Grand Junction takes a breather from fastest growth, but outlook strong
While agents in other parts of the state were marveling at the strong performance posted west of the divide in Colorado River counties of Eagle, Garfield and Mesa last year, brokers in the region’s big town of Grand Junction were noting a slight cooling off…but one that appears as a respite, not a trend.
Custom home on 35 acres ten miles southwest of downtown Grand Junction is on market at $1.45 million
“We’re maybe down a little now, but we’ll have a good year,” says Sharon Vaughn, who along with husband Larry are part owners of Coldwell Banker Home Owners Realty in Grand Junction. A major factor fueling recent growth—oil, gas and shale oil production in the region—is likely to keep bringing relocations, including to Grand Junction itself, where some employees are willing to commute 45 minutes up the valley to Parachute near many of the energy industry ventures.
Just as on the Front Range, Vaughn says showings and sales saw a noticeable drop last fall that continued through the mid-winter months…but appeared to reverse in February as spring activity picked up. “We have more inventory now than we did a year ago, particularly upper end, over $400,000,” she adds. The extra listings are visible at prestigious Redlands Mesa Golf Club…but not at Chatfield, a single-family project listed by Coldwell Banker in the southwest part of the city, from the $280s, attracting energy employees among others.
Coldwell Banker, meanwhile, is set to open a second branch office near St. Mary’s Hospital, undergoing a 10-story expansion that will draw patients from a 2-state area, as well as employees qualified for higher priced homes. The Vaughn Team is at (970)242-5505.
Tags: Colorado, DNC, Grand Junction, housing, shale oil, Western slope
