Home Prices Near Salida Colorado: 2nd quarter

By
Real Estate Agent with Bradfield Ramsey Group

Home Prices Near Salida Colorado: 2nd quarter 2015

 

We recently attended the Keller Williams Mega Camp where Gary Keller talked about the beginnings of a another market shift.  The average growth in real estate is about 4% and year and we naturally move in that general direction. Many of the faster growing markets like Denver are already experience a bit of a market softening. Are we? 

 

 

Salida Real Estate Market: The Shift

Near Salida Colorado, Inventory is going up, construction is still going up, sales are decreasing but prices are still increasing... We are not yet at the moment when the market shifts but it is coming.

 

As you can see below, inventory is increasing again. In June, it reached a low. Buyers were frustrated by the lack of homes. From June 1 till the end of August, the number of new homes on the market as compared to sold and under contract homes is reversing. We are now seeing more new homes than closed homes. This could lead to softer prices and longer time on market. 

 

 

The following graph does a better job at comparing new to under contract and solds... a predictor of a market shift. From the graph below, it appears that the number of homes new on the market is decreasing, solds are decreasing, but the number of homes under contract is increasing. The next graph down may help explain this.

The number of new homes on the market is actually outpacing the number of homes under contract and sold. We are still improving in sales but the homes coming on are taking a bit longer to sell... an early indicator that things may be slowing down.

Salida Colorado Area Housing Market

The town in the hub of our area, Salida Colorado, has its own unique market. It is a bit faster moving than the other areas and has a larger number of in-town homes.... close to 50% homes in town and 50% homes on acreage. Similar to other more rural areas in Colorado, Salida has a large number of homes outside of town. It is pretty easy to do here with a population of 5,500. 

The first graph depicts Salida homes under 1 acre and called Residential. Most are in town. The 2nd graph are homes on 1+ acre. Looking at both graphs, homes in town seem to be more in demand right now but inventory in both categories is increasing faster than sales. 

 

 

Why is it important to know what real estate trends are near you? If you are a seller, price becomes critical. Talk to your realtor so that you stay competitive as the market shifts. If you are a buyer, now is the time. Interest rates are still at an all time low and you will have more homes to choose from. 

 

Is the Arkansas Valley and Wet Valley Calling you?

Homes for sale near Salida CO

Homes for sale near Nathrop CO

Homes for sale near Buena Vista CO

Homes for sale near Westcliffe CO

Homes for sale in Salida's Down valley (Howard, Coaldale, Cotopaxi)

 

Want a FREE app that shows you all the homes for sale nearby wherever you are in the nation?

Click  http://salidacoloradomls.com from your phone to get the app!

 

Want to see the market at a glance by zip code?

Go to Local Market Insider and enter the zip code.

 

 

Home Prices Near Salida Colorado: 2nd quarter

Posted by

 

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

Keller Williams Performance

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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Rainmaker
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David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Paula,

 

Given that Salida has at least three to die for pizza places, Amicas, Moonlight Pizza, and DePasquale's Pizza it is surprising the population isn’t twice what it is. Great town for food and fun. I hope to be back soon.

Sep 06, 2015 07:10 AM #1
Rainmaker
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Paula Bradfield
Bradfield Ramsey Group - Salida, CO
Your Salida Colorado area Realtor Team

We are waiting for you!! And, did you know we have 3 microbreweries now as well?

Oct 03, 2015 03:26 AM #2
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Rainmaker
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Paula Bradfield

Your Salida Colorado area Realtor Team
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