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 August, the average price per sq.feet was $223. In September this price pretty much remained the same at a value of $226 per sq.feet. The price for the following two months in (October, November) decreased 95 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 198 % 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 $218.5 to $433.5 during December, and January.
Based upon to the price in Pagosa Springs (cities), these have remained the same in the last 6 months. The price in August is $492,223, rising in September till $540,707. During the following two months (October, November) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $499,798.25 and $492,460 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $339,066 they are 27 % more affordable than the average price for Pagosa Springs. The properties with the highest average price have 4 bedrooms, Their price is 160 % more costly than the average. After that we have properties with 3 bedrooms priced at $477,772.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $269 / sq.feet, with an average $623 / sq.feet price in Pagosa Springs. The properties with the highest average prices have 1 bedroom. They are 95 % more expensive than the average followed by properties with 3 bedrooms with a price at $663 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most costly one. At an cost of $339,066 it is 33 % more expensive than the average price in Pagosa Springs. "Land" is seen as the second dearest property type. The dearest property type is "Farm" followed by "House". At a price of $911,230 it is 352 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $131 / sq.feet followed by "Land" priced at $211 / sq.feet. "Commercial" is the most costly type of property with a $2,397 / sq.feet cost followed by "House" with an average price of $1,802 / sq.feet.