As BelleVista continues to develop its highly-anticipated, multi-family project at River Trace, as well as formulates plans for more residential lots and new home development, recent Census Bureau information shows that the vacancy rate – for both rentals and owner-occupied properties nationwide - is at an all-time low. In fact, it’s revealing the lowest numbers in the last 40 years.
The census reports housing vacancy for the 1st quarter of 2022 is at a mere 0.8%, while rental vacancies show a 5.8% rate, another historic low. And while interest rates still remain dramatically lower than numerous decades of housing markets past, those whose desire for home ownership – or the ease and comfort of rental living– are finding that the new development plans afforded at BelleVista can offer unparalleled opportunities for affordable, quality living.
BelleVista is racing to produce options in this limited market of available housing, and doing so in what has become an immensely popular, high-growth area on Colorado’s western slope.
So, whether your future includes plans for building a home or purchasing a new home at BelleVista, you’re encouraged to reach out now to BelleVista’s real estate partner and a Colorado Broker of the Year, Bob Fullerton, Managing Broker of ERA New Age in Rifle, CO. He and his staff of experienced, local brokers are ready to help you plan for your purchase of a new homesite or home at BelleVista.
Bob can be reached at 970-618-7649 or via email at Bfullerton@NewAgeRE.com
Come Explore BelleVista – Quality Living in the Colorado River Valley!