Sangre de Cristo Real Estate

A premier boutique brokerage serving the San Luis Valley of Colorado

Market Trend Report August 2021

Market Trend Report August 2021 – The Last 90 Days

Publish Date: August 15, 2021

Crestone/Baca Real Estate Update

Home Sales

542 Cottonwood Creek, 81131 
Sale price: $505,000

In the 90 Days:  24 total homes sold through real estate agents (up from accustomed highs of around 17)

House sale prices are steadily increasings.

Highest sale price $505,000

Lowest sale price $172,000

 Median number of days on market 32

Home Sales Summary

By PriceUnits Sold Number of Active listings at this price point
$500K – 599K14
$400K -499K63
$350K – 399K65
$300K -349K42
$200K – 299K 12
< $200k 12
This report does not include homes sold by builders and FSBO not listed on the MLS.

Vacant Lots/Land Sales

2307 Echo Ol, Crestone 81131 
Sale Price:$209,900

Land Sale Summary

In the last 90 Days: 

  • 42 total vacant land parcels sold through real estate agents
  • Sale prices ranged from $5,500 to $209,900

The average lot sale price was $26,000.

The two highest priced sales were $209,990 for 22.48 Acres off Big Sands Way and $79.5k for 5 consolidated lots on N Chaparral. Another significant land sale was a 18 acres in Chalet III. 

Lot inventory is down from 1 year ago.

Prices are rising, but land is still very affordable by quality of life and construction measures.  One significant difference compared to a year ago is that lots that considered unsellable in prior years are now selling.  Compared to the past, buyers are interested in lots that require water/sewer line extensions or have an unpaid tap.

Commercial sales:  

1 building in town:  $188K, storage units.

Source:  REColorado MLS