Salida home prices are similar to U.S.

Leslie Walker — Mon, 23 Feb 2009 22:23:12 +0000

Many people ask how prices in the Arkansas River Valley compare to the rest of the country. For Chaffee, western Fremont, Park, Lake and Saguache counties, for the month of January 2009, the median sales price of a home was $285,000. In January 2008, the median selling price was $249,000, an increase of 14%. In Salida, for the month of January 2009, the median home sales price was $285,000 vs. $$319,000, a drop of 11%.

Overall, the National Association of Realtors (NAR) reports that existing home prices are declining at a rate of 12.4% a year. In the U.S., the median sales price dropped 10% in 2008 from 2007.

NAR reports that in Denver in 2008, the median homes sale price was $219,300, down 11% from 2007. In Colorado Springs in 2008, the median sales price was $205,500, down 6% from 2007.

Salida is in line with price drops in Denver, Colorado Springs and the rest of the country. However, the median home sales price in the area continue to rise.

Salida Citizen2009 prices

Salida home prices are similar to U.S.