Colorado Real Estate Blog

Navigating Today's Pagosa Springs Real Estate Market

There's no doubt Pagosa Springs real estate is in high demand...but there are still some great properties out there - and our team can help you find them.

When it comes to navigating the market in Pagosa Springs, our team of experienced Brokers is unmatched.  With low inventory and continued high buyer demand, it's a daily adventure as we seek out and find new properties that meet the criteria of our current clients. At the same time, we are working closely with those on the fence about selling to help them determine if the timing is right for them.

This is truly a time when the services of experienced, local Realtors® become indispensable. If you are looking to buy or list your property - don't wait. Call us today so we can help you develop…

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The Pagosa Springs Real Estate Market

You Know Your Goals. We Know The Pagosa Springs Market. We Have The Experience To Make Them Work Together.

What we know about the Pagosa Springs Real Estate Market is that Experience Matters. There is so much noise out there from the media - and plenty of folks willing to share their opinion.  But the bottom line is that every situation is unique.

Galles Properties has been the home of the area’s leading team of Brokers since 2006. We have decades of experience with working with buyers and sellers of all types of properties-in every price range.

It has never been more important to work with an experienced Realtor®.

If you are thinking of buying or selling, one of our seasoned Brokers will be happy to sit down with you and talk about the Pagosa…

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Wolf Creek Pass At 103

In August 1916, an article in the Creede Candle detailed the dedication of the new Wolf Creek Pass Highway, when over 200 vehicles traversed the new highway to celebrate its completion.    "After following the road, which reminds one of a boulevard, along the mountainside for a distance of twelve miles it emerges into a beautiful park, the scene of the celebration," the writer reflected. "The machines began to arrive in real earnest and...there was a constant stream of automobiles pouring into the grove from both ways."    The dedication, attended by hundreds, including the Governor of Colorado, would establish Wolf Creek Pass as an integral link between South Fork, Pagosa Springs and Durango.    "At three o'clock the celebration was…

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Pagosa Springs Home Offices

Love Where You Live . . . Live Where You Work!

Many of us have perfected the art of working from home. Imagine working from one of these beautiful homes for sale in Pagosa Springs, CO - where modern infrastructure meets small-town friendliness and stunning mountain views!  In Pagosa Springs, the skies are ALWAYS crisp and clean - and year-round recreation is a way of life.

We shopped our Galles Properties listing collection and found some fabulous home offices that may be just what you're looking for!  Our team of Brokers is standing by to help you find your ideal home office in any price range.

Contact us today!  Call 970.264.1250 or email info@GallesProperties.com

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Why This Is A Great Time To Sell Your Colorado Vacation Home

Is this a good time to sell your Pagosa Springs vacation home? As vaccines are administered and travel resumes, many of us are beginning to plan for those vacations we missed out on over the past year. And some households are focusing their efforts on buying a vacation home rather than staying in a hotel. The National Association of Home Builders (NAHB) reports:

“Second homes (i.e., homes sold to buyers who are not going to occupy the home year-round, but use it as a vacation home, investment property, etc.) account for 15 percent of new single-family home sales.”

In Pagosa Springs, inventory is at a record low. It’s not surprising that there’s an increase in demand for vacation homes. The majority of Americans are realizing they prefer…

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4 Tips To Maximize The Sale Of Your Property

Here are 4 tips to maximize the sale of your property.  Property owners ready to make a move are definitely in a great position to sell today. Inventory is incredibly low, driving up buyer competition. This gives property owners leverage to sell for the best possible terms, and it’s fueling a steady rise in property prices.

In such a hot market, properties are selling quickly. According to the National Association of Realtors (NAR), homes are typically on the market for just 18 short days. Despite the speed and opportunity for sellers, there are still steps you can take to prep your house to shine so you get the greatest possible return.

1. Make Buyers Feel at Home

One of the ways to make this happen is to take time to declutter - inside and…

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Is Home Price Appreciation Accelerating Again?

Which Direction Is Your Home Price Appreciation Headed?

At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtors (NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers Association, Fannie…

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Traveling To Pagosa Springs Has Never Been Easier

Great news for all of our visitors traveling to Pagosa Springs this summer! Durango-La Plata County Airport, located an hour from Pagosa Springs, has announced that beginning in June, 2021, Frontier Airlines will be establishing year-round nonstop service between Durango and Las Vegas, and seasonal nonstop service to Denver International Airport, a popular traveler hub.

The added service will provide passengers at the Durango, Colorado airport with a fifth year-round nonstop destination (six over this summer with previously announced DRO-LAX service) and expanded Denver routes.  The Frontier news, coupled with the recent addition of Delta Air Lines service, means that the 2021 summer seat capacity will exceed 2019 levels.

Those traveling to…

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This Is The Time To Sell

3 Graphs Showing Why This Is The Time To Sell

There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high buyer demand may give you the leverage you need to negotiate the best contract terms on the sale of your property. Here’s a look at what’s driving this sellers’ advantage and why there’s so much opportunity for property owners who are ready to move this season.

1. Historically Low Inventory

The National Association of Realtors (NAR) explains:

 “Total housing inventory at the end of March amounted to 1.07…

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Sellers Ready To Return To The Housing Market

Sellers Are Ready To Return To The Housing Market

One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be in sight.

The Home Purchase Sentiment Index (HPSI) by Fannie Mae recently noted the percentage of consumer respondents who say it’s a good time to sell a home increased from 61% to 67%. Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae, indicates:

“Consumer positivity regarding home-selling conditions nearly matched its all-time…

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