Yampa Valley Fast Facts

To access facts about Moffat, Routt and Rio Blanco counties simply download our Fast Facts.   If you wish to access more information, we have an in-depth database with more than 2000 data sets in our on-line community indicator tool under the tab Community Indicators. 

We have listed the fast facts in 5 areas: economic, real estate, schools, demographics and natural resources.  The information includes data for the 3 counties, source of our data, how current the data is and how often we update the data.

Here is a sampling of what you will find in our Fast Facts PDF

Economic: civilian workforce, number of jobs, unemployment, number of businesses, per capita income, monthly retail sales, banking information and the cost of living comparison to Denver.

Real Estate: month and year to date value of construction, number of housing units for sale, number of foreclosures

Schools: Number of school districts, enrollment, number of free or reduced lunches

Demographics: population, median age

Natural Resources: Oil & Gas number of producing wells, oil produced, gas produced, coal production, number of mines

 As always we are interested in what data you need.  If there is some data that you use often and would like to see it added to fast facts, please email info@yampavalleypartners.com.

July Fast Facts Observations 

Employment:

The first quarter improvements in the unemployment situation which were adjusted for seasonality have stalled in the 2nd quarter.  June 2010 represented the 30th consecutive month that the imbalance between workforce and the number of jobs was negative.  (more workforce than jobs) This  means that all counties will continue to experience economic stress due to the local unemployment situation.  In the 2^nd quarter we were optimistic that we would see improvement by the 4^th quarter 2010.  Now we see this optimism fading.

Construction/Real Estate

·         Residential construction in May of 2010 remained at near historic lows with only one residential permit being issue in Routt County.  With only .8% of the current inventory being sold, recovery in new residential construction will be slow.

·         Although still very high, June was the second consecutive month that saw a measurable reduction in the number of households in Routt County receiving a foreclosure notice.  Routt County has had since March foreclosure rates greater than the state. The good news and is in June the county’s rate fell below the state foreclosure rate.  However, the economic stress due to unemployment will likely have an impact on this number and it is something Yampa Valley Partners will continue to monitor closely.

·         The Year-over-Year decline in median listing price is slowing.  However, because of the increase in the number of homes currently listed for sale, the median listing prices may decline a bit before a bottom is reached. 

Energy:

The four coal mines in North West Colorado during this reporting period accounted for 54% of the state's total coal production.  This is down about 2% from the prior year for the same period.

Natural Gas production in the three NW Colorado Counties was down 27% to 5.4 million MCFs. 

This commentary is provided by Scott Ford and Kate Nowak.