GRAND JUNCTION, Colo. – (KREX) According to the Colorado State Demographic from the 2020 Census, Mesa County is expected to grow 1.4% from 2020 to 2030 and another 1.7% from 2030 to 2040.
With this new trend, building permit applications are on the rise, and Western Slope contractors are working to meet a high demand for high end homes , but mostly for affordable housing.
As Mesa County residents recover from the pandemic, the Western Slope’s population is expected to hit a new high in the next 20 years. “We have just been found in wider circles,” Kevin Bray, Bray Real Estate says, “As people move or retire, and you have the portion of Americans that have gone remote and that freed them up to choose to live in places like Grand Junction.”
Local contractors like Senergy Builders are also recovering from the pandemic, but to meet the needs of a larger community, they are focusing on a specific build model. “Thats where we really have started and began was with the entry level, single-family home side of things, from a size as well as cost stand point,” Darin Carei, Senergy Builders explains.
Senergy Builders have started to see soft lumber prices slowly return back to normal after the COVID-19 pandemic. With the expected population growth expected to hit the Western Slope by 2030, single-family homes and starter-homes are expected to pop up all over the Grand Valley. “Now is actually a good time to invest in a new home because the price is actually lower from a relationship to the actual cost of what the builders are faced with,” Carei says, “The builders have been getting squeezed a little bit, but so has the consumers so I think we are all in this together trying to deliver a great product at a great price and of course we have the lifestyle of Western Colorado and that’s what’s bringing people here.”
According to Bray Real Estate, the assessed market values in Grand Junction have increased and building permits are up 26% versus last years including more high end homes as people discover all the outdoor activities offered right here in our backyard.
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“Last year with the pandemic, it really added some fuel to the single-family home market and with an area like ours, became a lot more attractive,” Bray says, “We are seeing more immigration, that’s a much much larger part of our market now.”
As more Coloradan’s and out of state residents look to call the Western Slope home, the local contractors and real estate agencies are working to house the increased population, while continuing to also provide affordable housing so local workers aren’t priced out of the market .