Chaffee County Q2 2024 Market Report

Posted on August 14, 2024 by Jeff Post, First Colorado Land Office in Market Updates
Logo of First Colorado Land Office with the text "Chaffee County Market Update," relevant to Chaffee County real estate trends and market insights.

DEVELOPMENTS

  • Chaffee County has been holding solid in the market comparing sales volumes to this time a year ago within the County.
  • Commercial Real Estate sales volume of $7,816,000, with 10 transactions (YTD) through the second quarter of 2024, down by 12.18% compared to 2023 having $6,918,644 in sales volume consisting of 10 transactions.
  • Residential Real Estate sales volume through the second quarter of 2024 has seen a bit of an increase with sales volume at $169,715,853 (YTD) compared to 2023 sales volume of $156,268,748 (YTD).
  • The average house price for 2024 is up by 10.82% with the average home price being at $737,895 compared to 2023 average home price being at $662,156.
 2023 Q22024 Q2%+-
VELOCITY   
Commercial Sales Volume$6,918,644$7,816,000+12.18%
Commercial Transactions1010

0%

VACANCY RATEN/AN/AN/A
CAP RATEN/A6-7%N/A
SALES TAX INDICATORS    
All Sales Tax

$4,852,365

$5,029,025

+3.6%

Lodging Taxes $26,340 $26,167 -0.7%
Click here to download the full report

About The Author

Jeff Post, owner of First Colorado Land Office, smiling outdoors in a plaid shirt and baseball cap, with mountains and greenery in the background, representing his role in Chaffee County real estate.

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.

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