Colorado - FRI. 05/13/22 A Free Business Publication from Alpine Bank Print Version Print View Online Webpage
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MEDIAN PRICE OF A SINGLE-FAMILY HOME IN COLORADO REACHES $600,000

 
 
 

In its monthly update for April, the Colorado Association of Realtors reported that the median price of a single-family home sold in the state in April reached $600,000. It was the first time the median price hit that level. In a separate survey from the Denver Metro Association of Realtors, the median price of a home sold in metro Denver hit $684,550 in April. Pitkin County is the most expensive housing market in Colorado with a median sold price of $6.5 million for a single-family home and $1.9 million for a townhome or condominium. Eagle, San Miguel, and Routt are the other counties where the median sales price of a single-family home was above $1 million last month.

 
- Denver Post, 05.13.22
 

WILDFIRE FORCES EVACUATIONS, CLOSES AIRPORT IN COLORADO SPRINGS

 
 
 

A wildfire sparked by a catalytic converter of an El Paso County Sheriff’s Office cruiser ignited Thursday afternoon near South Powers Boulevard and Milton E. Proby Parkway and the powerful winds in the afternoon blew the fire both directions on Powers Boulevard. Called the Alturas fire, it forced the evacuation of some 1,000 people and caused the Colorado Springs Airport to cancel all inbound flights at 5:30 p.m. People at the airport were told to leave at 6:40 p.m. All airport operations were resumed by 8 p.m. Also on Thursday afternoon, a wildfire broke out in Teller County prompting evacuations. The fire burned an area near County Road 11 south of Bear Trap and Lakemoor.

 
- Denver Post, 05.13.22
 

IN DENVER, GO TO OBSERVATORY PARK SUNDAY TO SEE TOTAL LUNAR ECLIPSE

 
 
 

This year, there will be two lunar eclipses visible in the Denver area. The first is this Sunday and the Denver Astronomical Society is hosting a free open house at Observatory Park, at 2930 E. Iliff, just east of the campus of the University of Denver. Members of the society will have telescopes set up and binoculars available for the public to use. The timing for this eclipse is particularly good. The moon will rise just before 8 p.m. The total phase of the eclipse will begin at 9:29 p.m. and end at 10:53 p.m., with the maximum eclipse occurring at 10:11 p.m.

 
- Denver Post, 05.12.22
 

FIRST-EVER PHOTOS OF MASSIVE BLACK HOLE IN THE MILKY WAY

 
 
 

In six simultaneous news conferences around the world on Thursday, a collaboration of more than 300 scientists from 13 institutions, known as the Event Horizon Telescope project, announced the photographs of a supermassive black hole in the center of the Milky Way galaxy. It is the first time a black hole has been photographed in the Milky Way. Astronomers said the new result would lead to a better understanding of gravity, galaxy evolution and how even placid-seeming clouds of stars like our own majestic pinwheel of stars, the Milky Way, can generate quasars, enormous geysers of energy that can be seen across the universe. The results of the Event Horizon Telescope project were published Thursday in The Astrophysical Journal Letters.

 
- New York Times, 05.13.22
 

A RECORD-SETTING MARCH FOR BUSINESSES IN ASPEN

 
 
 

A report from the city of Aspen Finance Dept. Thursday showed a record-setting $150 million in taxable sales in March. That represented a 42 percent increase over March 2021 in sales and a 34 percent increase in actual sales tax collections for the city. The March sales numbers pushed taxable sales in the first quarter to $393 million. A significant portion of March business was generated in the accommodations industry, which recorded $52.6 million in taxable sales. That topped March 2021 by a whopping 80.9 percent, the report said. Short-term rentals, or STRs, made up $17.8 million, or about one-third of accommodations-produced sales in March. Hotels accounted for $33.4 million of the haul, and real estate made up for $1.5 million.

 
- Aspen Times, 05.13.22
 

USFS PLANNING PRESCRIBED BURN IN HUNTER CREEK VALLEY ABOVE ASPEN

 
 
 

As wildfires are raging in New Mexico and even starting up in the middle of Colorado Springs, the Upper Colorado River Interagency Fire Management Unit will team with the Aspen Fire Dept. to conduct a prescribed burn Friday on some 1,200 acres in the Hunter Creek Valley, about two miles northeast of the city of Aspen and even closer to the multimillion-dollar mansions on Red Mountain. The conditions at 9,000 feet in the Hunter Creek Valley are "ideal" for burning, according to fire management personnel, as there was close to average snowpack this winter and sensors show favorable moisture content in both dead fuels as well as living vegetation.

 
- Aspen Times, 05.13.22
 

SATURDAY: LOOK TO THE SKIES FOR A BIG DAY FOR BIRDING

 
 
 

The Cornell Lab of Ornithology has organized what it calls a Global Big Day for birdwatching Saturday, asking people to turn out for 24 hours and track birds as they migrate. The Big Day was chosen because birds are in the midst of migrating. It is also a fundraiser for endeavors such as BirdCast, which helps cities identify, “exactly when migratory birds will be passing through so they can implement Lights Out initiatives that reduce building collisions,” a major cause of avian mortality. For complete information on Big Day, go to tinyurl.com/ytyw7uyw.

 
- Telluride Daily Planet, 05.13.22
 

TELLURIDE COUNCIL MODIFIES NOISE ORDINANCE

 
 
 

The Telluride Town Council this week passed a revision of the town's noise ordinance. The revisions relaxed time restrictions and penalties for violations, as well as other minor amendments. The ordinance allows amplified sound to be played, both indoors and outdoors, from 7 a.m. to 11 p.m. on Fridays, Saturdays and defined holidays, provided that sound is not plainly audible at a distance of 50 feet from the building if it is indoors or 50 feet from the source if outdoors. The revision also removed the criminal penalties for noise violations.

 
- Telluride Daily Planet, 05.13.22
 

NO MORE FLAMMABLE ROOFING MATERIALS ALLOWED IN ROUTT COUNTY

 
 
 

Following the unanimous vote of the Routt County Oversight Committee, on June 1 an amendment to the building code will no longer allow the use of easily combustible roofing materials in the city of Steamboat Springs, towns of Hayden, Yampa and Oak Creek as well as all unincorporated regions of the county. The change applies to any alterations, additions or roof replacement permits as well as new construction for residential, commercial, historical and agricultural buildings. The amendment is the first one adopted locally from the International Wildland-Urban Interface Code from the International Code Council that guides construction regulations.

 
- Steamboat Today, 05.13.22
 

BEST U.S. AIRLINES 2022

 
 
 

J.D. Power released its North America Airline Satisfaction Study for 2022. The study measures passenger satisfaction with airline carriers in North America based on performance in eight factors: aircraft, baggage, boarding, check-in, cost and fees, flight crew, in-flight services, and reservations. The study provides rankings in three classes of service: first/business, premium economy and economy/basic economy. J.D. Power received responses from more than 7,000 passengers. The results:
Economy/Basic Economy:

  1. Southwest Airlines
  2. JetBlue Airways
  3. Delta Air Lines

Premium Economy:

  1. JetBlue Airways
  2. Delta Air Lines
  3. Alaska Airlines

First/Business:

  1. JetBlue Airways
  2. Alaska Airlines
  3. Delta Air Lines
 
- JDPower.com, 05.11.22
 

ALPINE BANK: CHANGE TO OPERATING HOURS EFFECTIVE JUNE 4

 
 
 

Alpine Bank is announcing some adjustments to its operating hours at several of its branches. Primarily, Saturday operations are impacted, with some slight modifications to midweek business hours. Please visit the link below for a complete list of branches that will be affected by this change, effective Saturday, June 4, 2022. The following alternatives are available to meet your banking needs:

  • Online and mobile banking, for deposits, transfers, paying bills and much more
  • Night Drop for deposits, to post the next business day
  • Convenient ATMs, where you can get cash and check your balance
  • Alpinebank.com, to open an account online
  • The Alpine InfoLine, 888-4-ALPINE (888-425-7463), with 24-hour information access to your account

These changes come about after months of careful consideration. We hope that with the alternative services listed above, you will continue to have a positive customer experience. Thank you for placing your trust in Alpine Bank.

 
- Alpine Bank
 
 
 
 
 
 
 
 
MARKET UPDATE - 05/12/2022 Close
 
(Courtesy of Alpine Bank Wealth Management*)
 
 
Close
Change
Dow Jones Industrials
 
31730.30
 
-103.81
 
S&P 500
 
3930.08
 
-5.10
 
NASDAQ
 
11370.96
 
+6.73
 
10-year Treasury yield
 
2.81
 
-0.10
 
Gold (CME)
 
1823.80
 
-28.80
 
Silver (CME)
 
20.75
 
-0.80
 
Oil (NY Merc)
 
106.13
 
+0.42
 
Natural Gas ($/MMBtu)
 
7.73
 
+0.09
 
Cattle (CME)
 
131.65
 
-1.92
 
Prime Rate
 
4.00
 
NC
 
Euro (per U.S. dollar)
 
0.96
 
+0.01
 
Canadian dollar (per U.S. dollar)
 
1.30
 
+0.01
 
Mexican peso (per U.S. dollar)
 
20.24
 
-0.08
 
30-year fixed mortgage rate (Freddie Mac 05/12/2022)
 
5.30
 
+0.03
 
*Not FDIC insured. May lose value. Not guaranteed by the bank.
 
 
 
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Alpine Bank is an employee-owned Colorado bank chartered in 1973. With 38 locations across Colorado, Alpine Bank offers a full suite of banking services. The Class B nonvoting common shares of Alpine Banks of Colorado, Alpine Bank�s parent holding company, trade on the OTCQX under the symbol �ALPIB".
24-hour Alpine Info-Line - 1.888.4.ALPINE (1.888.425.7463)
 
 
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