Wednesday, June 2, 2010

Sales in Grand Junction So Far

According to Mesa County this year there have been 19 commercial real estate sales through the end of March. The local MLS indicates 4 additional sales through May 20th. The top 5 sales are as follows:

715 Horizon Ct – 3,100,000

2285 River Rd – 2,875,000

607 24 Rd - 2,322,600

551 Kokopelli Blvd – 1,800,000

230 Lynwood St – 1,220,000

Mesa county reports 32 sales for the same period in 2009, and 42 sales in 2008.

There were several business opportunities that sold including two liquor stores in Fruita, and B&B hotel in Colbran.

Some of these sales have come at bargain prices. There are other bargains for both users and investors. Sellers are not finding as many buyers in today’s market. Some of these sellers are in difficult situations and are no longer looking to make a profit.

Looking forward to summer sales. In 2008 Mesa County reported 35 sales from June through August, 18 in 2009, and based on the results from the first 5 months I anticipate 16 sales over the summer in 2010. Will your property be one of them?