Property prices for sale in Pagosa Springs (Colorado)
The prices in real estate in Pagosa Springs, in the Colorado region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Pagosa Springs has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $4,739. In the following month the price per sq.feet decreased considerably to $2,620. In the following two months the price per sq.feet has barely changed, going from $3,679.5 to $3,742.5 per sq.feet. The price per sq.feet has had a considerable deflation of 68 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $3,711 to $2,523.5 during February, and March.
Based upon to the price in Pagosa Springs (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $787,979. In November This price remains at $805,281. During the following two months (December, January) the average price fell 85 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $737,506.5 to $522,878, which means a 71 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $552,744 they are 45 % more affordable than the average price for Pagosa Springs. The properties with the highest average price have 4 bedrooms, Their price is 156 % more costly than the average. After that we have properties with 3 bedrooms priced at $782,030.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $418 / sq.feet, with an average $2,934 / sq.feet price in Pagosa Springs. The properties with the highest average prices have 3 bedrooms. They are 58 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,293 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $552,744 it is 77 % cheaper than the average price in Pagosa Springs. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $473,250 it is 97 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $214 / sq.feet followed by "Condo" priced at $302 / sq.feet. "House" is the most costly type of property with a $7,814 / sq.feet cost followed by "Land" with an average price of $1,722 / sq.feet.
