Salida Home Sales – October 2016

Salida Home Sales – October 2016

So far this year, 188 homes have sold in and around Salida; 101 of these sales have been in town, the rest either homes with acreage or homes in Poncha Springs or Maysville. The Salida median home price in 2016 has risen to $324,000, compared to $281,000 in 2015. Part of the increase is due to increased demand, and part may be due to an increase in the sales of newly built homes which tend to be more expensive than older homes.
Here’s a breakdown of what has sold so far this year – the links take you to the full MLS display for each group of sales, so you can see additional photos and details on each home that has sold.
32 homes sold for under $275,000

46 homes sold in the $275 – $375K price range

32 homes sold for over $375,000

Why all the interest in Salida?

Colorado is the 4th fast growing state, and Denver is the 6th fastest growing city in the country. There are currently about 3,000,000 people in Denver, and it’s projected to grow to 3,300,000 by 2020. While Salida’s population is about 5,500; Denver is projected to grow by 6,250 people per month for the next 4 years! Denver is adding one Salida per month, and its real estate prices are following suit (as is congestion, traffic, rent etc.). It’s reasonable to expect a lot of those Front Rangers to cash out and move somewhere close by, but a little smaller. Like Salida.

2015 Median Home Prices in a few Colorado towns:
Aspen- $1,500,000
Boulder – $685,000
Breckenridge – $629,000
Durango – $400,000
Denver- $326,000
Salida – $275,000

Sources: Forbes magazine, Metro Denver Economic Development Corp., Durango Herald, Zillow, Trulia
16% of Salida home sales were in the under $250K price range (18 out of 106)
49% of Salida home sales were in the $250—$350K price range (54 out of 106)
35% of Salida home sales were in the over $350,000 price range (37 out of 106)

Salida Home Sales – Homes with Acreage

50 homes with acreage sold around Salida in 2016:

Median price for a home with acreage is $437,000
Lowest price for a home w/acreage was $185,000
Most expensive home with acreage sold for $900,000

January-April 2016, Salida Land sales

101 vacant lots have sold in the Salida area this year
46 of these were under 1 acre, with a median price of $75,000.
30 of these were in the 1-3 acre range, with a median of $77,250
25 were over 3 acres, with a median of $140,000

The most expensive lot was 19 acres near the old stock yards on the Arkansas river which sold for $1,128,000. This is the site of the proposed Sprout Tiny Homes development.

 

You can search all active listings at our Salida Homes for Sale page

You can find previous Salida Real Estate Market updates here

List of Salida homes sold in third quarter of 2016

 

ADDRESS BEDS BATHS SQ. FT. SELL PRICE
140 W. FIRST STREET UNIT D 2 1 741 $155,000
109 N F STREET UNIT C 1 1 1100 $190,000
321 W FIFTH 2 1 724 $220,000
953 W. THIRD ST 3 1 988 $229,000
1032 D STREET 3 1 1314 $243,500
239 WEST FOURTH ST 2 2 825 $260,000
709 DODGE ST 2 2 1164 $265,000
110 STARBUCK CIRCLE 3 2 1351 $276,700
1547 I STREET 2 1 825 $281,500
1420 L STREET 3 2 1680 $285,000
1512 I STREET 3 2 1171 $288,000
113A CRESTONE MESA DRIVE 3 2 1518 $295,000
1433 I ST 4 1 2106 $299,000
105 B M & M LANE 3 2 1553 $306,000
138 N. M STREET 3 2 1202 $310,000
233 E THIRTEENTH ST 3 1 1661 $315,000
155 STARBUCK CIRCLE 3 2 1759 $329,000
105 STARBUCK CIRCLE 3 2 1925 $333,000
1423 H STREET 3 2 1352 $333,750
321 EAST 2ND STREET 2 1 1342 $340,000
305 PONCHA BOULEVARD 3 1 2336 $340,000
208 RIVER LEFT LANE 3 2 1455 $345,000
206 RIVER LEFT LANE 3 2 1455 $345,000
836 D STREET 2 2 1232 $360,500
1035 H STREET 3 3 1755 $364,000
1444 F STREET 3 1 2020 $373,333
533 G STREET 3 1 1341 $378,000
809 W. FIRST ST. 4 3 2128 $380,000
1302 G STREET 3 2 1536 $395,000
227 E SACKETT AVENUE 2 1 1363 $409,500
617 F STREET 3 2 1591 $425,000
705 W. THIRD 3 3 2085 $456,000
326 OURAY AVE 3 1 2264 $465,000
403 SCOTT ST. 3 2 3198 $495,000
334 WEST PARK AVE 3 1 1910 $581,200
668 W. SACKETT AVE. 3 2 1652 $700,000
July – Sept.,  # of Residential sales 36
July-Sept.,  Avg. Price/S.F. $222
Q3 Residential $ volume $12,366,983
2016 Median Price $325,000

Post written by Mike Hawley / michael@mysalida.com / 719-530-1281
You can also call or text our office at 719-530-1038 or email office@mysalida.com