Hang on to your hats; residential real estate could have another explosive year here in the Grand Valley in 2021. There are dozens of subdivisions in various planning stages, including existing ones that are planning additional filings, as well as other new ones that will create thousands of building lots.
“Somewhere in the planning pipeline, we have bout 5,000 units – more than we’ll build in any one year,” said Dave Thornton, senior planner for the city of Grand Junction. Those 5,000 units include the large Redlands 360 development, which will most likely take 20 years to build out and will include between 1,300 to 1,800 lots.
While prospective buyers probably won’t see infrastructure or homes available at Redlands 360 in 2021, there are plenty of other subdivisions that will offer a greater variety of new housing in the coming year.
“There are quite a few townhome projects in the pipeline this year,” said Kevin Bray with Bray Real Estate, which publishes the monthly Bray Report and tracks other real estate trends in the Grand Valley. Bray is also developing Thunder Valley, which is a single family home subdivision in the northeast that’s opening up another filing, and is hoping