Local Pagosa Springs CO Blog | Foreclosure, Short Sale, First Time Home Buyer, Selling a home

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Michael Heraty
Managing Broker
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Are there lots of foreclosures on the market in Pagosa Springs?

A few more than normal but not an abundance as compared to metro areas. Many of the homes in Pagosa Springs are vacation or second homes. Many have little or no debt against them. We have never had any production builders that flooded our market with surplus inventory. Also, we did not have the level of mortgage abuse that other areas experienced, and much of the lending was handled locally where more scrutiny of values and borrower qualification was practiced. Still, we have a few and with careful scrutiny some represent very good values in the current market.

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Market Recap

  • Avg. Sales Price: $258,000

  • Avg. Days on Market: 230

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