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Chaffee County Q4 2021 Market Update

Chaffee County First colorado land office

Commercial Real Estate sales volume of $42,852,250 with 52 transactions in 2021 is up by 74% compared to 2020 having $11,173,851 sales volume with 18 transactions.

Residential Real Estate sales volume for 2021 was up 17.1%, totaling $334,735,264 with 2020 sales volume at $277,612,135. The average house price for 2021 was $606,404 compared to 2020 average home price at $478,642 an increase of 21.1%.

2020 YTD2021 YTD%+-
VELOCITY(Source – MLS)
Commercial Sales Volume$11,173,851$42,852,250+74%
Commercial Transactions1852288%
RESIDENTIAL REAL ESTATE
Residential Total Sales$277,612,135$334,735,26417.1%
Residential Average Price$478,642$606,40421.1%
Residential Days on Market6830
-56%
Residential New Listings
707

679


-4%
VACANCY RATE 10%n/an/a
CAP RATES – AVG6-8%6%0%
SALES TAX INDICATORS
All Sales Tax$7,723,299$9,194,389+ 19%

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.

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