Real Estate Sales Up 766 Percent for 2015
According to January real estate statistics, Total Closed Volume for 2015 year-to-date sales in Pagosa Springs is $1,637,500 … as compared to just $189,000 for the first 8 days of 2014 … an increase of over 766%.
The total number of closings was up by 100% with 4 reported so far this year against only 2 closings for the same period of 2014.
We don’t want to take too much away from this very limited measurement of the market. It really demonstrates how making assumptions or declaring trends too early or based on too little data can be misleading, or worse, it reminds us how statistics can be used to purposely deceive people. (For more detail on that subject, see ‘How Statistics Lie’ at this website.)
Still, we welcome this positive change — relative to last year — and hope this early sign of improved momentum will continue. In all likelihood, our market will have a tough time continuing on this comparative level of performance, but perhaps overall things are heading up — as I reported in my ‘Year End Real Estate Report and Future Forecast’ in the Daily Post.
For real estate information that is accurate and insightful, drop me an email MikeHeraty@frontier.net or call me at 970 264-7000.