Pagosa Springs Real Estate Newsletter, September 2011

School just started up, so that must mean summer is almost over!  My wife, Laurie, is a special education teacher.  She’s all excited about having a new crop of kindergartners to work with.  She deals with the high-need children.

I’m not ready for Fall; however, September and October are really beautiful.  The temperature cools down. It is normally very comfortable with temperatures still in the 70s.

The real estate news is the best I’ve seen in years.  I have been extremely busy, especially over the past couple of weeks.  I’ve been working with a lot of Texans in particular.  Extreme Texas heat plus a relatively strong Texas economy has provided me with some great, qualified buyers.

The Labor Day weekend hosted my favorite Pagosa festival, the Four Corners Folk Festival.  It’s our version of Woodstock, with three days of partying and a variety of bluegrass and folk bands from all over the country.  This is the sixteenth year of festivities, and it is always very well attended.  It is a real boost to the local economy.

As I look at the statistics year-to-date, the numbers are pretty similar to last year.  Total closed sales for the year are 298 this year vs. 241 for last year, which is a gain of 24%.  But the really encouraging numbers are the reduction in home inventory and the reduction in the number of repos out there compared to three months ago.

Hopefully, history will repeat itself in that September and October are usually some of our best selling months.  My only worry is that Washington will screw things up more than they have done already.  It seems to me that the end game is to make the other side look bad rather than trying to do what’s best for the country.  I consider myself to be independent, and the last I heard these were the United States of America.

I hope you and your family have a great Fall, and as always, I sincerely appreciate your support.

Lee Riley
2011 & 2014 Realtor of the Year
Phone (970) 731-4065
Fax (970) 731-4068
Cell (970) 946-3856