Chaffee County Real Estate Market Update: Oct 2020

    Chaffee County Real Estate Market Update: Oct 2020

    Nov 25, 2020

    Here are the latest market stats for Chaffee County, CO this past October 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 the numbers for you though, the home inventory in Chaffee County is still declining (especially in Salida) and since our demand isn’t wavering, our prices are continuing to rise. Additionally, the number of units sold is increasing compared to last year. Meaning, the few homes that are on the market are selling…hint, hint for you sellers out there.

    The Median Sales Price for a home in Chaffee County is now $397,054, an 11.5% increase compared to last year. If we look at towns individually, Salida’s Year to Date Median Closed Price is up 10% from 2019 at $479,500 (compared to $435k) and Buena Vista’s Year to Date Median Closed Price is up 4% from 2019 at $385,000 (compared to $369k).

    Traditionally the winter months slow down in real estate; however, as we all know, this year is anything but traditional. With the extremely low mortgage interest rates and continued demand for thriving communities outside metropolitan areas, numbers aren’t indicating much of a slowdown this season.

    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,

    Monica McCarthy

    Monica@CPRealty.com

    Our Inventory has gone down quite a bit.

    With a continued demand, our prices are rising.

    Comparing Quarter 3 in 2020 vs 2019 in both Buena Vista and Salida, CO.

    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).