Author Archives: Mike

WHAT WE CAN LEARN FROM OTHER MOUNTAIN RESORT COMMUNITIES?

I just returned from a meeting of the Rocky Mountain Commercial Brokers in Breckenridge. Our group of 13 Partners meets four times each year at different locations within the Colorado mountain areas to discuss real estate issues, share Best Practices, … Continue reading

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WHERE WE’VE BEEN AND WHERE WE’RE HEADING

While much of the real estate news reported by the major networks has focused on the improving housing markets within many of the major cities, Pagosa Springs has rather quietly finally begun to move forward. It seemed for a time … Continue reading

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CHANGES TO THE REAL ESTATE MARKET IN SOUTHWEST COLORADO

During the last 15 years we at Pagosa Source have always studied the numbers carefully in order to improve our vision of what lies ahead. The Closed Sales data, including an analysis of price reductions leading up to a contract, … Continue reading

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UPDATE FROM THE ROAD JANUARY 23, 2013

  I just returned from a meeting of the Rocky Mountain Commercial Brokers (RMCB) in Palisade, Colorado. Our group is comprised of the top independent commercial real estate brokers from the San Luis Valley, Salida, Steamboat Springs, Summit County, Vail, … Continue reading

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END OF YEAR PAGOSA SPRINGS REAL ESTATE REPORT

(Part One Published 12.29.12 available in Archives)- PART TWO: RESULTS FOR SINGLE FAMILY RESIDENTIAL SALES- ALL PRICES Winter in Southwest Colorado   For all price categories of the single family residential market (SFR), the number of Closed Sales was nearly … Continue reading

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Q4 RESULTS MIXED FOR PAGOSA SPRINGS REAL ESTATE

I am grateful to be able to report Mixed Results for Year End, as has not been the case through much of the previous five years. Though there is evidence of continuing weakness in several categories, the data suggests we … Continue reading

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Has the Worst of the Foreclosure Crisis Passed?

  Yes, it has. Since the downturn began in 2007, foreclosure properties have taken their toll on values throughout Southwest Colorado. Many homeowners found themselves in financial trouble, with mortgage loan balances far ahead of their adjusted market value. For … Continue reading

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3rd Quarter Real Estate Summary

    I did a quick review of the Pagosa Springs Area MLS Stats through the 3rd Quarter of 2012. The numbers were not too impressive. When compared to the same period of last year, Total Dollar Sales Closed was … Continue reading

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Guest Report from Travis “Buck” Kingman III

Thoughts on Pagosa’s Reservoir Hill I was over to the Pagasaw Saloon last night in Pagosa Springs, Colorado, getting a little hair off the dog that bit me the night before and come across a some guys that was talkin … Continue reading

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Pagosa Springs Business Report 1st Half 2012

Head Count Up- Bag Count Down! We are well into the summer tourist season, past the Memorial Day and July 4th holidays. The first half of 2012 is now in our rear view mirror. The local economy has produced mixed … Continue reading

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