacy wall and overlooked a wetland area.  A walking trail is just outside the back gate and traverses the surrounding neighborhood.  The home was listed for $400,000 and sold for $395,000.Features of the community start with the incredible vistas of the Bookcliffs , desert landscape, ponds and wildlife.  The homes are Energy Star R...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
 GRAND JUNCTION HOME SOLD $199,900 Sandra Mathewson of RE/MAX 4000, Inc. sold 2788 Milo Drive in Grand Junction.  The selling price was $199,900.The  home is beautifully updated with 4 bedrooms, 2 baths  with a 2 car garage on .21 lot.An open floor plan, new paint, new carpet and a new kitchen makes the home very livable.In the back there is an a large wooden deck, two sheds and plenty of space.  
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
  There were 6 warehouse sales, 2 mixed use, 5 office, 2 apartment buildings, 1 retail and 1 vacant land. Grand Junction Commercial Sales Report May 2016Commercial sales for May 2016 were 17.  A big increase in warehouse sales is very promising for the Grand Junction economy. SQ FT Land Price Style PPSF Address 5202 .94 505,000 warehouse 97.08 716 Scarlet 6491   780,000 office 112.38 235 N. 7th 976 .14 178,000 mixed 182.38 1211 Colorado 2000   47,500 warehouse 23.75 2869 Aviators Way 3780 .10 242,500 retail 64.15 126 S. 5th 9500 4.22 1,250,000 warehouse 131.58 2201, 2203 H Road 2516 .49 210,000 mixed 83.47 2383 Broadway 3600 .64 250,000 warehouse 69.44 2978 Gunnison 1120   89,000 warehouse 79.46 569 S. Westgate 2292   349,900 office 152.66 2478 Patterson 4809 .14 350,000 office 72.78 42...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
 Grand Junction New Home Sales Still StrongLow inventory of Grand Junction homes is pushing buyers to new homes.The average price was $282,835, average PPSF $150.66, median price$262,000 with gross volume of $8,767.00.  Bed/Bath Sq. Ft. Price Subdivision PPSF Address 4/2.50 1792 249,900 Heritage Heights 139.45 2488 Tiptop Ave. 3/1.75 1552 195,400 Legacy II 125.90 495 Blair St. 3/2.00 not given 211,500 River Trail   -- -- 382 White River Dr. 3/1.75 1439 $230,000 Heritage Heights 159.83 2486 Tiptop Ave. 3/2 1619 248,400 Heritage Heights 153.43 2475 Tiptop Ave. 5/3 2722 469,900 Greystone Estates 172.63 2513 Greystone Dr. 3/2 1523 197,700 Legacy II 129.81 497 Blair St. 3/2 1673 230,000 Hollow Creek 137.48 565 Birchwood St. 3/2 1893 298,500 Copper Creek 157.69 2489 Josefine Lane 4/2 2027 278...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
Colorado Real Estate Contracts Contain Provisions For Due Diligence, But What is it?When Purchasing a Grand Junction Home, There Are a Lot of Responsibilities For The Buyer And Due Diligence is Much More Than a Home Inspection.When you have an accepted offer for your new Grand Junction home, the clock starts ticking.  Page 2 and 3 of the Colorado Real Estate contract contains a list of action items also known as contingencies and a corresponding date to be completed by and accepted by buyers and sellers.  It is important that every action item on the list with a date next to it be met.  For many of the items, there is a date for it, a date to object to it and a date for a resolution between buyer and seller.The first action item is a title commitment from the specified title company.  T...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
Grand Junction Closed 25 New Homes in April 2016.  The Top Subdivisions were Heritage Heights and Greystone.A Shortage of Inventory Continues to Affect the Grand Valley Housing Market. Bed/Bath SQ FT Price Subdivision PPSF Address 3/2 1640 249,900 Heritage Heights 152.38 2481 Tiptop Ave.  3/2 1835 325,000 M&B Sec. 25 & 26-2-1 177.11 4740 Blue Sage Dr.  4/2 2195 419,900 Greystone Estates IV 191.30 2521 Greystone Dr. 5/3 2649 483,500 Greystone Estates IV 182.52 2545 Riata Ranch Ct. 4/2 2215 415,600 Greystone Estates IV 187.63 781 Foxtail Road 3/1.75 1505 193,000 Countryplace Estates 128.24 418 Bear Dance Dr. 3/2 1310 182,200 Pear Meadows 139.08 3033 Prickly Pear Dr. 3/2 2247 330,300 Copper Creek 134.98 2492 Josefine Lane 4/2 2122 365,000 Canyons in Loma 172.01 1344 Lutes Crossing 3/2 2213...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
Grand Junction Homes and Real Estate Market is Heating up as a Shortage of Inventory is Boosting Sales345 Homes Were Sold in March 2015.  This Includes Homes in Grand Junction, Clifton, Redlands, Palisade, Fruita, Loma and Mack.An increase of 135 Grand Junction Homes were sold from February 2016. Area # Transaction Average Price Median Price Average PPSF City GJ 38 188,409 190,200 129.00 Clifton 21 137,210 139,450 104.00 Fruita 34 193,333 180,000 127.00 Fruitvale 82 176,391 176,000 116.00 Mall 42 326,612 259,200 151.00 North 26 260,622 259,750 124.00 Orchard Mesa & East OM 33 227,487 192,950 125.00 Palisade 10 217,286 239,000 134.00 Redlands 39 350,478 304,750 161.00 Rural 20 319,242 329,350 166.00 Are you looking for a Grand Junction Home or have a home to sell?  Call Sandra (970) 261-...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
Grand Junction Commercial Real Estate SalesThere were 18 commercial real estate sales in March 2016.  Six Retail Sales, Five Vacant Land,  and Two Apartment Buildings.  Commercial real estate in Grand Junction has seen an increase over 2015 sales.  The Jump-Start Tax Initiative, and more people moving to the Grand Valley are fueling growth.   SQ FT. Land Price Style PPSF Address  9517 17.55 3,875,000 Retail 407.17 2980 Hwy. 50 16425 0.13 540,000 Retail 32.88 128 N. 5th St. 9180 1.07 920,000 Retail 100.22 2776 Acrin Ave. 7506 0.63 350,000 Misc. 46.63 119 Pitkin Ave. 6840 1.18 2,140,000 Retail 312.87 3201 Hwy. 6 & 24 3040 0.14 309,000 Office 101.64 2513 Weslo Ave. 3080 0.21 252,500 Apartment  81.98 424 N. 22nd St. 5991 0.83 775,000 Office 129.36 610 25 Road 1500 0.03 247,500 Retail 165.00...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
 Grand Junction New Home Sales are Rising!26 New Homes Closed in March 2016Demand is increasing for new homes with March kicking off the selling season higher than expected.  Bed/Bath Sq. Ft. Price Subdivision PPSF Address  5/2 1896 274,900 Heritage Heights 144.99  2493 Tiptop Ave.  3/1.75 1596 239,900 Beehive Estates 150.31 609 Silverado Drive  3/2.5 2551 469,000 Spyglass Ridge 183.85 2689 Lookout Lane 4/2.75 2094 224,000 Mesa View 106.97 2999 Redbud Court 4/2.75 2939 493,500 Little Bear 167.91 807 26 Road 3/2 1724 243,000 Stagecoach Trail 140.95 636 Bradford Dr. 3/1.75 1342 190,000 Deerfield 140.95 3273 Deerfield Ave. 5/2.5 2680 441,500 Greystone Estates 164.75 2537 Riata Ranch Ct. 3/1.75 2082 339,900 Summer Hill 163.26 2677 Summer Hill Ct. 4/2 2051 305,000 Elmwood Heights 148.71 137 ...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
Las Colonias Park Awarded $1.6M for Music Venue And Will Become a Major Attraction.Grand Junction Las Colonias Park is a 123 acre park and is located along the banks of the Colorado River.  The park has a rich and diverse history, and is situated upstream from the namesake of the community, the confluence of the Gunnison and Colorado Rivers.  Las Colonais was formerly used as a migrant farm housing then a uranium mill which produced 2.2 million tons of radioactive tailings.  At the western end is the 15 acre Watson Island which was used as a junkyard until the 1980's.  Today, Watson Island is a 18 hole disc golf course.Grand Junction was recently awarded a $1.6 million grant from the Colorado Department of Local Affairs specifically for the creation of an outdoor amphitheater at Las Col...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
Home Sales in Grand Junction February 2016Grand Junction is the ideal place to live.  Grand Junction homes offers the best recreation for biking, hiking, skiing, camping, fishing and more.  Five beautifully designed  golf courses, 22 wineries in the area and a tree-lined downtown with sidewalk cafes and art installations.  Find your new Grand Junction home now!Grand Junction new homes sales are still strong, with 19 homes closing in February 2016.  Area # Transactions Avg. Price Median Price Avg. PPSF  City 24 144,595 147,750 111.00  Clifton 16 140,047 123,451 101.00 Fruita 21 197,753 210,000 140.00 Fruitvale 51 173,934 177,200 112.00 Mall 17 257,044 210,000 131.00 North 18 280,956 273,400 136.00 Orchard Mesa & East Orchard Mesa 18 236,606 223,500 125.00 Palisade 5 359,625 364,250 188.0...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
Commercial Real Estate Sales February 2016The top sale in Grand Junction for February  was $7,379,700 was for a retail mall in the heart of the shopping area.  Grand Junction Commercial Real Estate is staying steady.  There were 3 retail sales, 1 apartment, 2 lodging, 1 bulk condo, 1 office space and 2 vacant land parcels.  GGrand Junction is the place to bring your business.  Mesa County is offering a generous tax credit program called "Jump-Start Mesa County".   The Grand Valley area offers world class recreation, top health care and an affordable homes.  SQ. FT Size Price $ Type Buyer PPSF  $ Address  30,634 3.4 7,379,700 Retail Blueroad Net Lease LLC 240.90 585  24 1/2 Road  19,760 0.59 1,000,000 Retail 2463 Hwy 6 & 50 LLC 50.61 2463 Hwy 6 & 50 8,704 2.44 1,430,000 Apartment Maveric...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
Grand Junction Sold 19 New Homes in February 2016To find out more about Grand Junction new homes or available inventory of homes, call Sandra (970) 261-1686.  Grand Junction offers a great selection of subdivisions, price ranges and lifestyles.      Bed/Bath SQ FT Price $ Subdivision PPSF $ Address 3/2 1361 192,100 Columbine Cottages 141.15 2812 Alta Ct. 3/2 2046 300,000 Chipeta Heights West 146.63 215 Basalt St. 4/2.75 2224 299,500 Chipeta Heights 134.67 212 Basalt Ct. 4/2 1729 254,900 Stagecoach Trail 147.43 639 Bradford Dr. 4/2.5 2028 307,500 Chipeta Heights West 151.63 208 Basalt Ct. 3/1.75 2005 359,000 Summer Hill 179.05 899 Spring Crossing 3/2 1407 188,500 Chatfield IV 133.97 3157 Bulla Ct. 3/2 1216 157,000 Pear Park 129.11 448 Pear Lane 3/2 1793 265,000 Walnut Estates 147.80 2927...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
Grand Junction Home Sales by Area January 2016Palisade Homes, Fruita Homes, Grand Junction Homes, Redlands Homes and more.Living in the Grand Valley is truly a rewarding lifestyle.  We have moderate weather, spectacular scenery, a variety of outdoor recreation and wide open spaces.Find your Grand Junction Home, call Sandra (970)261-1686 today!   Area # Transactions Average Price $ Average $ PPSF  Grand Junction City 30 172,231 134.00  Clifton 8 123,771 101.00  Fruita 28 235,490 139.00 Fruitvale 51 156,499 111.00  Mall 14 238,527 146.00 North 17 286,764 120.00  Orchard Mesa & EOM 19 197,300 122.00 Palisade 10 338,300 209.00 Redlands 22 312,300 142.00 Rural 9 246,000 143.00 If you are looking to buy or sell your home in the Grand Junction area, call Sandra for a personal consultation (970...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
LaunchWestCO.com, is Connecting the Tech Industry of Western ColoradoLaunchWestCO was a way to take inventory and find more entrepreneur, start-up minded people, developers, and graphic designers in Western Colorado.  LaunchWestCO was established by founders Josh Hudnall and Brian Watson over a year ago.  Since then over 300 people and tech companies have logged onto the network.  The network, Watson calls a digital density, brings the industry together that's spread over such a wide area.So if you're looking for a co-founder, register for free at LaunchWestCO.com and you can find a developer that can bring your idea into fruition.  Or, if you're a developer and need a business idea you can find that person on the website.LaunchWestCO is bringing the tech industry together through sever...
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By RJ Baxter, 303-670-0137
(Clear Path Home Loans)
The Grand Junction, Colorado Reverse Mortgage can be one of the most powerful retirement planning tools available to retirees. Not only will you no longer have a mortgage payment for the rest of your life with a reverse mortgage, but studies show that retirees with a CO Reverse Mortgage on average end up with a higher net worth upon their death.There have been extensive studies on the effect of today’s reverse mortgage on the financial well-being of retirees. In fact, in one study by Barry and Stephen Sacks shows that while 45% of retirees without a reverse mortgage outlive their money in retirement, only 15% who have a reverse home loan outlive their money. You may have had parents or grandparents who were in this position- do you want to outlive your retirement assets? The Grand Junct...
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