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January 2022 Buena Vista and Salida Real Estate Report

February 14, 2022 By Mark Krasnow

HOMES CLOSED
Chaffee County saw 38 homes close throughout the month of January, a 16% year-over-year decrease and a 5% decrease month over month. In January, 33 homes moved to the Pending status, 33% fewer year over year and 8% fewer compared to last month.

MEDIAN CLOSED PRICES
Home prices in Chaffee county hit a median closed price of $580,250 in January, a 49% increase year over year and a 1% increase month over month. Single-family homes closed for a median price of $603,750, 38% more year over year and 2% more month over month. Condo/townhome/multi-family homes closed for a median price of $400,000, 27% more year over year, but 3% less month over month. The average closed price of a Chaffee County home was $608,226, a 40% increase year over year, but a 6% decrease month over month.

NEW LISTINGS
Chaffee County had 32 new listings hit the market in January, a 45% decrease year over year and an 11% decrease month over month. Inventory remained a challenge in January
with 50 Active listings, 21% fewer than last year and 2% more month over month. Weeks of inventory currently stands at 6 weeks in Chaffee County, unchanged compared to this time last year and 1 week more month over month.

MEDIAN DAYS IN MLS
This month, Chaffee County homes spent a median of 6 days in the MLS, 2 days more than last year and 7 days fewer month over month. In January, Chaffee County homes spent an average of 21 days in the MLS, 9 days fewer year over year and 5 days fewer compared to last month.

Filed Under: Real Estate Report

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Mark Krasnow
Broker Associate
Full Circle Real Estate Group
316 W Main St Buena Vista, CO
(719) 221-1500 (c)
(719) 395-0101 (o)

 

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