The prices in real estate in Pagosa Springs, in the Colorado region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Pagosa Springs has increased strongly during the last 6 months. In March, the average price per sq.feet was $304. In the following month the price per sq.feet increased considerably to $612. The price for the following two months in (May, June) had a considerable decrease of 71 with regard to the prior two months. The price per sq.feet has increased 110 % 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 $391.5 to $432.5 during July, and August.
Based upon to the price in Pagosa Springs (cities), these have remained the same in the last 6 months. The average price during our first sample month during March, is $767,477. During April the price went through a considerable rise reaching $889,489. During the following two months (May, June) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $790,431 to $732,327.5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $763,289 they are 61 % more affordable than the average price for Pagosa Springs. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $622,879.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $273 / sq.feet, with an average $341 / sq.feet price in Pagosa Springs. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $323 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $763,289 it is 63 % cheaper than the average price in Pagosa Springs. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $710,777 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $243 / sq.feet followed by "Townhouse" priced at $249 / sq.feet. "Land" is the most costly type of property with a $12,937 / sq.feet cost followed by "House" with an average price of $309 / sq.feet.