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