Pagosa Springs, CO Real Estate

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Pagosa Springs Real Estate & Homes for Sale in Colorado

Located within the San Juan Forest and Mountains, Pagosa Springs offers small town living amongst undisturbed wilderness. Situated in Archuleta County in the Colorado Sunbelt, Pagosa Springs is part of the Durango metro area with a population just under 2,000 people. Surrounded by the forest and Southern Ute Indian lands, the San Juan River meanders through the center of town.

Pagosa Springs is known for its world-famous hot springs, taking its name from "pagosah," the Southern Ute Indian word for "healing waters." Just 35 miles north of the New Mexico border, Pagosa Springs sits along the picturesque western slope of the Continental Divide. Dramatic features of the wilderness areas welcome residents to the backcountry with jagged peaks, rolling rivers, high desert plateaus and untouched wilderness. Boasting an unusually mild climate, residents can indulge in a variety of outdoor activities, including winter and summer favorites, while visiting charming downtown shops and historic sites.

The Pagosa Springs populace unites with their love for music, dedicating several annual festivals to musicians and artists from the area. Boasting more than 300 days of sunshine a year, Pagosa Springs provides a community of great neighbors, good schools, excellent quality of life, fresh air, open space and a reasonable cost of living.

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Pagosa Springs Real Estate Market: Prices of Houses for Sale in Pagosa Springs

The diverse housing market in Pagosa Springs features expansive luxury estates with panoramic views of the Continental Divide, sprawling log cabins, modest country homes and ample greenbelt acreage with a median home price of $610,000. With rambling properties tucked away amongst mountainous vistas, Pagosa Springs is experiencing an influx of second-home owners, contributing to nearly 60% of private properties owned by part-time residents.

Homes in Pagosa Springs are priced from less than $100,000 for humble starter homes to $1 million and above for sprawling custom stunners. Pagosa Springs' condominiums and Archuleta County townhomes are found from less than $100,000 to $250,000, depending on services, views and proximity to the city or slopes. A wide variety of land property is available from $10,000 to $750,000, depending on acreage, topography and subdivision.

Pagosa Springs  For Wednesday, February 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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