It's County Fair
Weekend!
This
weekend is the 59th annual Archuleta County Fair. The
fair runs Friday through Sunday with a whole host of events
including live music, a rodeo, a chuck wagon dinner, a chili
cook-off, a livestock auction, and lots of games and contests for
the kids. For a schedule of events, visit
ArchuletaCountyFair.com.
I hope to see you there!
I was
glad to read in the local paper that the upcoming United Way Charity
Golf Tournament will be sponsored by BootJack Ranch. The BootJack,
a flagship property in the area, recently sold, and I’m happy to
learn that the new owner is getting involved with one of our local
charities. This charity tournament, which will be held August 21,
is the primary fundraiser for our local United Way. If you’d like
to get involved, contact Teddy Adler Finney at 970-731-0484, or you
can just stop in.
The United Way office is located in our beautiful building, where
our company has donated office space as our contribution to their
efforts.
In other
local news, San Juan Outfitting has recently relocated from Durango
to the Pagosa area. The company purchased the Rocking Bar MB Ranch,
which is north of town just across the Hinsdale county line. The
company is currently building a ranch house along with some staff
housing and outbuildings. Originally, they had planned to include
some guest cabins, but I understand that those plans have been
shelved. San Juan Outfitting offers trail rides and guided hunts
all around our corner of Colorado. You can visit
SanJuanOutfitting.com
for more information.
I
recently spoke to Mary Jo at the Chamber of Commerce regarding any
new developments in our business community. Mary Jo had two
interesting items to report. First, many of our local businesses
are expanding their hours and staying open on Sundays in order to
better serve their clientele and capture as much business as
possible. In this rocky economy, I’m encouraged to see our
businesses taking a proactive approach. Second, congratulations to
one of our local businesses known as Growing Spaces, LLC, which was
named one of 50 “Colorado Companies to Watch” for 2010. The award
recognizes outstanding second-stage growth companies in our state.
Growing Spaces builds greenhouses in the shape of geodesic domes and
sells them throughout the country and overseas. You can learn more
about Growing Spaces at
GrowingSpaces.com.
On the
real estate front, the stats have continued their unfortunate
decline through July. This was the first month in which we did not
meet or exceed the sales numbers from last year. Though there has
been a recent upswing in the vacant land market, it is not enough to
make up for the falling number of residential sales. Perhaps it is
just a coincidence, but I believe that the recent local downturn is
related to all the negative news we were experiencing over the last
several months. Oil was gushing into the Gulf, Europe was showing
signs of a financial panic, and all the talking heads were muttering
about a “Double Dip” recession.
Recently,
the news has turned more positive. It appears that the oil leak is
finally plugged. Europe seems to be edging away from disaster.
Many corporations have come out with relatively upbeat earnings, and
the stock market is on a strong run. Over the past couple weeks, I
have seen a marked increase in the number of people in my office and
in my car. The trouble is, it is difficult to translate showings
into contracts. Many potential buyers are feeling gun-shy right
now.
July and
August are traditionally very touristy months anyway. We have a lot
of short-term visitors in town who like to ride around in my car and
play “looky-lou.” They’ll get really excited about a property while
they’re here, but once they get home, they cool off. As we move
into September and October, we usually see an increase in the
seriousness of our buyers. I’m hoping that this traditional
seasonal improvement will combine with the more optimistic national
news to create some sales.
Lee Riley
970-946-3856 (cell)
leeriley@isellpagosa.com
P.S.
Remember, with my CRS
referral network, I can provide you with a top notch Realtor
anywhere in the country. CRS stands for Certified Residential
Specialist, a professional designation that only 4% of the Realtors
in the country have earned. If you or someone you know is
relocating, I can refer you to a certified CRS agent.
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