Market Trend Report August 2021 – The Last 90 Days
Publish Date: August 15, 2021
Crestone/Baca Real Estate Update Home Sales
Sale price: $505,000
In the last 90 Days:
- 24 total homes sold through real estate agents (up from accustomed highs of around 17)
House sale prices are steadily increasing.
- Highest sale price $505,000
- Lowest sale price $172,000
- Median number of days on market 32
Home Sales Summary
| By Price | Units Sold | Number of Active listings at this price point |
| $600K+ | 0 | 1 |
| $500K – 599K | 1 | 4 |
| $400K -499K | 6 | 3 |
| $350K – 399K | 6 | 5 |
| $300K -349K | 4 | 2 |
| $200K – 299K | 1 | 2 |
| < $200k | 1 | 2 |
Vacant Lots/Land Sales
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
