Pagosa Springs Real Estate prices continued to decline this year. The 2009 fourth quarter saw 73 total residential homes sold for an average price of $333,498 and median price of $246,500. With just a few days to go in the 2010 fourth quarter we have seen 68 sales with an average price of $257,657 and median price of $215,000. These figures include all residences including mobile homes and condos.
For stick built homes only, the 2009 fourth quarter saw 61 total residential homes sold for an average price of $374,363 and median price of $265,000. With just a few days to go in the 2010 fourth quarter we have seen 56 sales with an average price of $289,708 and median price of $269,500.
We are seeing more people visiting Pagosa Springs and our office is getting more web inquiries than last year.
Pending home sales were up nationally in October and we are hoping to see that trend continue as Americans become more confident in our economic outlook.
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.
Previous Pagosa Springs Real Estate Statistics (compliments of the Pagosa Area Association of Realtors):