Foreclosures in Pagosa Springs Stabilizing!!
In the first half of 2010, there were 125 foreclosure starts as compared to only 91 through the same time in 2011. This is an overall decrease of 27% comparing 2010 to 2011.
With overall sales volume up 18% in 2011 versus 2010 through June and the total number of transactions up 25% looking at the same periods, the Pagosa Springs market is realizing some nice momentum.
According to James Vincent, manager at Colorado Land Title Company in Pagosa Springs, “If the trend holds with foreclosures for the second half of this year, this may be one of the indicators that our market is stabilizing.”