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October Buena Vista and Salida Real Estate Report

November 16, 2022 By Mark Krasnow

Welcome to the Chaffee County Real Estate Report

Chaffee County Colorado Real Estate Report: October metrics for the Buena Vista, Salida, Poncha Springs, and Nathrop housing market reflect a stabilizing market. The total number of listings that closed in October was higher than last year thanks to an increase in sales of condos/townhomes/multifamily homes. Compared to October 2021, median closed prices were up overall; however, the median price of a single family home decreased by 10%. Throughout the month, 15 homes had a closing price 800,000 or more. The number of new listings sellers brought to the market was lower than what we saw the last three Octobers, which could lead to tighter inventory in the coming months. Sellers should expect their homes to be actively on the market for at least a month, as buyers are taking more time to submit offers. They should also be prepared to negotiate with buyers who are seeing less competition.

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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