The Pagosa Real Estate Market Continues to See Marked Improvement!
The real estate market here in Pagosa Springs continues to see marked improvement!
The overall volume and unit sales to date is roughly 43% better that it was one year ago at the turn of 2009.
Traditionally, here in our resort town of Pagosa Springs, the 4′th of July marks a major upswing of buying activity in our real estate market. This year is no different. With outdoor recreation abounding, many families and retirees are shopping for a second home…but not forgetting to enjoy themselves.
Be it Golf, Hiking, Biking, Camping, Disc Golf, ATV trips, Tubing in the San Juan or Soaking in our world famous hot springs, there is something for everyone!
If you would like more information about the summer activities here in Pagosa Springs, visit the “Things To Do” section of the TTC website below.
Click her for VisitPagosaSprings.com
or visit the Jim Smith Realty Area Information Website at www.Pagosa.com
Give us a call if we can help shed any light on the current real estate market conditions. The selection is vast with a little over 1,500 buying options to date in our county.
Click here to view an easy to use searchable map.
Rafters enjoying a little whitewater on the San Juan River
Photo Courtesy of Pagosa Daily Post
Visual of Homes Sales
It helps to see it!
The charts below are a representation of the Archuleta County homes Sales trend over the past 5 years. The time evaluated is for the first 6 months of each year, and segregated by price range.
By looking at the sales trend both from units sales above, and volume of sales below, it appears that activity is shifting toward a more positive pace in 2010. We anticipate a much healthier real estate market this year than last by looking at these indicators.
What is selling in Pagosa?
Here is a snapshot of what buyers are buying. This evaluation marks an increase of activity when compared year over year.
60 Day Evaluation
In the past 60 days in Archuleta County there have been a total of 62 properties that have successfully closed. The total volume was $14,792,052. This indicates a slight increase in unit sales and a increase in volume of sales activity when evaluated against the previous 60 day time period.
Year to Year Evaluation
When evaluated year over year, the sales have significantly increased.
Unit sales of 62 properties vs 50 during the same time period 12 months ago. The total volume was $14,792,052 vs $10,094,955 during the same time period 12 months ago. This is an increase of about 40% over the same time period last year!
You can view these properties by choosing the appropriate links below.
NOTE: The properties below have already successfully SOLD and are no longer available for sale.
Residential
Single Family Homes Sold 34 (Increase)
Median Sold Price $202,914 (Decrease)
Manufactured 2 (Increase)
Median Sold Price $130,500 (Increase)
Condominium 6 (Increase)
Median Sold Price $110,000 (Decrease)
Land
Residential Raw Land 17 (Decrease)
Median Sold Price $55,000 (Increase)
Commercial
Commercial 2 (Decrease)
Median Sold Price $1,97,500(Increase)
NOTE: The time period evaluated is from May 14 2010 to July 14 2010.
Short URL: http://pagosasprings.com/?p=565
Posted by Chris Liverett
on Jul 15 2010. Filed under Featured Articles, Real Estate.
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