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…
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
Every market is different. Currently, the Pagosa market is more of a buyer’s market…
REAL ESTATE: The Riley Report
Homes priced $600,000 and below are down 19%, whereas those priced above $600,000 were up 24%…
REAL ESTATE: The Riley Report
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%…
REAL ESTATE: The Riley Report
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…
REAL ESTATE: The Riley Report
The biggest issue affecting both sales and inventory in the residential market this year was interest rates…
REAL ESTATE: The Riley Report
If you are a potential buyer, this is typically the time of year when prices are at their lowest…
REAL ESTATE: The Riley Report
The County recently attempted to auction off 36 lots in Pagosa Trails which they had acquired over the years…
REAL ESTATE: The Riley Report
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…
REAL ESTATE: The Riley Report
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%…
REAL ESTATE: The Riley Report
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…
REAL ESTATE: The Riley Report
A ton of snow and a late spring will sometimes send folks off looking for a warmer climate…
REAL ESTATE: The Riley Report
One issue hurting the market is higher interest rates, which have more than doubled from 3% to 7% and rising…
REAL ESTATE: The Riley Report
The Fed is going to continue to raise rates another 0.75% to 1% to fight inflation. How will that affect mortgage rates?
REAL ESTATE: The Riley Report
The market has softened from the peak last March. Overall sales are down 34%, with 811 total sales so far this year…
REAL ESTATE: The Riley Report
If you’re planning on purchasing a home with a mortgage, you should probably lock in your rates now…
REAL ESTATE: The Riley Report
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…
REAL ESTATE: The Riley Report
If you are a buyer who has been sitting on the sidelines for the last year, there is some good news for you…