2009 was a bleak year for residential land sales in the Pagosa Springs area, with the number of sales down 17% from 2008 and the $ volume down 30%. Good for buyers, both average and median sales prices declined significantly. There is a possible glimmer of light at the end of the dark tunnel – check out the graph below that counts sales month by month. There was a shift to the upside in the 4th quarter of 2009 over 2008 sales. Too soon to call a TURN, but that 4th quarter rise in sales, especially in December 2009, may bode well for sales activity in 2010.
data for Pagosa Springs Area MLS - deemed reliable and not guaranteed
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