Local Sales Activity Increases – Fall Colors Peak

In the past several weeks, we have noticed a marked increase in sales activity in the Pagosa Springs Market. No, we are not experiencing any kind of return to real normalcy yet, but we are experiencing a small “surge” in offers. Of course, we normally get an up tick this time of year, but we are nevertheless very happy for this small revival of real estate sales. Many of the properties being placed under contract are upper end properties above $600,000 reaffirming our assumptions that the upper middle class is flush and can make a move if they want without the help of a great deal of financing. Many of these are cash buyers.

So far all the flak in Washington and the big bailout is not dampening the enthusiasm of our buyers. So if you are a Seller, you may want to consult with your real estate agent and examine your asking price. One thing is still certain – it is a Buyer’s market and Sellers need to be very aggressive in attracting a Buyer for their property. Everything from enhancing curb appeal to reducing the price needs to be considered.

With the Election coming ever closer, I think many are experiencing Election Fatigue. Most voters have  already decided which side they will take – so the war if for the undecided vote with ever increasing intensity.  I think we will all sigh a sigh of relief on Election Day – I hope.

The Fall Colors are rapidly progressing. I am told that as of the last weekend Monark Pass and the road between Lake City and South Fork have great colors at there peak. Our colors around Pagosa Springs will most likely peak this coming weekend or shortly there after.

Have a nice day!

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Posted by Jim on Sep 30 2008. Filed under Articles, Pagosa Living. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.