We just finished compiling our Second Quarter June Market Report – and as expected, real estate activity continues on its blazing path in Archuleta County. Overall YTD Volume Sales were up 157% over last year as of June 30.

Good News For Buyers AND Sellers In Our June Market Report

There is good news for Buyers AND Sellers in this June Market Report.  Low inventory is a common denominator around the country – and that always spells good news for Sellers who are seeking top dollar for their properties.  The catch is that Sellers need to be fully prepared for the process from contract to close – and work with their Realtor to understand the process.  There is some hidden good news for Buyers in this report as well.  New listings ARE coming on the market at a normalized pace. But because they are going under contract very quickly – skewing the number of “Active Listings” available – buyers need to have a strategy in place to act quickly.

Pagosa Springs Real Estate Sales Are Up In Every Category

Sales volume is up in every category across Archuleta County, with Land seeing the largest increase.

  • Residential sales are up 126%
  • Land sales are up 294%
  • Commercial Sales are up 34%

Inventory Remains Low But New Listings Are On Track

Inventory remains low with Active Residential Listings down 78.3% and Month’s Supply down 86%.  The twist is that New Residential Listings that came on the market in June were only down 1%, signifying that listings were going under contract quickly.

The Galles Properties Hot List offers our Brokers’ picks for their favorite Pagosa Springs real estate opportunities currently active on the Market. Click on the image to the left to download our latest Hot List.

A Realtor® Can Help You Navigate This Market

If there is one point this June Market Report drives home it is this: working with someone on the ground can significantly benefit you when buying or selling in this market.  Reach out today if you would like a copy of our June Market Report – or to let us know how we can assist you with Buying or Selling. When you are ready – we will be here for you.

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All information presented is for marketing purposes only and should be verified by an independent third party. Any mistakes are unintended.