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Author: Lee Riley

Pagosa Springs real estate agent Lee Riley has regularly been one of the area's top selling Realtors® in recent years and offers a wide selection of real estate facts and information on his web site at ISellPagosa.com
REAL ESTATE: The Riley Report

REAL ESTATE: The Riley Report

Posted on January 20, 2025January 20, 2025 by Lee Riley

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

Posted in Business
REAL ESTATE: The Riley Report

REAL ESTATE: The Riley Report

Posted on November 12, 2024November 12, 2024 by Lee Riley

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…

Posted in Business
REAL ESTATE: The Riley Report

REAL ESTATE: The Riley Report

Posted on September 17, 2024September 17, 2024 by Lee Riley

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

Posted in Business

REAL ESTATE: The Riley Report

Posted on July 3, 2024July 3, 2024 by Lee Riley

Homes priced $600,000 and below are down 19%, whereas those priced above $600,000 were up 24%…

Posted in Business
REAL ESTATE: The Riley Report

REAL ESTATE: The Riley Report

Posted on May 16, 2024May 16, 2024 by Lee Riley

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%…

Posted in Business
REAL ESTATE: The Riley Report

REAL ESTATE: The Riley Report

Posted on March 15, 2024March 15, 2024 by Lee Riley

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…

Posted in Business
REAL ESTATE: The Riley Report

REAL ESTATE: The Riley Report

Posted on January 19, 2024January 19, 2024 by Lee Riley

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

Posted in Business
REAL ESTATE: The Riley Report

REAL ESTATE: The Riley Report

Posted on December 8, 2023December 8, 2023 by Lee Riley

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

Posted in Business

REAL ESTATE: The Riley Report

Posted on October 10, 2023October 10, 2023 by Lee Riley

The County recently attempted to auction off 36 lots in Pagosa Trails which they had acquired over the years…

Posted in Business

REAL ESTATE: The Riley Report

Posted on August 9, 2023August 9, 2023 by Lee Riley

Compared with the 3% mortgage you could have had on January 1 of this year, your payment on a 30-year mortgage for a typical $600,000 home has gone from $2023 per month to $3274 per month…

Posted in Business

REAL ESTATE: The Riley Report

Posted on June 6, 2023June 6, 2023 by Lee Riley

Total sales year-to-date are down 45% from a year ago. Home sales are down 37%, condo sales are down 61%, and vacant land sales are down 51%…

Posted in Business

REAL ESTATE: The Riley Report

Posted on May 12, 2023May 12, 2023 by Lee Riley

There were a couple of statistics this month which caught my eye. At the moment, 60% of all the home inventory on the market is priced at $750,000 or above…

Posted in Business
REAL ESTATE: The Riley Report

REAL ESTATE: The Riley Report

Posted on April 19, 2023April 19, 2023 by Lee Riley

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

Posted in Business
REAL ESTATE: The Riley Report

REAL ESTATE: The Riley Report

Posted on March 9, 2023March 9, 2023 by Lee Riley

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

Posted in Business

REAL ESTATE: The Riley Report

Posted on January 10, 2023January 10, 2023 by Lee Riley

The Fed is going to continue to raise rates another 0.75% to 1% to fight inflation. How will that affect mortgage rates?

Posted in Business
REAL ESTATE: The Riley Report

REAL ESTATE: The Riley Report

Posted on December 8, 2022December 8, 2022 by Lee Riley

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

Posted in Business

REAL ESTATE: The Riley Report

Posted on October 11, 2022October 11, 2022 by Lee Riley

If you’re planning on purchasing a home with a mortgage, you should probably lock in your rates now…

Posted in Business
REAL ESTATE: The Riley Report

REAL ESTATE: The Riley Report

Posted on September 9, 2022September 9, 2022 by Lee Riley

Inventory is up across the board. Home inventory is 164 compared to 122 a year ago. A notable increase came from homes priced above $1,000,000…

Posted in Business
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