2010: Year in Review

Salida Realtors cover a pretty broad area, geographically speaking. In fact I’d say we do business within about a 100 mile radius, and that covers a lot of different kinds of properties in a variety of municipalities and outlying areas. For this reason, I’ve broken down the year in review by region to help paint a better picture of our overall market.

In SALIDA, there were 120 residential closings in 2010. The most expensive of which sold for $926,000, and the least expensive, for $5,000. The average list price was $319,165 and the average sold price, $294,164, or about 93% of the asking price. If you’re thinking about listing your home, the average number of days on the market was 245.

In CHAFFEE County, there were 216 residential closings in 2010 ranging from $926,000 to $5,000. The average list price in the county was $299,666, with an average county wide sale price of $278,466, or, again, about 93% of asking. Properties in the county spent an average of 257 days on the market.

In CHAFFEE, SAGUACHE and FREMONT Counties, there were 294 residential closings in 2010. Sales prices ranged from 1.5 million on the high end, to $5,000 on the low end. The average list price for the tri-county area was, $278,855, with an average sale price of $258,357, or 93% of asking. Average number of days on the market? 244.

What does this mean? If we look back at 2009, the short answer is that the Salida area real estate market is stable. 2009’s numbers are remarkably close to 2010’s, with overall sales up just slightly this year. Salida isn’t immune to some of the real estate trends being seen in other areas of the country. We do have some foreclosures, short sales, and homes at auction, but this is a small subset, not a market trend. For buyers and sellers serious about doing business in the area, I hope these numbers help you set expectations as we embark on 2011 together.

K. Hale Chamblee

Broker Associate

719-221-4637

Hale@WesHillRealEstate.com
Contact K.