News

Check out market updates

Chaffee County Market Update � August 2019

Commercial Real Estate sales volume for Chaffee County of $4.1M YTD in 2019 is down 32.2% compared to sales YTD in 2018 of 6.1M. Residential Real Estate sales for $63.6M YTD in 2019 is up 5.8% compared to sales YTD in 2018 of $60.1M. Sales Taxes for the City of Salida are up 10.6% YTD in 2019 compared to taxes collected YTD in 2018. The Rockies Regional Medical Center has approved a 10,000 square foot, $5.6 million expansion and remodeling of their Buena Vista Health Center and Buena Vista School District has broken ground on $41.5 million construction project creating new middle and high school wings along with renovations to existing buildings.

CHAFFEE COUNTY MARKET UPDATE

Item
Q2 2018
Q2 2019
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY
Item:
Q2 2018:
Q2 2019:
% +/- :
Commercial Sales Volume
$6.1M
$4.1M
-32.2%
Item:
Q2 2018:
Q2 2019:
% +/- :
Commercial Transactions
11
8
-27.2%
SALES TAX INDICATORS:
Item:
Q2 2018:
Q2 2019:
% +/- :
All Sales Taxes
$2.9M
$3.2M
10.6%
Item:
Q2 2018:
Q2 2019:
% +/- :
Retail Taxes
$864K
$926K
7.2%
Item:
Q2 2018:
Q2 2019:
% +/- :
Restaurant Taxes
$292K
$301K
3%
Item:
Q2 2018:
Q2 2019:
% +/- :
Lodging Taxes
$129K
$133K
3.1%
Item:
Q2 2018:
Q2 2019:
% +/- :
Weedtail Sales
$64K
$65K
1.3%
Item:
Q2 2018:
Q2 2019:
% +/- :
Liquor Store Taxes
$61K
$68K
11%
Item:
Q2 2018:
Q2 2019:
% +/- :
Construction & Home Improvement Taxes
$106K
$128K
20.8%
Item:
Q2 2018:
Q2 2019:
% +/- :
Grocery Store Taxes
$178K
$241K
35.4%
Item:
Q2 2018:
Q2 2019:
% +/- :
All Other Taxes
$423K
$500K
18.2%
VACANCY RATE
Q2 2018:
Q2 2019:
% +/- :
VACANCY RATE
1%
3%
200%
CAP RATES
Q2 2018:
Q2 2019:
% +/- :
CAP RATES
4% – 6%
4% – 6%
0%
RESIDENTIAL REAL ESTATE
Item:
Q2 2018:
Q2 2019:
% +/- :
Residential Total Sales
$60.1M
$63.6M
5.8%
Item:
Q2 2018:
Q2 2019:
% +/- :
Residential Average Price
$473,112.00
$492,187.00
4%
Item:
Q2 2018:
Q2 2019:
% +/- :
Residential Days On Market
93
63
-32.3%%
Item:
Q2 2018:
Q2 2019:
% +/- :
Residential Listed for Sale
520
521
.2%
NOTES
  • The Rockies Regional Medical Center has approved a 10,000 square foot, $5.6 million expansion and remodeling of their Buena Vista Health Center
  • Buena Vista School District has broken ground on $41.5 million construction project creating new middle and high school wings along with renovations to existing buildings

Signup for FREE Market Report

About The Author

Jeff Post, First Colorado Land Office

A top-producing realtor since 2000 and owner of First Colorado Land Office since 2006, Jeff Post is a highly respected community leader with a deep commitment toward making a difference. A proud fifth-generation resident of Salida, Colorado, Jeff combines his knowledge and experience in commercial real estate to help Chaffee County attract new business and enhance growth opportunities for existing businesses.

Market Update Signup

Subscribe Now to Receive Rocky Mountain Commercial Broker Market Updates by Email

Archives