newsletter: February Pagosa Springs Real Estate Newsletter - 02/05/10 08:53 AM
With only one month of the new year under our belts and with this being the slowest time of year for Pagosa real estate, there is not much of a story to tell. We are up by a couple of transactions over last year, but the sample is so small that it’s hard to tell whether the numbers mean anything at this point or not. However, I can say this; we have an unusually large number of properties under contract for this time of year. At last count, there were 43 pending transactions. If even two-thirds of those transactions actually close, … (0 comments)

newsletter: Pagosa Springs Real Estate Newsletter, January 2010 - 01/11/10 08:55 AM
Regarding the Real Estate Market in Pagosa Springs – which would you like first, the good news or the bad? Being an optimist, I’ll start with the positives. Let’s talk about the glass half full. We are having a big sale, similar to Black Friday after Thanksgiving. Prices are marked down and there are big deals to be had. I saw several screaming deals happen in 2009, and we will see many more – at least over the next six months. If you are an investor, there is money to be made. If you are a first time home buyer, the … (0 comments)

newsletter: Pagosa Springs Real Estate Newsletter, December 2009 - 12/11/09 09:13 AM
The Riley family had a great Thanksgiving. Laurie and I traveled to Denver to visit family, including our son and our new daughter-in-law. The festivities included seeing Riverdance and watching Carmelo Anthony score 50 points as the Nuggets beat the Knicks! All in all, we had a superb holiday, and I have so very much to be thankful for. Increasingly, I find myself asking the question, "Now what?" At 61, my priorities are changing. Dreams of cars and toys are being replaced by thoughts about health, retirement, and future grandchildren. Fortunately, I still love my job. The puzzles I am continually … (0 comments)

newsletter: Pagosa Springs Real Estate Newsletter, November 2009 - 11/10/09 09:31 AM
Go Broncos! This year, the Broncos are 6 and 1, and we are leading the division. According to the “experts,” we were only supposed to win 4 games this year! The sports commentators remind me of the financial gurus. Neither seems to know what they are talking about. I believe I’m doing better thinking on my own and not worrying about the negative naysayers. Some good news! Real Estate sales for October were up 18% over the same period last year. There were 39 sales this October versus 33 last October. Year-to-date sales are down 29%, which is a 3% improvement … (0 comments)

newsletter: Pagosa Springs Newsletter, October 2009 - 10/22/09 08:58 AM
Fall is here. The colors are getting bright, and mornings are cold. So, when will we get our first major snow? When will the ski area open? Will we have a hard winter or a mild one? In October in Pagosa, these are the questions on everyone’s minds.
After two tough winters, I’m hoping for an easy one for a change. I do hope the ski area opens early. Halloween would be ideal. In a perfect world, we would have good early snow but not too much. When this happens, folks from Durango and Northern New Mexico have to come here … (0 comments)

newsletter: Pagosa Springs Real Estate Newsletter, September 2009 - 09/23/09 10:35 AM
This month has been and will be a busy one for me. I have just returned from my son Patrick's wedding in Steamboat Springs, which was my second wedding of the summer. September is also a busy time for local real estate, as Labor Day weekend and archery hunting season bring in many out-of-towners and potential customers. As such, this will be an abbreviated newsletter. I am running a fun contest on my website that I want everyone to know about, because you've got a chance to win $100! I am constantly looking for ways to improve my website and give … (1 comments)

newsletter: Pagosa Springs Real Estate Newsletter, August 2009 - 08/11/09 09:40 AM
I have some good real estate news. Things have been very busy in my office lately. I think we may have hit bottom in the housing market. About the time I decided to take a summer vacation two weeks ago, the genie came out of the bottle. Most of the activity is on single family homes. It reminds me of two or three years ago. I’m not sure why things have picked up so much, but if I might speculate, here are a few possible reasons. First, the media is sounding more positive.  I have heard reports on several occasions suggesting … (0 comments)

newsletter: Pagosa Springs Newsletter, July 2009 - 07/06/09 11:20 AM
One down and one to go! I just had the best Father’s Day ever, as my daughter just got married at our home. It was a beautiful ceremony on a perfect afternoon. Heather married John Lovell, a Navy man from Tennessee. After months of planning, everything went off without a hitch. Next, my son will get married on September 12th in Steamboat Springs. In the mean time, I need to get back to work to pay for all these festivities! The Real Estate market is staying pretty constant. Sales are steady, but still sluggish overall. Sales are down about 41% from … (0 comments)

newsletter: June 2009 Newsletter - 06/12/09 09:37 AM
It’s been a busy past week. Last weekend, I had four buyers come to work with me.  On Saturday, I had appointments at 10:00 a.m., noon, and 3:00 p.m..  Sunday at 9:00 a.m. was the icing on the cake! So far, two have written contracts to buy homes. The third is close to buying, and the fourth has been a marathon run. I have been working with these clients for three years, and they will buy when the “time is right and the right home comes along”.  In today’s market, this amount of activity is truly special.  To go along with … (0 comments)

newsletter: May 2009 Newsletter - 05/11/09 09:22 AM
The past month leaves me with little to report in the Pagosa market. Overall sales numbers have increased over the last month. This is largely due to activity in the residential sector, so we are beginning to see some "green shoots" in the market. For the buyers, great deals abound. The Colorado dream is now more affordable than it has been in several years.
The stats tell the story this month, and you'll find them below.  Have a happy Mother's Day!
As always, the latest statistics are available on my website,

newsletter: April 2009 Newsletter - 04/10/09 08:49 AM
I feel a little "greener" mentally than I did a month ago. This is in part because I can see my grass for a change and a few flowers poking their heads out.
The financial markets are also showing a little more green, as the stock market has rebounded about 20% in the past few weeks.  I am refinancing my home and locked in at 4.75% with no points, which will save me about $300 per month.  Mortgage rates are the lowest in recent history. I know we are not out of the woods yet, but my consumer confidence is better. … (0 comments)

newsletter: March 2009 Pagosa Springs Newsletter - 03/06/09 08:08 AM
If you have already received this newsletter by mail, I apologize.  However, this e-mailed edition contains updated stats for March, which you may be interested in.
As the snow begins to melt in Pagosa, I contemplate the uncertain future. Just like most Americans, I worry about the economy. Most of the time, I worry about things that never come to pass. Whenever possible, I try to catch myself as I'm thinking this way, and I try to change my mindset by thinking of something positive. One of my problems is I watch too much TV.  Except for Sunday morning on CBS, … (0 comments)

newsletter: Newsletter, February 2009 - 02/10/09 09:30 AM
This newsletter will be short and sweet.  To get right to the point, not much has changed in the Pagosa market over the last month.  Winter is typically our slow season, and this winter is a particularly slow one.  It seems to me that most of what is selling are repos and screaming deals.  Out of all the sales currently pending around town, one third of them are bank-owned properties.  Personally, I have four deals going right now, and three of them are repos.It’s a great time to buy.  Go to my website,, and check out my new repo page.  … (1 comments)

newsletter: January 2009 Newsletter - 01/14/09 08:58 AM
As I write this letter, I am looking out the window and it is snowing hard. Supposedly, we will get 1 to 3 inches. I think the weatherman has lied again. So far, this winter is reminiscent of last year, the toughest winter in 25 years, only this one has gotten a big head start. If you are in the snowplow business, there is no recession.
Speaking of the economy, I’m doing my best to be optimistic. The first two days of 2009, the stock market was up by the biggest percentage in history. Mortgage rates are down. I’m considering … (0 comments)

newsletter: January Newsletter - 02/11/08 07:59 AM
Better late than never, right?  Here is my newsletter for January 2008:
Happy New Year!
I've been trying to guess what this New Year will bring.  On the one hand, I hear all of the negative news around me.  But on the other hand, I am generally an upbeat person.  I like to listen to motivational tapes to get me pumped up in a positive way, and I try to maintain an optimistic outlook.
The most important theory I have come across is that you accomplish the things that you think about most.  One book which has had a tremendous effect on my life … (0 comments)

newsletter: December Newsletter - 12/10/07 04:26 AM
Well, we finally got snow on the mountain.  Last weekend’s storm brought in about four feet, which was much more than anywhere else in the state.  We got a second dumping over the past several days, which brought an additional 5 feet.  It is odd to say, but getting too much snow can be bad for Pagosa business.  We need to have enough snow to ski on, but not too much in surrounding areas like Durango, Santa Fe, and Taos.  A marginal snow season elsewhere brings many out-of-town skiers to Wolf Creek, where we usually have the most snow in the … (0 comments)

newsletter: November Newsletter - 11/19/07 01:40 AM
This is a time of adjustment in Pagosa Springs, Colorado. The real estate market continues to be soft, and from all indications, I do not expect it to change in the near future.  I constantly monitor market statistics, and this is typically the time of the year when there is a reduction in available property for sale.  True to form, Pagosa saw an 8% drop in available homes and condos between Oct 1st and Nov 1st.  This looks like an improvement on the supply side of things, but this is misleading. The truth is that Sellers are just pulling their homes … (1 comments)


Lee Riley

Pagosa Springs, CO

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Jann C. Pitcher Real Estate

Address: 2261 Eagle Dr, Pagosa Springs, CO, 81147

Mobile: (970) 946-3856

Fax: (970) 731-4068

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This blog is your one-stop source for everything related to Pagosa Springs, with special emphasis on Real Estate and the current market.



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