Chaffee County Q1 Market Update

Chaffee County Q1 Market Update

Chaffee County First colorado land office

 Chaffee County remains a strong market with keeping fairly consistent with sales volumes compared to this time a year ago within the County. Commercial Real Estate sales volume of $3,698,644, with 6 transactions (YTD) through the first quarter of 2023, down by 28% compared to 2022 having $5,104,000 in sales volume consisting of 5 transactions. Residential Real Estate sales volume through the first quarter of 2023 is up slightly with sales totaling $62,931,050 (YTD) compared to 2022 sales volume of $59,267,388 (YTD). The average house price for 2023 in the first quarter, was $623,080 compared to 2022 average home price at $644,211 a decrease of 3%. 


Union Pacific Railroad will be selling 12.12 acres in Downtown Salida with River Frontage. This will be a great commercial development opportunity. 

Chaffee County Economic Development is working with several new businesses, some as start-up and some as relocations to the area. 

Alpine West Development moves forward on CR 306 in Buena Vista. 

 2022 Q12023 Q1%+-
Commercial Sales Volume$5,104,000 $3,698,644-28%
Commercial Transactions56


All Sales Tax




Lodging Taxes $10,170  $6,186  -39.2%

About The Author

Jeff Post, First Colorado Land Office

A top-producing realtor since 2000 and owner of First Colorado Land Office since 2006, Jeff Post is a highly respected community leader with a deep commitment toward making a difference. A proud fifth-generation resident of Salida, Colorado, Jeff combines his knowledge and experience in commercial real estate to help Chaffee County attract new business and enhance growth opportunities for existing businesses.