Prices of homes up for the 5'th straight year in a row
Home prices have risen for 5 straight years. I recently took a sample of normalized homes in the Pagosa Lakes area to look for price increase / decrease over time. In the Pagosa Springs area we have experienced an increase of average homes sale prices since 2011 of 33.6 %
Below is a graph indicating the AVERAGE PRICE PER SQUARE FOOT of a specific sector of SOLD homes in the Pagosa Lakes area for the past 5 years. Apples to apples comparison shows the increase over time.
IF YOU HAVE PURCHASED WITHIN THE LAST SEVERAL YEARS, CHANCES ARE YOU HAVE EQUITY YOU COULD EXTRACT FROM THE MARKETPLACE.