I can’t say it enough…it’s a great time to buy!
There was an interesting article posted in this Sunday’s paper about the recent home sales in La Plata County. The positive article brings up the recovery of the market and how the median home price is gradually falling. Buyers are returning for the good deals and volume is up from last year.
Click here to read Sunday’s article
The 1st time home buyer tax credit was extended to next April and the feds added a $6,500 tax credit for current homeowners who have owned their home for over 5 years. With positive market statistics, great mortgage rates and buyer credit incentives…the magic 8-ball says “all signs point to yes”! Get it while the gettin’s-good!
*****As for weekly statistics:
14 Homes have sold in the last week. 5 were in town, the other 9 were in rural areas of Durango. This number has been gradually on the rise.
-The median sold price was $502,500 (gone up from last week)
-The average sold price: $526k. (gone up from last week)
-Average Days on market: 193 (this is about average right now)
-Average sold price per square foot from these homes: $222.00 (going up)
* How many homes are under contract?
Currently there are 74 homes with sales pending, Prices range from $16,000 – $2.9 million.
Click Here to View New Listings
Feel free to email us with any questions! We are here to help!
Thanks for reading.
–
Shaheen Hangval
Broker Associate/EcoBroker with Blue Ribbon Properties
835 Main Ave. Suite # 214
Office: 970-247-8388 Fax: 970-247-8360
Shaheen’s Cell: 970-769-2441