Northern Colorado news Briefs
Denver & Boulder MSA's among nation's Most Vibrant Art Cities
The Southern Methodist University DataArts & National Center for Arts Research recently released their 2022 Arts Vibrancy Index Report. Several Colorado Metropolitan Statistical Areas (MSA) earned top rankings. In the category of Large Communities, the Denver MSA ranked in the Top 20 Arts-Vibrant Communities of 2022. In the category of Medium-sized Communities, the Boulder MSA ranked in the Top 10. Finally, in the category of Top 10 Small Communities, both Glenwood Springs and Steamboat Springs made the list. Click here to view the full Top 40 Arts-Vibrant Communities of 2022.
Colorado, CU hotspot for disruptive technology
At the recently held 2023 Colorado Business Economic Outlook summit, University of Colorado experts took the stage showcasing the "Future of Disruptive Technologies." From quantum technology to interstellar advancements, Colorado has become a hub for disruptive technology. CU's Cubit Quantum Initiative executive director Philip Makoty shared transformational impacts on the horizon as CU is a leader in quantum sensing. In addition, Colorado is home to 500 aerospace companies and has the nation’s second largest space economy. Click here to learn more.
Colorado Unemployment Rate continues to decline
The latest release from the Colorado Department of Labor and Employment shows that Colorado's unemployment rate dropped to 3.5% in November, which is down from 4.4% a year ago. Larimer and Broomfield counties were both at 2.8%, and Weld was at 3.5%, down from 3.7% in October. Boulder County, recorded at 2.6% in November, down from 2.8% in October. Click here to read the full press release.
Boulder ranks as a Best Place to Live
CBS News MoneyWatch recently released a 2022 list of Best Places to Live in the U.S. and Boulder ranked #19. MoneyWatch rankings came from Niche.com, a survey company that analyzed cities with a population above 100,000 based on performance data for public schools, affordable costs of living, low crime rates and the overall satisfaction of their residents. Boulder was noted for its outdoor activities and the health and fitness of residents as well as nightlife.
Longmont makes Climate Action A List
CDP, a global non-profit that runs the world’s environmental disclosure system, recently awarded the City of Longmont an A. This is a top score on climate action that only 12% of cities and counties that were scored received. Cities and counties on the A List are recognized for taking leadership on environmental action and transparency. Read the full article at: https://www.longmontcolorado.gov/Home/Components/News/News/12478/3.
3 Colorado Bars named Top 50 'Speakeasys'
The holidays are a special time to gather with family and friends. If you are looking for something different, check out one or all of the three Colorado bars that Yelp ranked as a Top 50 speakeasy bar in the U.S. Social in Fort Collins ranked #1 on the list, Williams & Graham in Denver #31 and Brooklyn’s on Boulder St in Colorado Springs #33. Click here to read the full article!
Seasonally high occupancy rates
Recently released data from the Colorado Hotel & Lodging Association shows September occupancy rates at 76.3%, up significantly from last September's rate of 68.9%. Estes Park came in with the highest occupancy rate of 87.8% and an average daily rate of $216.52. Greeley followed next with an occupancy rate of 84.8% and an average daily rate of $102.55. Click here to read the complete press release.
Largest Habitat for Humanity breaks ground
Hope Springs, an almost 500-unit development located on 43-acres in Weld County, has broken ground. This is the largest Habitat for Humanity project in Colorado and is being co-developed by Greeley-Weld Habitat for Humanity and Richmark Cos. All homes are being built to net-zero-ready standards and amenities will include an on-site childcare center, walking and biking trails, playgrounds, a frisbee park and mini soccer field. Click here to learn more about this collaborative community project.
IRES 3rd Quarter Report
Information and Real Estate Services (IRES) recently released their Q3 2022 MarketWatch Report and in Northern Colorado home prices were up across the board. In Larimer County, the median sales price was $590,930 for Q3-2022, an increase of 11.5% year-over-year. The number of closed sales was down 24.6% dropping to 1,693. In Weld County, the median sales price was $495,000 for Q3-2022, a 8.9% year-over-year increase. The number of closed sales was down 33.1%, coming in at 1,653. In Boulder County, the median sales price was $807,000 for Q3-2022, a 3.5% year-over-year increase. The number of closed sales was down 27.8%, coming in at 1,019.