Here is a quick weekly update on what has sold, what’s under contract with a sale pending and what’s newly listed in Durango.

*** SOLD: 3 homes closed in the last week.

Sold Price:  $348,000. $390,000. $394,000.  2 where in town condo/town homes and the other was a single family home outside the “city limits”.

Average days on market, aprox 200.  From these 3 homes, Seller’s came down an average of aprox. $25k from originally listed price.

***SALE PENDING / UNDER CONTRACT: There are currently 81 homes under contract.  36 of these homes are condo/town homes.  The other 45 are single family homes.  44 of the properties are in town and the other 37 are rural areas of Durango.

It is my assumption -about 1/2 of these homes will actually close.

*** NEW LISTINGS: There are 14 new listings this week, prices ranging from $139-$749, mostly single family homes with a few condo/town homes and 2 manufactured homes.

Here are the listings.

All of the statistics Included here are for the Durango area only.  If you are interested in statistics on surrounding areas, (such as Bayfield, Cortez etc.) please feel free to call or email us, we would be happy to send those stats your way.

In conclusion, a similar feeling to last week, we continue to agree that the market is picking up, we are definitely seeing more activity from buyers, both from out of town and in.  People are looking for a really good deal and first time home buyers are trying to find a house before November when the $8,000 tax credit runs out.

Thanks for reading!

Shaheen Hangval

Blue Ribbon Properties
835 Main Ave #214
Durango, CO 81301

970 247 8388 (office)
970 769-2441 (cell)
970 247 8360 (fax)
www.blueribbondurango.com