Salida Colorado Home Prices April 2014

By
Real Estate Agent with Bradfield Ramsey Group

Salida Colorado Home Prices

April, 2014

Salida Colorado Home Prices and Salida Colorado Homes for Sale are both live links and updated regularly if you want to study the market on your own.

 

As many of you know, the nation's real estate market is either hot or heating up. I would give us a lukewarm and hope for warmer this spring. We generally follow the Denver market and 2 years later we are eagerly waiting our turn.

 

A healthy market involved 3 factors; namely market time, inventory and price trends.

Market time

One of the ways you can tell wheather the market is a seller's market (warm to hot sales) is market time. In March, the average days on market for homes sold in that month was 219. March, 2013, the average days on market was 147. For active homes, the average DOM is 295. 

In a balanced market, market time is 180 days. Last year, Salida was under that and this year, we are much higher for active listings and significantly higher for sold homes. 

According to the  time on market indicator, we are not yet back in the "saddle" of a healthy seller's market. 

Inventory

What about inventory? Is it decreasing as it should in a seller's market? Looking at the graph below, the answer is yes. Right now, we are balanced with a resounding yes on decreasing inventory and no on the days on market.Salida Colorado Home Prices

Price Trends

According to the graph below, we hit the doldrums right when we expected it to hit, in November. Since January, we have been back on track with increasing sales prices, which correlates with decreasing inventory.

Salida Colorado Home PricesThe million dollar question.. is the market improving? Yes. Is it a hot market? No. Sale prices are up, inventory is down but time on market is still very long. Nationally, 34% of homes sold in march were sold in under a month.

Slow and steady. We are improving. We are hoping for a more brisk market later in the spring.

 

Salida Colorado Home Prices

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Salida Colorado Home Prices 

Jan -March 1, 2014

 

Salida Colorado Home Prices and Salida Colorado Homes for Sale are both live links and updated regularly if you want to study the market on your own.

This blog post will be approached two different ways. In our neighboring communities of Nathrop, Howard, Coaldale and Cotopaxi, almost all the properties are considered HWA (homes with acreage) because they are on 1 acre or more. In Salida, however, we have a mix of residential (homes with

Combined Statistics (Both residential and HWA)

The number of active listings in Salida (81201) increased by 1.2% from the previous month.

The median number of days active properties have been listed is 247. This is much longer than the national average of 92 days. As you can see, home prices over the past year went up and then actually ended up a bit lower than April, last year. Sold prices peaked in late summer, early fall and then went back to what it was 4/13. However, if you look at January until March 1, there appears to be a slow steady increase.. a good sign for the spring.

 

Salida CO Home Prices

Another good sign for spring sellers is that inventory has steadily decreased since October. In general, when inventory decreases, sold prices go up. We will see if that indeed happens this spring. Early indications indicate that it will indeed be the case.

Salida Colorado Home Prices

And now the fun begins. As mentioned earlier, our delightfully split personality Salida has two faces... residential and HWA (homes with acreage). As of March 1, Salida had 57 homes for sale and 67 homes with acreage for sale. As you can see below, the average price of the homes with acreage is about 42% higher than the residential homes in town. They are generally bigger, newer and on more land. Sold prices for homes with acreage average about 3o% higher than residential.

Salida Colorado Home Prices

There are more homes with acreage on the market than residential but only 5 HWAs sold since 1/1/2014, as compared to 17 residential homes. 

Overall, homes with acreage take longer to sell (average 500 days on market), sell for more when they do. 

We are gearing up for a warmer market. It is time since 91% of the rest of the country is in a hot market. We will take warm!

 

Salida Colorado Home Prices 

 

 ----------------------------------------------------

Salida Colorado Home Prices 

Jan -March 1, 2014

 

Salida Colorado Home Prices and Salida Colorado Homes for Sale are both live links and updated regularly if you want to study the market on your own.

This blog post will be approached two different ways. In our neighboring communities of Nathrop, Howard, Coaldale and Cotopaxi, almost all the properties are considered HWA (homes with acreage) because they are on 1 acre or more. In Salida, however, we have a mix of residential (homes with

Combined Statistics (Both residential and HWA)

The number of active listings in Salida (81201) increased by 1.2% from the previous month.

The median number of days active properties have been listed is 247. This is much longer than the national average of 92 days. As you can see, home prices over the past year went up and then actually ended up a bit lower than April, last year. Sold prices peaked in late summer, early fall and then went back to what it was 4/13. However, if you look at January until March 1, there appears to be a slow steady increase.. a good sign for the spring.

 

Salida CO Home Prices

Another good sign for spring sellers is that inventory has steadily decreased since October. In general, when inventory decreases, sold prices go up. We will see if that indeed happens this spring. Early indications indicate that it will indeed be the case.

Salida Colorado Home Prices

And now the fun begins. As mentioned earlier, our delightfully split personality Salida has two faces... residential and HWA (homes with acreage). As of March 1, Salida had 57 homes for sale and 67 homes with acreage for sale. As you can see below, the average price of the homes with acreage is about 42% higher than the residential homes in town. They are generally bigger, newer and on more land. Sold prices for homes with acreage average about 3o% higher than residential.

Salida Colorado Home Prices

There are more homes with acreage on the market than residential but only 5 HWAs sold since 1/1/2014, as compared to 17 residential homes. 

Overall, homes with acreage take longer to sell (average 500 days on market), sell for more when they do. 

We are gearing up for a warmer market. It is time since 91% of the rest of the country is in a hot market. We will take warm!

 

Salida Colorado Home Prices 

 

 

Posted by

 

Paula Bradfield, PhD, GRI, EPro, CIAS, CDPE, Realtor
Phone: 719.221.6108 | Email: Paula@InSouthernColorado.com  
Website: SouthernColoradoHomesOnline.com

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Your Salida Colorado Realtor Team

 

 

 

 

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Specializing in homes and land in the Colorado river towns of Salida, Howard, Coaldale, Cotopaxi, Nathrop, Poncha Springs  and Buena Vista, I am here to work for you as you buy or sell your home or land. 

 

It is not just about buying in this area. it is a statement about lifestyle. Our residents generally are active people, whether it involves horses (my passion), white water rafting, cross county or downhill skiing, hiking, mountain biking, or Contra dancing. Some prefer quiet sunrises, strolls through town and time in one of our fabulous coffee shops or restaurants. Whatever the style, folks appreciate this area for its charm and beauty.

 

Want to get more information on available homes or condos in the Central Colorado River Valleys? Go to SouthernColoradoHomesonline to search the area listings by town, zip code or county.

 

Looking for Paula Bradfield?     Let me Google That for You!

 

 

Our Colorado Mountain river communities: A Snapshot

 

Salida ColoradoSalida:  As quoted in the 2004 edition of Outside Magazine, Salida is “Sweetly unpretentious” as they ranked it as one of their “Dream Towns and Adventure Hideouts.” You might agree. Our community of 6,500 (9700 counting the surrounding homes) is surrounded by Forest Service and BLM lands, a haven for bicyclists, campers, folks who love to fish, hikers, skiers, nature photographers and hunters. It is a lovely natural setting with several converging mountain ranges  (We have15 peaks surrounding us that reach over 14,000 feet in elevation).

 We are known for being the Banana Belt of Colorado and this area is known as one of the Colorado River Towns. The Arkansas River winds its way through the Arkansas Valley, through downtown Salida and more; creating an invitation to rafters, kayakers, fishers, and “beach lovers” alike.

 Salida’s charming downtown area had the largest historical downtown district in Colorado. We have blocks and blocks of Victorian and other historic buildings. Because so many folks also come here to play, we have many of the advantages of a smaller resort town: great restaurants, 22 art galleries, fabulous boutiques, outdoor sportswear stores, and an array of shops for music, kitchen, sports, natural foods, children, books, knitters, and quilters.

 

 

 Real Estate in Salida CO

 

Poncha Springs COPoncha Springs: Poncha Springs is a small Salida “bedroom community” (population of 474 but a few thousand when you consider the outlying neighborhoods and ranches). Because it was surrounded  by hot springs (99 nearby) and had a strong early  influence of Spanish culture, the community became known as  Poncho (meaning cape and warmth) Springs. In 1924, the town officially became Poncha Springs.

 

Real Estate in Poncha Springs

 

 Howard ColoradoHoward: Howard, part of what is known as Pleasant Valley, is nestled along the Arkansas River as it snakes its way from Salida to Canon City. Some of the early settlers in the area were prospectors (some still pan for gold in the tributaries of the Arkansas).  Besides gold and silver, rhyolite, travertine, and limestone were sought after. Just a bit north of Howard is a tiny community of Wellsville where the locals used to soak on their time off in the natural hot pools. The area became more populated when the Rio Grande Railroad came through. Today, Howard is a charming, quiet ranch community and “bedroom Community” for folks who work in Salida. Many avid fly fishing folks have 2nd homes here. I love this valley.

 

Real Estate in Howard CO  

 

Coaldale Colorado

 

Coaldale: Coaldale, a tiny community just SE of Howard opens up into a lovely, meadow-like area with many horse properties, ranches, and folks who like the open meadows and surrounding mountains. It got its name from being called Charcoal Valley. In the early days, the Pinon Pines were burnt in beehive kilns to turn them into coals used for the silver smelters in Leadville Co and Pueblo CO. Some of the early kilns can still be seen. Every valley in Coaldale has a creek in it and with just a few minutes drive to the west, you can be on national forest trails. Absolutely lovely community.

 

 Real Estate in Coaldale CO

 

This image can be found at http://www.colorado.com/CotopaxiCotopaxi: Cotopaxi, named after an Ecuadorian Volcano, grew from being a “whistle stop” for the Rio Grande railroad. Now it is known for world class white water rafting and fly fishing. Folks who live around here can commute for work to either Canon City, further east or back to Salida..it is almost midway between the two. Cotopaxi is a great location for vacation/second home or your primary residence if you don’t mind the commute or can work from home.

 

 

 

Real Estate in Cotopaxi CO

 

This image can be found at http://www.sunset.com/travel/rockies/ways-to-warm-up-in-salidaNathrop:  Nathrop, a quiet community north of Salida has always been known as the access point to Mount Princeton Hot Springs. To this day, folks come to soak in the restorative waters. It is my personal favorite in hot springs because the 104-degree water not only comes into the soaking and lap pools but comes out in Chalk Creek, running alongside the pools. I can spend all day there with a book, adjusting the rocks so that the water is neither hot nor cold. Lovely. Many folks choose to live in the area because of access to the hot springs and national forest.

 

 

 

 

Real Estate in Nathrop CO

 

This image can be found at http://www.rockies.com/colorado/city-guides/buena-vista-colorado.htmlBuena Vista: Buena Vista was named after it’s stunning 360-degree views. Folks originally settled here because of the gold mining. Later, families began farming and ranching as they discovered the good soil in the area. The stagecoach and subsequent railroad brought more families to the area. With a population of about 2500 people, the town remains quiet and gracious. It is known as the best kept secret place to stay for folks skiing at the premier resorts near Denver and Aspen…because the town is so friendly and hotel rates are inexpensive. It is a few miles from Cottonwood Creek Hot Springs and Mt. Princeton.

 

Real Estate in Buena Vista Colorado

 

Crestone...beginning of the sunsetCrestone: Unique, magical and beautiful are words that tumble out of my mouth when I think of Crestone. The tiny town proper is 150 and the surrounding area is no more than 1500 when everyone is home. The magic of Crestone however, is its history. Early on, a rancher was instructed to bequeath parcels of his ranch to spiritual groups around the world which he did. It is now known for having the most diverse spiritual community in the world. Spiritual seekers in North America eventually hear about Crestone. And, it generally takes knowing a local or more than one visit for the fullness of the area to emerge…the 5 creeks heading up into the Sangre de Cristos, the temples hidden in the trees, the lovely residents and the “happening”. The local newspaper, the Crestone Eagle, has calendars of event for local happenings that rival a town 10 times its size. If you want a sanctuary, Crestone offers just that.

 

Real Estate around Crestone CO

 

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