REAL ESTATE: The Riley Report
Hello From Pagosa Country!
Because I have just arrived back in town after attending a convention, I’m going to post an abbreviated report this month.
Inventory on the low end of the price range continues to be scarce. There are no condos available under $100,000, and there are only 10 homes available under $200,000.
Both closed sales and pending sales are down slightly from last month. It looks like the peak for the year came slightly earlier than usual this year. Traditionally, the busiest month for closing sales is either September or October, but this year it was August.
New home construction permits are at 140 issued so far this year, compared to 104 at this time last year.
We’ll return to our regular newsletter format next month. Have a Happy Thanksgiving!