Chaffee County Q4 2021 Market Update
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 YTD | 2021 YTD | %+- | |
| VELOCITY(Source – MLS) | |||
| Commercial Sales Volume | $11,173,851 | $42,852,250 | +74% |
| Commercial Transactions | 18 | 52 | 288% |
| RESIDENTIAL REAL ESTATE | |||
| Residential Total Sales | $277,612,135 | $334,735,264 | 17.1% |
| Residential Average Price | $478,642 | $606,404 | 21.1% |
| Residential Days on Market | 68 | 30 | -56% |
| Residential New Listings | 707 | 679 | -4% |
| VACANCY RATE | 10% | n/a | n/a |
| CAP RATES – AVG | 6-8% | 6% | 0% |
| SALES TAX INDICATORS | |||
| All Sales Tax | $7,723,299 | $9,194,389 | + 19% |
