Chaffee County Market Update Q2 2022
Chaffee County continues to see a strong housing market.
Commercial Real Estate sales volume of $13,092,500, with 15 transactions (YTD) through the second quarter of 2022, down by 29.9% compared to 2021 having $18,689,250 in sales volume consisting of 28 transactions.
Residential Real Estate sales volume through the second quarter of 2022 up 12.3%, totaling $164,860,894 (YTD) compared to 2021 sales volume through the second quarter of $146,792,385 (YTD).
The average house price for 2022 in the second quarter, was $704,534 compared to 2021 average home price at $558,146 an increase of 26.2%.
| 2021 Q2 | 2022 Q2 | %+- | |
| VELOCITY (Source – MLS) | |||
| Commercial Sales Volume | $18,689,250 | $13,092,500 | -29.9% |
| Commercial Transactions | 28 | 15 | -46.4% |
| VACANCY RATE | |||
| CAP RATE | |||
| SALES TAX INDICATORS (Source – ) | |||
| All Sales Tax | $3,439,072 | $3,517,921 | +2.3% |
| Lodging Taxes | $16,191 | $31,313 | +93.4% |
