Pagosa Springs, Colorado, Real Estate, Property, D. West Davies, Jim Smith Realty, All Things Pagosa

Pagosa Springs Real Estate sales continued its upward climb in sales for the first quarter of 2011 over the same period in 2010.  In my office we are seeing many more buyers inquiring about properties online, coming into our office to look around and closing on properties. Most of our buyers are looking for that fantastic deal which is usually a bank-owned home priced way under replacement value.

Below are  the most recent stats from the Pagosa Springs Area Association of REALTORS®.

Number of homes (all types) sold in the first quarter of 2011 increased over the first quarter of 2010: 60 vs. 49 units respectively, an increase of 22%. Average Selling price in 2011 = $295,367 vs. $298,522 in 2010, down 1%.  Foreclosure sales for residential properties in the MLS = 18 in 2011 vs. 13 in 2010, up 38%. Average selling price for those homes =$203,808 in 2011 vs. $258,084 in 2010, down 21%.

Single-family home sales in 2011 = 48 vs. 41 in 2010, an increase of 17%. The average sales price in 2011 was $341,530 compared to $330,937, showing a increase of 3%. Median sales price in 2011 was $255,000 compared to $302,000 in 2010, a decrease of 16%.

Pagosa Springs Residential Sales Stats -- Q1 2011

Condo/Townhome sales made an increase (33%) in 2011 from 2010. The average sales price decreased 27% over 2010; but the median price decreased by 36%.

Pagosa Springs Condo Sales Stats -- Q1 2011

For both residential and land (all types), sales were up in 2011 by 21% over 2010. Average sale price in 2011 =$226,894, 2010 = $246,320, down 8%. Median sale price in 2011 = $136,750, 2010 = $193,500, down 29%.

Land (all types) sales = 22 in 2011 vs. 19 in 2010, up 16%. Average 2011 sales price = $40,150 vs. $111,692, down<64%. Median sales price = $23,500 in 2011 vs. $37,000, down 36%.

Pagosa Springs Land Sales Stats -- Q1 2011

Commercial sales showed 5 in 2011 compared to 4 in 2009, an increase of 25%. The average sale price decreased from $139,725 in 2010 to $79,800 in 2011, down 43%. The median sale price decreased from $69,450 in 2010 to $35,000 in 2011, down 50%.
The number of sold properties are up across all property classes for the first quarter of 2011, with average sale prices down except in single-family homes. Single-family home sales are back up to the 2007 level and land sales have increased to above the 2008 level, but with very low prices.

Active Listings:

As of April 4, 2011, the total active listings for all types of residential properties throughout Archuleta County is 521; down from 562 one year ago. The average list price is $413,320 and the median listed price is $265,000, both down from Q1 of 2010. There are 849 active listings presently in the Land class (all types) compared to 875 in 2010. There are 728 residential Land listings alone with an average list price of $114,130 and median list price of $ $59,900, both down from Q1 of 2010.

This information is deemed reliable, but not guaranteed. For more information, contact Janet Santopietro at the Pagosa Springs Area Association of REALTORS®

Email me for Pagosa Springs real estate information including homes, ranches, condos and maps.

Real Estate Market Gains Ground — Pagosa Sun 10/13/10
Jim Smith Realty 2010 Quarter 3  Newsletter

From National Association of Realtors:
Existing Home Sales Resume Uptrend with Stable Prices — Dec. 22, 2010
NAR Housing & Economic Indicators

Inside Real Estate News — I follow this website for Colorado specific real estate news although they ten to focus on the Denver real estate market.

Traditional Pagosa Springs Real Estate Search
Visual IDX Pagosa Springs Real Estate Search (includes a tutorial video)
My Pagosa Springs Home Listings

Previous Pagosa Springs Real Estate Statistics (compliments of the Pagosa Area Association of Realtors):

2010

1st Quarter 2010 Statistics

2nd Quarter 2010 Statistics

3rd Quarter 2010 Statistics

January 2010 Statistics

February 2010 Statistics

March 2010 Statistics

April 2010 Statistics

May 2010 Statistics

June 2010 Statistics

July 2010 Statistics

August 2010 Statistics

September 2010 Statistics

October 2010 Statistics

November 2010 Statistics

2009

2009 Annual Statistics

1st Quarter 2009 Statistics

2nd Quarter 2009 Statistics

3rd Quarter 2009 Statistics

4th Quarter 2009 Statistics

January 2009 Statistics

February 2009 Statistics

March 2009 Statistics

April 2009 Statistics

May 2009 Statistics

June 2009 Statistics

July 2009 Statistics

August 2009 Statistics

September 2009 Statistics

October 2009 Statistics

November 2009 Statistics

December 2009 Statistics

2008

2008 Annual Statistics

4th Quarter 2008 Statistics
3rd Quarter 2008 Statistics
2nd Quarter 2008 Statistics
1st Quarter 2008 Statistics


January 2008 Statistics
February 2008 Statistics
March 2008 Statistics

April 2008 Statistics

May 2008 Statistics
June 2008 Statistics
July 2008 Statistics
August 2008 Statistics
September 2008 Statistics
October 2008 Statistics
November 2008 Statistics
December 2008 Statistics

2007

2007 Annual Statistics

2007 4th Quarter Statistics

2007 3rd Quarter Statistics

2007 2nd Quarter Statistics

2007 1st Quarter Statistics

December 2007 Statistics

November 2007 Statistics

October 2007 Statistics

September 2007 Statistics

August 2007 Statistics

July 2007 Statistics

June 2007 Statistics

May 2007 Statistics

April 2007 Statistics

March 2007 Statistics

February 2007 Statistics

January 2007 Statistics

2006

2006 1st Quarter Statistics

2006 2nd Quarter Statistics

2006 3rd Quarter Statistics

2006 4th Quarter Statistics

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