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 April, the average price per sq.feet was $746. In May this price pretty much remained the same at a value of $751 per sq.feet. The price for the following two months in (June, July) had a considerable decrease of 73 with regard to the prior two months. The price per sq.feet has decreased 89 % 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 $646 to $578 during August, and September.
Based upon to the price in Pagosa Springs (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is $255,954. During May the price went through a considerable rise reaching $308,980. During the following two months (June, July) the average price fell 90 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $252,077 they are 6 % more affordable than the average price for Pagosa Springs. The properties with the highest average price have 4 bedrooms, Their price is 186 % more costly than the average. After that we have properties with 3 bedrooms priced at $521,522.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $219 / sq.feet, with an average $544 / sq.feet price in Pagosa Springs. The properties with the highest average prices have 4 bedrooms. They are 378 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,562 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $252,077 it is 67 % cheaper than the average price in Pagosa Springs. "Condo" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of $582,992 it is 599 % 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 $141 / sq.feet followed by "Farm" priced at $197 / sq.feet. "House" is the most costly type of property with a $1,743 / sq.feet cost followed by "Condo" with an average price of $508 / sq.feet.