by Bonnie Masters - Pagosa Springs Real Estate Online on February 27, 2010
in Uncategorized
68 Echo Drive - sale pending
It’s never over ’til it’s over and these properties have not yet closed, but it’s an encouraging sign for our local real estate market to see so many under contract. The average list price is $262,605.
Especially heartening is the observation that 6 of these homes are priced between $500,000-600,000. Only 6 homes in this very depressed market segment sold during all of 2009, and the first one not until July. This is a notable upstat for early in 2010.
This home at 68 Echo Drive is located on 5 acres in Loma Linda, about 6 miles south of Pagosa Springs. It’s 3320 square feet, listed at $599,500.
by Bonnie Masters - Pagosa Springs Real Estate Online on February 20, 2010
in Uncategorized
From the Pagosa Trails website - Plumtaw Road
Adventurous, athletic types check out this new website featuring trails near Pagosa Springs, pagosatrails.net
It’s creator is one of my most athletic friends, Tom Steen. It’s a work in progress, but it’s already a very informative site that provides multi-sport trail descriptions, routes and maps. The main headings are Mountain Bike Trails, Cross Bike Trails, Cross-Country Ski Trails, Running Trails and Road Bike Routes.
by Bonnie Masters - Pagosa Springs Real Estate Online on February 13, 2010
in Uncategorized
January unit sales and $Volume in Millions
Only 7 homes and condos closed during January, with a total market value of $$2.52 million. The average sale price was $360,429 and the median $187,000.
January sales volume was very bleak indeed but on a considerably brighter note, the six units that have closed to date in February already match the 6 sales for all of February, 2009, at higher prices. February 2009 volume was $1.3 million and this years it’s already $2.1 million with half the month yet to go. The median sale price last February was $219,050 and month-to-date this year it’s $374,000. The upshot is that the middle-market is beginning to thaw, even as the ground outside is still frozen solid, and sales are no longer restricted to the very low end of the market.
More encouraging still, there are currently 31 homes and condos pending sale. These are under contract and actual sales prices won’t be public until they close, but the average list price is $290,328 and the median is $239,900. It looks like buyers are finally taking action to capitalize on the opportunity of very low interest rates and some really great bargains being offered in this current Pagosa Springs market.
Vacant land sales are typically very slow at this time of year. Inspecting land parcels is pretty much limited to snowshoes or snowmobile, and it’s not a great idea to buy land covered over with a heavy blanket of snow unless you already know what the terrain looks like underneath. That said, 5 parcels of residential land under 50 acres closed in January, up from only 3 last year. Prices of those few sales are also showing a lift, with the average sale price of $82,000 up from $25,333 last year and an increase in median price from $14,000 to $30,000. There are also 9 parcels pending sale at an average list price of $198,977; median is $115,000. The vacant land market has been extremely hard hit during this recession, so it’s encouraging to see an uptick in sales so early in the new year.
Data is from the Pagosa Springs Area MLS – deemed reliable but not guaranteed.
by Bonnie Masters - Pagosa Springs Real Estate Online on February 5, 2010
in Uncategorized
- 27 Stevens Cirlce – voted Best Home on Tour 1-26-10
During the week I was out of town Pagosa area Realtors voted this home in Lake Forest Estates ‘Best on Tour’.
It’s 2015 square feet on one level with an open floor plan - 3 bedrooms and 2 baths. Upgrades include stainless steel appliances, in-floor radiant heat, central vacuum, knotty pine doors, and in the kitchen a slate back-splash and hickory cabinets. Plenty of storage space with a spacious 3-car garage and also an insulated 12×26 storage shed/workshop with power. The home sits on over 1/2 acre with views of Lake Forest. Price is $307,000. VIEW THIS LISTING MLS #636020
About Lake Forest Estates
This subdivision is located in Pagosa Lakes and is included in the Pagosa Lakes Property Owners Association (PLPOA). It scores highly for convenient location – near shopping, Lake Forest and national forest. Lake Forest is one of four stocked fishing lakes within Pagosa Lakes. There is limited lakefront property and several parcels on the west side of the subdivision border national forest. Most of the lots are approximately 1/4 acre, ranging from treeless to wooded. “Upper Lake Forest’ features 1/2 acre parcels.
Neighborhood photos of Lake Forest Estates
Current listings: homes vacant land
