Chaffee County Market Update Q3 2022
Chaffee County remains a strong market but is seeing some signs of the slowing and changes within the County.
Commercial Real Estate sales volume of $21,702,500, with 23 transactions (YTD) through the third quarter of 2022, down by 51% compared to 2021 having $44,674,558 in sales volume consisting of 56 transactions. Residential Real Estate sales volume through the third quarter of 2022 is up slightly with sales totaling $255,396,863 (YTD) compared to 2021 sales volume through the third quarter of $255,321,566 (YTD).
The average house price for 2022 in the third quarter, was $701,640 compared to 2021 average home price at $594,652, an increase of 15.25%.
| 2021 Q3 | 2022 Q3 | %+- | |
| VELOCITY | |||
| Commercial Sales Volume | $44,674,558 | $21,702,500 | -51.42% |
| Commercial Transactions | 56 | 23 | -58.93% |
| VACANCY RATE | n/a | n/a | |
| CAP RATE | n/a | n/a | |
| SALES TAX INDICATORS | |||
| All Sales Tax | $7,011,418 | $7,202,514 | +2.65% |
| Lodging Taxes | n/a | n/a |
Click here to download the full report with both commercial and residential market data.
