Chaffee County 2022 Q4 Market Update
DEVELOPMENTS
- Chaffee County Land Use Code is being re-done. This may cause several hiccups in land development in the future.
- Cleora- Platted in 1879, will create 80 lots priced very well
- Union Pacific Railroad will be selling some property 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 relocation to the area.
- Town of Buena Vista is looking to solve the lack of water issues for taps
- Town of Poncha Springs trying to resolve a sewer issue for a line that needs expansion.
| 2021 Q4 | 2022 Q4 | %+- | |
| VELOCITY | |||
| Commercial Sales Volume | $42,852,250 | $26,717,500 | -37.65% |
| Commercial Transactions | 52 | 27 | -48.08% |
| VACANCY RATE | N/A | N/A | N/A |
| CAP RATE | N/A | 6-7% | N/A |
| SALES TAX INDICATORS | |||
| All Sales Tax | $10,463,994 | $10,872,989 | +3.9% |
| Lodging Taxes | $54,558 | $89,035 | 63.2% |
