The overall forecast for 2010 is looking good.  All signs are pointing to improvement!  The phones have been ringing off the hook, buyers are looking at it’s the middle of winter -which is normally the down season!

Typically the activity over the holidays is slower because people are traveling and spending time with family and friends. Watch for the market updates over the next couple of weeks and I’d bet you’ll see a steady increase in sales, pending listings and new listings.

* Here is your weekly market update:

What has sold?

4 Homes have sold in Durango in the past week.  Homes were priced from $234k-$937kl.

-Average list price was $557k     -Average sold price: $532k
-Average Days on market: 117
-Average sold price per square foot from these homes: $167.00
-All 4 homes were in rural Durango locations

Click Here to View CMA Presentation

How many homes are under contract?

There are currently 56 homes in Durango with pending sales.  Listed prices range from $70,000 to $2.4 mil.  Median price is $347K.

26 of these homes are in town.
30 are in rural areas of Durango.

Anything New?

There are 11 new listings on the market in the last week, prices range from $59k-$729K.  Here are the new listings:

Click Here to View New Listings

If you would like statistics on other areas or within specific parameters, let us know, we would be happy to send them your way!

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