Chaffee County Market Update – March 2021
Commercial Real Estate sales volume for Chaffee County of $13M in 2020 with 20 transactions is down 8.7% compared to sales in 2019 with 27 transactions worth 14.2M. Residential Real Estate sales of 300M in 2020 is up 34.6% compared to sales in 2019 of $222.8M. Sales Taxes for the City of Salida are up 14.8% in 2020 compared to taxes collected in 2019. The Rockies Regional Medical Center has been approved to build a 10,000 square foot, $5.6 million expansion and remodeling of their Buena Vista Health Center. Buena Vista School District has completed $41.5 million construction project creating new middle and high school wings along with renovations to existing buildings. Construction is underway on Fading West Development’s new 110,000 SF Modular Home Manufacturing Facility in Buena Vista that will employ 60 people.
CHAFFEE COUNTY MARKET UPDATE
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RESIDENTIAL REAL ESTATE
DEVELOPMENTS
- 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 completed $41.5 million construction project creating new middle and high school wings along with renovations to existing buildings.
- Construction is underway on Fading West Development’s new 110,000 SF Modular Home Manufacturing Facility in Buena Vista that will employ 60 people.
- There are 10 housing projects in various stages of development and completion in Poncha Springs worth a total of 500 housing units with 70% of units being affordable housing.