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.

real estate sales pagosa springs 2015

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.

Mike Heraty

Mike Heraty is Managing Broker and Owner of Pagosa Source Real Estate Advisors. Mike has been active in local real estate for over twenty years. Mike holds a Master of Real Estate Designation (MRE), is a Member of the Council of Real Estate Brokerage Managers (CRB), and holds brokerage licenses in Colorado and New Mexico. You can reach him at MikeHeraty@frontier.net or at 970 264-7000.