Growth and development in the news.
The following articles characterize the reality of the Grand Junction real estate market (click on links to read):

Investor Report: Best Opportunities Ahead
Realty Times-October 24, 2008

Western Slope Economic Vital Signs Stable, Report Says
GJ Daily Sentinel-September 22, 2008

Western Slope Unemployment Drops in August
GJ Daily Sentinel-September 20, 2008

Northwest Colorado Drilling Permits on Record Pace
GJ Daily Sentinel-September 6, 2008

City Ranks among Most Prosperous in the Nation
GJ Daily Sentinel-May 27, 2008

Boom Will Double Northwest Colorado Population
GJ Daily Sentinel-April 12, 2008

GJ Entities Spend $172 Million in '07 Trying to Keep Pace with Growth
GJ Daily Sentinel-February 3, 2008

43rd Annual Colorado Business Economic Outlook 2008
Leeds School of Business, University of Colorado at Boulder

Last of the Red-Hot Markets
Money Magazine-December 2007

People Piling into County
GJ Daily Sentinel-November 24, 2007

Area Economy to Withstand '08 Recession
GJ Daily Sentinel-September 12, 2007

Grand Valley is Flush with Jobs, Development
GJ Daily Sentinel-September 3, 2007




PROSPECTUS: Even with looming national economic uncertainty and real estate downturns in many parts of the country, Grand Junction assures excellent investment potential in real estate in coming years. Local real estate activity has slowed in 2008, mainly because of tightening credit. While most of the country is suffering the poorest real estate market in years, Grand Junction is experiencing only a "flat" year. Demand for new homes, and lots, in Grand Junction is "pent up" while prospective buyers wait out the market, mostly as short-term renters.

Because of its strategic importance, the western Colorado energy industry and the regional economy it supports will remain strong in almost any future economic or political climate. Stalled economies in other parts of the U.S., where unemployment and foreclosure rates have recently spiked, contrast with the low unemployment and flat foreclosure rates in western Colorado. This important hub of industry is expected to sustain migration to the Grand Junction area for years to come. With a current population of 140,000, Grand Junction and Mesa County are growing at a rate of approximately three percent per year.

There has never been a better time to invest in Grand Junction!

Grand Valley lot prices have increased on average approximately $16,000 per year since 2005, resulting in a doubling of lot prices in four years. Building starts stalled in 2008 as a result of the national credit crisis, causing starts to fall to about 50% of their previous level. This has forced developers to lower lot prices for the first time in many years, creating unparalleled investment opportunity. However, this is a temporary situation before prices rise again.

The Grand Junction housing market is primed for a strong rebound as quickly as the supply of credit (mortgages) resurges. The recent Federal takeover of Fannie Mae and Freddie Mac, supply of Federal funds, and continued drops in interest rates are the beginning of this mortgage turnaround. This turnaround will spark a new round of vigorous building. In the Grand Valley pent-up demand will unleash, existing inventory will absorb quickly, new lots will be scarce, and those holding ready-to-build lots will profit significantly.

New lots not yet built won't be able to compete with existing lots. With the escalating cost of materials and construction, new lots can't be produced, let alone sold, for the same price that existing lots are being offered today! The difference will be profit for those who buy lots now.

Whether you are an investor seeking great returns or a builder seeking to hedge against rising lot prices, now is the time to buy lots. Santa Ana offers the most attractive lots and the best investment value in the Valley!

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