2nd Quarter Market Watch
Information and Real Estate Services (IRES), the Northern Colorado MLS, released the Q2-2017 Market Watch Report for Northern Colorado. In Weld County, the number of Closed Sales was up 6.4% and the Median Sales Price was up 13.8%, reaching $329,950. The Days on Market (DOM) for listings decreased by 10%, dropping down to 60 days. In Larimer County, the number of Closed Sales was up 6.4% and the Median Sales Price was up by 7.1%, reaching $379,297. Homes sold slightly more quickly in Larimer County compared to the previous year, with the DOM for listings down 6.4% to reach 71 days.
Colorado top state for aerospace manufacturing
PricewaterhouseCoopers recently released their 2017 Aerospace Manufacturing Attractiveness rankings and Colorado ranked #8 in the United States, tying with Texas. The following sub-categories were taken into account: labor force, infrastructure, aerospace industry, economy, costs and tax policy. Tax policy, labor and infrastructure were leading strengths for Colorado. You can view the full report at: http://www.pwc.com/us/en/industrial-products/publications/aerospace-manufacturing-attractiveness-rankings.html.
Denver Art Museum sets date for renovation
The Colorado front range is enriched with arts, culture and fun things to do. One of the state gems is the Denver Art Museum, which is set to close mid-November for a $150 million renovation. The renovations plans include a Welcome Center featuring a restaurant and cafe as well as event space, a seventh-floor terrace, expanded gallery space and new education and youth facilities. You can visit the BizJournal’s website for renderings of the remodel: https://www.bizjournals.com/denver/news/2017/08/15/denver-art-museum-sets-start-date-for-150-million.html#g1
Ground breaks on Windsor shopping center
Ground has broken at the southeast corner of Highway 392 and 257 making room for the new East Pointe Neighborhood Centre. Kum and Go convenience store, Doug’s Day Diner and a Human Bean coffee shop are all confirmed tenants of the new shopping center. A section is also designated for a hotel but that is not yet under contract. Visit the BizWest Breaking Ground app to track the latest development updates across the region: https://admin.bizwest.com.
Denver to welcome the Outdoor Retailer trade shows
The Outdoor Retailer trade shows, the largest series of U.S. outdoor-industry trade shows, has selected Denver as their new host city. The $45 million trade show will hold an Outdoor Retailer + Snow Show in January 2018. There will also be a Summer Market in July and a Winter Market in November. Learn more at: www.outdoorretailer.com.
New airport shuttle service
A new airport shuttle service, RedLion Coach Inc., is now running from Fort Collins and Loveland to Denver International Airport (DIA). They are offering door-to-door service in Greeley, Johnstown and Windsor. A series of announcements also recently came out of DIA, including news that nonstop flights will be offered to Paris beginning April 9. Paris is the second-largest international destination behind London, with almost 200 people a day traveling between Denver and Paris. Frontier Airlines is also expanding its network at DIA, adding 21 new destinations.
Fort Collins makes Outside Magazine’s ‘America’s Best Towns’ list
Hot off the press! Fort Collins will be featured in the July issue of Outside Magazine for making their list of the Best Towns of 2017. A total of 25 U.S. cities made the list, with Fort Collins being named the “Best-Bike-To-Happy-Hour-Town.” The magazine encourages readers to grab a cruiser from the Fort Collins Bike Share and tour our local breweries. Salida was the only other Colorado city to make the list. They identified Salida as the “Best Unsung Mountain Town,” touting the area’s whitewater, trout fishing, alpine single-tracks and local restaurants.
The Foundry: final agreements signed
Agreements between the City of Loveland and Brinkman Shared Services Inc. have been finalized for The Foundry in downtown Loveland. The Foundry will be located in the blocks between Lincoln and Cleveland Avenues from 3rd St. south to 1st St. The development is turning neglected city blocks into offices and stores, a five-screen movie theater, apartments, a parking garage and a central plaza similar to, but larger than, Fort Collins’ Old Town Square. Click here to watch an animated flyover video!
Weld County tops investment index
According to SmartAsset, a New York based financial tech firm, Weld County ranks #1 in the state for incoming investments in business, real estate, government and the local economy as a whole. The county had a 10.9% business growth, $1,064 ($ in millions) GDP growth, 30.3 (per 1,000 homes) new building permits, $315 (per capita) in federal funding and an overall incoming investment index of 64.53. Click here to see the complete report: https://smartasset.com/investing/investment-calculator#colorado