BRAY QUARTERLY
2025
REAL
ESTATE
MARKET
OUTLOOK:
What’s Ahead for Mesa County
As 2025 approaches, the real estate market in Grand Junction is poised for significant developments across residential, commercial, and property management sectors. As a fullservice real estate brokerage specializing in all three areas, we are anticipating trends that reflect the region’s growth, affordability, and evolving needs
AND SELLERS
The residential real estate market in Grand Junction is expected to experience steady growth in 2025 Following a moderate increase in home values throughout 2024, prices are projected to rise at a rate of 3-5% next year Low housing inventory continues to be a driving factor, pushing demand for new home construction and remodeling projects.
Grand Junction remains a desirable location for families, retirees, and remote workers due to its affordability compared to Colorado’s Front Range cities. The median sales price for single-family home currently sits around $433,950 for Mesa County, significantly lower than Denver County, which sits at $690,000 and Boulder County, which sits at $824,042 (according to Colorado Association of REALTORS®). However, buyers should prepare for continued competition in entry-level price ranges as first-time buyers and investors remain active
For sellers, this is a favorable market, provided homes are priced correctly and marketed effectively Modern features, energy-efficient upgrades, single-level, and move-in-ready properties will attract quicker offers Per the usual, Real estate professionals predict that the spring and summer months of 2025 will be especially strong for listings, as interest rates are anticipated to stabilize.
COMMERCIAL REAL ESTATE: GROWTH DRIVEN BY SMALL BUSINESSES AND DEVELOPMENT
The commercial sector in Grand Junction is expected to see a resurgence in 2025, driven by the expansion of small businesses, infrastructure projects, and increased investor interest in the region. With Grand Junction serving as the hub of the Western Slope, opportunities for retail, office space, and industrial development remain promising
Demand for flexible, mixed-use properties that cater to retail, dining, and residential spaces is projected to grow Sectors such as healthcare, logistics, and technology are particularly noteworthy, with several developers expressing interest in commercial opportunities throughout the Grand Valley.
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Vacancy rates for office and retail spaces, which saw fluctuations in recent years, are expected to decline, particularly in downtown Grand Junction and areas along Highway 6 & 50 and 1-70B. As the city continues to prioritize infrastructure improvements and economic incentives, commercial real estate will be an attractive asset for both local investors and out-of-state buyers seeking affordable options compared to urban Colorado markets
PROPERTY MANAGEMENT: EVOLVING TO MEET RENTAL DEMANDS
The property management sector will play a vital role in Grand Junction’s real estate market in 2025 As rental demand remains high, property owners and real estate investors are increasingly turning to professional management services to handle tenant relationships, maintenance, and rent collection
The residential rental market will see continued growth, particularly in single-family homes and vacation rentals. Grand Junction’s appeal as a recreational hub, combined with its affordability, has made short-term rentals a lucrative option for investors. Programs like our Braycations and other tailored vacation rental offerings are expected to see higher occupancy rates year-round.
However, property managers face challenges, including increasing tenant expectations for 24/7 services, energyefficient homes, and competitive rental rates Retention of long-term tenants will remain a key focus, as rising rents continue to be a concern Real estate investors are encouraged to prioritize upgrades and proactive maintenance to attract quality renters in a competitive market
A BALANCED MARKET AHEAD
Overall, the 2025 real estate market in Grand Junction presents a balanced outlook for buyers, sellers, investors, and tenants alike. Growth across all sectors reflects confidence in the region’s economic and lifestyle appeal. Whether looking to buy a home, lease a commercial property, or maximize rental investments, Grand Junction continues to offer opportunities for those ready to navigate an evolving market.
As trusted advisors in residential, commercial, and property management real estate, we encourage clients to partner with experienced professionals who can provide the insights and strategies necessary to succeed in 2025
COLORADO’S NEW PROPERTY MANAGEMENT LAWS
What Owners and Tenants Need to Know
The Colorado legislature has recently passed significant updates to property management laws, affecting both landlords and tenants across the state Whether you ’ re a property owner or a renter, understanding these changes is crucial to staying compliant and protecting your rights Here’s what you need to know about these new laws and how they may impact you.
KEY CHANGES IN COLORADO PROPERTY MANAGEMENT LAWS
1.
LIMITS ON LATE FEES
Late fees for overdue rent payments are capped at a lower percentage, and landlords are required to provide tenants with written notice before imposing any fees. Allowing tenants to catch up on payments without excessive penalties.
2.
GRACE PERIOD EXTENSION
This change extends the grace period and offers tenants more flexibility, giving them additional time to pay rent without fear of eviction or penalties
3.
SECURITY DEPOSIT PROTECTIONS
Landlords must return security deposits promptly and with clearer itemization of deductions, to promote transparency and fairness in disputes over damages and deposit returns Continued
2024 YEAR END NUMBERS
Percent change from 2023
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4. ENHANCED HABITABILITY STANDARDS
Landlords are held to higher standards for maintaining rental properties. This includes stricter enforcement of timely repairs and improvements to ensure rental units meet basic health and safety standards.
5. TENANT SCREENING RESTRICTIONS
New rules limit how landlords can screen tenants, particularly regarding background checks and credit history These changes aim to reduce barriers for renters and promote equitable access to housing
WHAT THIS MEANS FOR PROPERTY OWNERS
As a landlord, it’s important to review your lease agreements and management practices to ensure compliance with these new regulations Non-compliance could lead to penalties or legal disputes Partnering with a professional property management team, like Bray Property Management, can help you stay ahead of these changes by providing expertise and ensuring your properties meet all legal requirements.
WHAT THIS MEANS FOR TENANTS
Tenants in Colorado now benefit from enhanced protections, but it’s important to understand your responsibilities, such as providing timely notice of needed repairs or adhering to lease terms. Open communication with your landlord or property manager is key to maintaining a positive rental experience.
HOW BRAY PROPERTY MANAGEMENT CAN HELP
Bray Property Management can guide property owners and tenants through these changes They are knowledge leaders when it comes to Colorado’s property management laws to provide expert advice and hassle-free compliance Whether you ’ re renting out a property or searching for your next home, at Bray we are committed to making your experience seamless and stress-free
If you have questions about how these laws may affect you, don’t hesitate to reach out to our team. We’re happy to provide resources and support to ensure you ’ re informed and prepared. For more information or assistance, contact Bray Property Management at (970) 242-8450. Let us help you navigate Colorado’s evolving property management landscape with confidence!
BARB HECHT
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NEW YEAR’S RESOLUTION: Real Estate Edition REALTOR
Ah, January the month of fresh starts and wildly ambitious resolutions Instead of aiming for six-pack abs or giving up chocolate (because, let’s be honest, that’s not happening), let’s set some realistic goals. Here are five New Year’s resolutions for anyone in the world of real estate.
1. “I WILL FINALLY DECLUTTER”
Thinking of selling your home? Start now by decluttering all those “just in case ” items. If Marie Kondo hasn’t inspired you, try this: if it hasn’t been used in the last decade, it’s probably safe to toss.
BONUS: less clutter means more space for buyers to imagine their dream lives without your collection of novelty mugs
2. “I WILL STOP FALLING IN LOVE WITH HOUSES I CAN’T AFFORD”
It’s easy to daydream about listings with infinity pools and chef’s kitchens, but this year, let’s embrace realistic budgets. Your dream home is out there it just might not come with a private movie theater or heated driveway.
3. “I’LL LEARN TO LOVE THE FIXER-UPPER”
Not every home is Insta-ready. Some just need a little TLC! This year, resolve to see past the shag carpets and wood paneling. With the right vision (and maybe some elbow grease), that “meh” house could be your masterpiece.
4. “I WILL EMBRACE THE ADVENTURE”
Buying or selling a home is like a rollercoaster: exhilarating, nerve-wracking, and occasionally nauseating. This year, resolve to enjoy the ride, and remember that your realtor is like the ride operator keeping you safe and on track, even when things get a little wild
5. “I’LL TRUST MY REALTOR’S ADVICE (MOST OF THE TIME)”
Realtors know the market like the back of their hand, even if you think Zillow knows better This year, make a promise to listen to their advice, especially when they suggest a realistic asking price for your home SPOILER ALERT: no one ’ s paying extra for your “vintage” avocado-green bathroom tiles.
Here’s to a year of fresh opportunities, exciting homes, and maybe a little less clutter! Whether you ’ re buying, selling, or just daydreaming, Bray Real Estate is here to make your resolutions a reality. Happy New Year!
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