The Durango Area Association of Realtors published the annual real estate statistics for Durango yesterday! Things are looking up – some. Increased sales volume is a good indicator that the bottom has been reached.
Review the statistics here: http://blueribbondurango.com/info/durango-real-estate-statistics/
La Plata County residential sales continued to rebound with a total of 718 transactions in 2011, up 14.0%, the highest number of transactions since 2007. The number of sales is up 35% since the bottom of the market in Sept. 2009. Prices were down slightly, -2.6% in 2011 vs. 2010. The sales of Durango In-Town homes was up 28.8% and the median price increased 5.0%, reflecting a tighter inventory of homes available. Durango condo sales showed a significant decline, -15.0 %, in 2011, as the 2010 First Time Homebuyers Credit fueled the condo market. Bayfield rural homes has a stellar increase, with 83 homes sold in 2011, up 62.7% over 2010. Residential land sales were up significantly, +34.8% above 2010. The Durango Mtn. Resort area single family home sales increased +141.1%. The resort condo median
price showed a significant decline as consumers purchased less expensive condos in the resort market.
See the Article in the Durango Herald too: click here
It’s a great time to buy – what are you waiting for – give us a call.
Stay tuned for our continued weekly Friday sales and new listings statistics!
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Owner/Ecobroker/Exchangor
Blue Ribbon Properties, 835 Main Ave #214, Durango, CO 81301
970 247 8388 (office), 970 749 3555 (cell), 970 247 8360 (fax), blueribbondurango.com
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