Statistics Chaffee and Lake Counties: Detailed Insights for October 2023
Overview
Delving into the heart of Colorado's Chaffee and Lake Counties, this report for October 2023 offers a unique perspective on the area's natural beauty and real estate dynamics. We provide a thorough analysis of key statistics that are shaping the current market, delivering insights crucial for anyone involved in real estate.
The Essence of Chaffee County
Renowned for its diverse topography, Chaffee County is marked by the meandering Arkansas River and the majestic Sawatch Range. The largest city, Salida, stands tall at about 7,083 feet, showcasing the county's varied elevations and lifestyle offerings.
Lake County's High-altitude Appeal
Bordering Chaffee County, Lake County is celebrated for its elevated living, headlined by Leadville, the highest incorporated city in North America at roughly 10,152 feet. This section of Colorado is rich in history and modern-day recreational opportunities.
Analysis of Median Close Prices
As of October 2023, the median closing price in these counties reached $654,500, showing an upward trend from $634,000 in September 2023 and a substantial increase from $569,000 in October 2022. This pattern indicates a robust and evolving market.
Active Listings Trends
Active listings were recorded at 52 in October 2023, slightly higher than October 2022's 49, but lower than September 2023's 45. This fluctuation reflects a dynamic market with evolving opportunities for buyers.
Sales Volume Insights
There were 248 sales in October 2023, compared to 271 in September and 207 in the previous year's October. These figures suggest a consistently active market with a year-over-year increase in transactions.
Close Price to Original Price Ratio Analysis
The ratio of close price to original price saw a slight decrease to 95% in October 2023 from September's 96.1%, but an increase from October 2022's 94.6%. This trend suggests a subtle shift in market dynamics, favoring negotiations.
Your Market Expert
Christopher Gibson, with deep expertise in Chaffee and Lake Counties', is available for tailored guidance and insights...
NMLS: 1910430
Phone: 720-449-6622
Email: C@ChrisRayGibson.com
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