Having Colorado in an address really seems to add a super premium, even if the location has little to nothing to offer. Checking out homes in Bayfield, CO- quite surprised this town in far southern CO has prices as high as they are. If this location offered great jobs, or something else- and is out West, I can understand the price. But this location appears to offer next to nothing, except bills for propane and a lot of outlay for fuel to go anywhere.
I think the house is worth under half of the listing price- but I will be wrong and likely will sell in the high 500's.
1355 N Mountain View Dr, Bayfield CO, is a Single Family home that contains 2241 sq ft and was built in 1989.It contains 4 bedrooms and 3 bathrooms. The Zestimate for this Single Family is $629,900, which has increased by $629,900 in the last 30 days.The Rent Zestimate for this Single Family...
Does the house have a reliable internet connection?
If yes, then it's worth the price in Colorado.
Some random tech person in CA or in NY might suddenly get a wild hair about moving to the middle of nowhere in Colorado, and this house is perfect if it has internet.
So, hence, it's worth $500k, at a minimum.
What YOU think the house is worth is meaningless.
What someone decides to pay for it is all that matters.
Here in Colorado, I've watched house prices just go completely bonkers.
People are moving here from other states for a variety of reasons.
I did. Twice.
I lucked out and timed the housing market pretty nicely when I bought the two houses here that I did.
But the best part is that you don't have to live here.
Just about every state that shares a border with Colorado is cheaper to live in, costs less to buy a house in, and is probably better aligned with someone who wants to retire in peace and quiet, with no one living nearby for at least a mile or so.
And you can drive from that state to Denver in under a day. Such a nice, centrally located city.
Visit the kids whenever you need.
I'm not sure why you're obsessed with house prices being below the price in Jan 2021, but when you finally find a house that you like, you let us know.