Chaffee County Real Estate Market Update: Nov 2020
Here are the latest market stats for Chaffee County, CO this past November 2020.
Below are a few graphs proved by ROCC (Realtors of Central Colorado) that give you a snapshot of our pricing and property availability in Chaffee County.
For a more detailed view of all our numbers, please email me and I'll send it to you. Monica@Cprealty.com.
To briefly summarize for you though, homes are selling FAST! While we did see more homes come on the market this month compared to last month, it wasn’t enough to keep up with our steady demand. Our inventory is still very low. And keeping with the trend, home prices in Chaffee County are continuing to rise compared to last year. BUT, prices didn’t go up compared to last month - whew!
The Median Closed Price for a home in Chaffee County is now $460,000, a 16% increase compared to last year, but 1% less than last month. If we look at towns individually, Salida’s Median Closed Price increased 13% from 2019 at $445,500 and Buena Vista’s Median Closed Price is up 25% from 2019 at $486,650.
While winter months often slowdown in real estate, we are not seeing signs of that this year. Home are selling quickly! I’ve had multiple situations where well-priced homes are sold before my clients can even see them. If you’re searching for a home in Chaffee County and see something you like, act fast. Gone are the days where you can wait a week to decide if you want to entertain a home. The well-priced properties are now selling within days.
With that said, I highly recommend working with a Realtor who can help you see a home right away. Even if you’re out of town, virtual showings can often be arranged.
Bottom line: act fast so you don’t miss out!
Have a question about the Chaffee County real estate market? Feel free to reach out to me with your questions or real estate needs.
Stay safe, stay healthy, stay positive… and be kind to one another!
Your Chaffee County Real Estate Resource,
See how quickly homes are selling right now!
For a detailed chart of all the metrics, email Monica@cprealty.com
Metrics provided by the Colorado Association of REALTORS (R) and REColorado. Visuals provided by Realtors of Central Colorado (ROCC).