We are still working on figuring out the best way to keep you abreast of the market situation. We are not supposed to post links to the MLS, but Shaheen put together a nice presentation for my blog so I’ll make an exception and put this up for a bit and then take it down again in a few days.
One thing I know, Spring is here and there are more and more listings again, I have 23 new ones today on my MLS home screen, and 3 solds. Keep checking back for more.
Here is Shaheen’s Market Pulse of the day:
“Has ANYTHING on the market been selling?”
This is a question I am often asked by clients, friends and family. Everyone says nothing is moving in this market. So what do you think? Has anything been selling? If properties are selling, what kind of property is moving?
Looking over MLS records:
*** 57 Residential homes 9 vacant land listings have sold in LaPlata County since January 1st. (Up today; 3/16) Average home price that has sold in LaPlata County since January 1st 2009: $347,000.Average days on market: 211Sold home prices ranged from $29,500-$1,275,000
Click here for these properties:
*** What about in the last 2 weeks? Here are the homes that have sold in March so far:
12 residential homes 2 vacant land listings
Click Here to View Sold in March Listings
Yes, properties are still selling but not as many and the properties in lower price ranges appear to be more popular. From the clients I have had in the last few most the majority were locals. All in all, the Durango market is not as bad as some may think.
That’s that from Shaheen, thank you! I agree, there are a few more closings and more and more showing going on and pending sales. If you’d like to see any listing/comps in particular just email or call, or you can even leave a comment here on our blog without signing in.
Claudia Williams
970 247 8388
P.S. Did you know that 111,111,111 x 111,111,111 = 12,345,678,987,654,321 ?
It is interesting to watch real estate activity in the USA as we expect the Panama market to speed up once things stabilize in North America. Lower prices are more popular here too. There was some overbuilding in Panama City which is getting fixed….projects redesigned for smaller units or put on hold for the time being.