June 07 Residential Real Estate Statisitcs

Pagosa Springs June of 07 Residential Real Estate Statistics. All numbers were compiled using the local area MLS database. This includes all residences, Single Family, Multifamily, Condo and Manufactured on less than 1 and 1/2 acre in the Pagosa Springs area.

June Residential 2007 # Homes Median Lowest Highest
NEW LISTINGS 69 $295,000.00 $50,000.00 $884,900.00
PENDING CONTRACTS 28 $260,000.00 $49,900.00 $795,000.00
SOLD 26 $304,000.00 $84,900.00 $525,000.00
DAYS ON MARKET 176 31 410

June has been hot and dry here in Pagosa with a relativly “normal” flow of vacationers and tourists. July starts our busy season, peaking out in the fall. We are seeing a higher than normal inventory on all residential and vacant land. This is still a Buyers’s Market to some degree. My advice to Sellers trying to move their property is that they must be priced in the top 10 %. 

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