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 Home
to the San Juan Mountains and Gateway to Telluride. The region is
experiencing tremendous growth and home prices are appreciating at
over 5% the last 2 years(as of May 1st 2005)
Helping to fuel this growth is the “retirement boom” that is being experienced by the entire American Southwest. Ridgway is located just 37 miles from Telluride skiing, 9 miles to the Victorian town of Ouray and it’s famous hot springs. This enchanted playground is well protected...48 percent of our contiguous lands are BLM and National Forest. Housing/Retail stats: Rental rates for the greater Ridgway area as of May 1st 2005 are about $500 a month for a two bedroom older home, or $675- $725 for a newer two bedroom home or Town-home. A three bedroom home that was built in the last 5-6 years will rent for $1,200 to $1,350. Demand is strong and vacancy is low. The SFR properties in this area only cash flow if you put down around 20%. . Commercial development opportunities are needed in this area. CAP rates are lower here than Montrose, because appreciation rates are so high. Office rental rates are around 1$- $1.25 a foot which INCLUDES utilities(not triple net)in the town of Ridgway. |