Author: Lee Riley

The second happening is the Springs Resort recently completed their expansion project, adding 78 more rooms and 25 more geothermal pools…

Home sales were down 5%, and home sales priced below $600,000 were down 29%…

For the first time in my 20+ years of watching these monthly statistics, the total number of sales year-to-date is exactly the same as it was last year…

Every market is different. Currently, the Pagosa market is more of a buyer’s market…

We still see a lot of cash buyers coming in from out of town. If you need to get a mortgage, rates have been fluctuating above 7%…

The big news is the increase in inventory across the board. Home inventory is up 49% with 107 homes on the market compared to 72 last year…

The biggest issue affecting both sales and inventory in the residential market this year was interest rates…

If you are a potential buyer, this is typically the time of year when prices are at their lowest…

A ton of snow and a late spring will sometimes send folks off looking for a warmer climate…

One issue hurting the market is higher interest rates, which have more than doubled from 3% to 7% and rising…

The market has softened from the peak last March. Overall sales are down 34%, with 811 total sales so far this year…