Wednesday, May 15, 2013

Recent Grand Junction news

The Sentinel reports that:
Home sales in Mesa County plateaued in the first quarter of 2013, but a bump in the median sales price and a drop in foreclosure filings and sales suggest the real estate market is continuing…

Note the number of home sales in the county actually fell slightly year over year for the first quarter, dropping from 580 to 577.


Apartment vacancy rate up; rent payments down
The percent of vacant apartments in Grand Junction hit a more than three-year high in the first quarter of 2013, according to the Colorado Division of Housing.

New Development:

Golf villas capitalize on desire to live near Redlands Mesa course
There’s fresh activity and excitement at Redlands Mesa Golf Course community, where Zag Built recently completed a new sales office near the clubhouse. Zag Built also purchased seven lots from Brightstar Development, the owner of the golf course community, and is currently putting in the infrastructure for golf villas. “We’ve had tremendous interest,” said Mike Zagrzebski with Zag Built. “We expect to have them pre-sold prior to starting.” The infrastructure construction will be done in June, but the sales office has drawings and plans for the villas and is currently talking to prospective customers. All of the homes have three bedrooms and at least two baths and a three-car garage is an option for the lots that can accommodate them.