This is the week to buy!!!!
Getting a little chilly out. These 40 degree temperatures remind us of the snow just around the corner. In the winter it can be harder to sell your home. Most people end up taking their homes off the market for the winter and renting them out to gain some income through the cold months.
Also most people list their home in the Spring, the average listing contract is 6 months ~ SO ~ in other words listing a house for sale in April or May means the listing could end in October or early November. BUY NOW before it’s gone.
* Back to the statistics….please keep in mind these statistics are for Durango, if you would like market statistics on surrounding areas, please let us know, we would be happy to email them your way.
What has sold in the last week?
5 Homes have sold in the last week. 3 in town, the other 2 were in rural areas of Durango.
-The average sold price: $426k. (gone up from last week)
-Average Days on market: 120 (gone down from last week)
-Average sold price per square foot from these homes: $215.00 (gone up from last week)
* How many homes are under contract?
Currently there are 88 homes with sales pending (this number has gone up since last week), prices range from $110,000 – $2.9 million.
The median price is $374,000.
45 of the homes are in town, the other 43 are in rural areas of Durango.
* Here are the 11 new listings that have popped up in the last 7 days.
Click Here to View New Listings
Feel free to email us with any questions!
Thanks for reading.