Factors Influencing the Market
No B.S. Real Estate Update
Homes, Land, Commercial, Condos
The Pagosa Source
~~Fewer Foreclosures- While first quarter results were not consistent across all property categories, there were enough positive currents underway that the market may justify some optimism for the months ahead. The number of new foreclosure properties entering the market continues to decline and the negative price impact of the foreclosure sales during the last three years has also declined. MORE.....
~~HOMES Sales of single family homes declined 8% from 40 in Q1 of 2013 to 37 reported closings for the first quarter of 2014. Total sales volume declined by 16% over the first quarter of 2013. The average selling price per square foot increased by slightly more than $5.00 to $130.84 per square foot and the List to Sell Discount..... MORE.....