data from the Pagosa Springs Area MLS - deemed reliable and not guaranteed
‘Stabilized at lower prices’ seems an appropriate summary phrase for 2009 sales activity in the Pagosa Springs area compared to 2008. The market segment graphed in red, residences selling at $500,000 – $750,000 suffered an alarming 54% drop in sales, but overall sales of homes and condos / townhomes were down only 11% from 2008 levels.
Buyers enjoyed lower housing prices, with the average purchase price down 15% from 2008 and the median price down 8%.
An 11% drop in sales is hardly good, but check out this lower graph for some brightening signs heading into the new year. As with land sales, there was a positive shift in the 4th quarter with sales gaining significant relative strength especially in November and December 2009.
data from Pagosa Springs Area MLS - deemed reliable and not guaranteed
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