I'd continue to recruit any local recruit, especially, because there's always 1 wildcard in play until the end: Leaving home is sometimes difficult.
Having raised 4 kids in a part of Boulder County where just about every kid goes to college, with quite a few having no real financial restrictions on where they will be going, I'm always amazed at how many end up at CU in the end. These are non-athletes, but many with acceptances to Ivy league schools, or the myriad of small, elite private schools that seem to be popular such as Lewis & Clark, Linfield, Reed, Willamette, Middlebury, Wesleyan...... Late in the Junior years and early in the Senior years, that's all the rage. A big percentage in the end realize they don't want to leave Colorado, for a myriad of reasons.
Not to mention, quite a few that do leave, don't adjust great and seek to come back home.
I see no reason that athletes would be different. Keep recruiting them until the end, no matter what!