I am stopped almost everywhere I go and am asked the question..."How is the market right now for homes?"
It's hard to drive any street in Pagosa Springs, or Archuleta county, and not see a flurry of building and selling activity, especially now that spring has sprung.
Below is a very simple representation of 2 of the many key factors we use to determine the answer to the questions 'How is the market?"
Currently, for the month of May, number of sales are up 37% from last year.
Currently, for the month of May, Price Per Square Foot is up 11% from last year.
You may find it curious that the 4th quarter of 2016 shows a decrease in both unit sales and value per square foot. This is most likely due to consumers holding their breath a bit just before the election. This is common on election years.