Homes SOLD stats for Archuleta county for the last 12 months

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.

This represents the number of sold residential units, county wide, year over year. These are single family , stick built units. Not condos, town homes or mobile homes.

This represents the number of sold residential units, county wide, year over year. These are single family , stick built units. Not condos, town homes or mobile homes.

Currently, for the month of May, Price Per Square Foot is up 11% from last year.

This chart shows the average SOLD price per square foot year over year. This represents a normalized sample of homes in the Pagosa Lakes area. Using a specific group gives a more accurate representation of market flow.

This chart shows the average SOLD price per square foot year over year. This represents a normalized sample of homes in the Pagosa Lakes area. Using a specific group gives a more accurate representation of market flow.

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.