Get the inside Scoop on Durango and Durango Real Estate from the source here at Blue Ribbon Properties, Durango’s premier full service Real Estate Company. We will give you not only information on the real estate market, values, deals, bank owned properties, foreclosures, sales, rentals, lease options, but also local happenings, insider tips on Durango activities, stories and all kinds of other interesting tidbits on us and our area.
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Blue Ribbon’s Weekly Market Update:
What has sold?8 Homes have sold in Durango in the past week. Homes were priced from $124k-$510k. -Average list price was $289k -Average sold price: $266, Median sold price was: $225k -Average Days on market: 197 -Average sold price per square foot from these homes: $214.00 -3 homes were in town, the other 5 in rural Durango locations Click Here to View CMA Presentation
Sales Pending / Under Contract?There are currently 56 homes in Durango with pending sales. Listed prices range from $70,000 to $5.9 mil. Median price is $322K. 25 of these homes are in town. 31 are in rural areas of Durango.
Anything New?There are 13 new listings on the market since last week prices range from $119k-$749k. Here are the new listings: Click Here to View New Listings
* Call or email is for any questions, or if you would like staticstics sent to you outside of these paramaters.
– 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 NEW – Blue Ribbon is expanding! Our new real estate office opened in downtown Aztec on Main Ave today! Located right downtown, on 205 Main Ave, Aztec, NM, 87410, the new Blue Ribbon Properties office is serving San Juan County in New Mexico, including the Farmington and Aztec area. Owned by Stacy and Chris Engle and Claudia Williams, Blue Ribbon in Aztec offers full service real estate, property management and real estate sales. Call 505 334 8814 for more information. Look no further for Farmington New Mexico real estate deals. Rental and investment properties cash flow much better here than in Durango, they work well in New Mexico, the rent will pay your mortgage and more, and even better, Blue Ribbon will manage the property so you won’t have to worry about a thing! Call today. 2010 is going to be a great year! – 970 247 8388 (office) Check out my blog 2009 All La Plata County Sold Statistics:Jan. 1 st 2009 – December 31 st 2009 Category _ Total Volume Total units _ Avg. Price Median Price Avg DOM Durango Res.- $122,806,644…….268………$458,233…………$379,950…………….216 Dgo. Co/Tnhm-$28,315,277………..94………$301,226…………$266,000…………….238 All Bayfield Res.-$32,085,002……125………$256,680…………$245,000……………..175 All Ignacio Res.- $3,057,388………..13………$235,183…………$220,000……………..129 All Resort Res.- $22,993,177………52………$442,176…………$302,500…………….278 Vacant Land- $18,464,500………86……..$214,703………….$164,950………………379 Farm & Ranch- $22,162,000………4……$5,540,500……….$5,667,000……………..175 Commercial- $8,595,075……….11……..$781,370…………..$464,364……………..233
Notes: Durango, Bayfield and Ignacio include both in-town and rural residential properties. DOM = Days on market Source: Colorado real estate Network (CREN MLS) from Jan 2010 Res. = Residential, DGO = Durango, Co/Tnhm = Condo/Town home * Our statistics are looking up from 2008 with an increase in # of units sold and decrease in days on market. These are positive signs of slow market recovery. Buyers are becoming more savvy shoppers and some sellers are pricing their homes more competitively. Looking forward to a great 2010! Feel free to email or call us with questions anytime, we are happy to help! – 835 Main Ave. Suite # 214 What is SnowDown?As most of you might know, Durango is a snowy mountain town and some people deal with tons of snow in different ways. Some love it, others get what’s known as “cabin fever”. This is an overwhelming feeling of needing to get out of the house! Well, Snowdown was created as a way to deal with the cabin fever. It’s basically a week long celebration, where there are fun events hosted all week long throughout the town. Even if you don’t want to participate in the events themselves they are all entertaining to watch! So get out of your snow surrounded house and come have a good time downtown!!! This year’s theme…Surf’s up, life’s a beach!!! Check out the website to see all the events click here to see Snowdown website Here are some of the events I will personally be attending or competing in… * The polar BEER plunge – where people jump into a giant pool of beer that has been sitting outside in the cold for days!!! * The high-five competition * The follies – a live performance with tons of local humor and funny skits! * The do’s and don’t fashion show, showing off Durango’s horrible sense of fashion. * The beard growing competition - to see who can grow the best beard in town. * The Friday big parade down Main! * The arm-wrestling competition at the Wild Horse …And much, much, more! Shaheen Hangval 835 Main Ave. Suite # 214 Blue Ribbon’s Weekly Market Update: What has sold? -Average list price was $518k -Average sold price: $425k There are currently 64 homes in Durango with pending sales. Listed prices range from $70,000 to $2.4 mil. 28 of these homes are in town. Anything New? Click Here to View New Listings 835 Main Ave. Suite # 214 Looking for the scoop on Durango Real Estate? Check out our blog! Below area link to the quarterly statistics published by the Durango area association of Realtors taken straight from the MLS. 2009 had its challenges but comparing 2008 to 2009 we did see a steady increase in sales and a slight increase in median home price. Click here to see PDF all of 2009 market statistics Click here to visit DAAR website with all statistics With contracts on my desk, calls awaiting answers and buyers looking for property in the middle of winter I’d say were are off to a great start for 2010! Call or email us with questions you might have. Feel free to post comments on this blog. We are here to help!
Shaheen Hangval 835 Main Ave. Suite # 214 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 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. 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! – 835 Main Ave. Suite # 214 It’s been quite the ride in real estate in 2009. Tough for sellers, scary for buyers, I feel it can only get better. If you are buying, this is the first time in 15 years in Durango that prices are down and sellers are willing to negotiate. In my book, definitely a great time to buy. Here’s what our Realtor Board President has to say about the Durango Real Estate Market: “In real estate, it has been one of the most turbulent years in recent history. The first nine months showed a 30% decline in transactions, and the fourth quarter to date is showing a 13.6 % gain in transactions. This reversal has been a long time in coming, as 2009 is the fourth straight year of the down market, but it is with hope that we begin 2010. The market should improve in the first half of 2010 as we work against low results from last year, coupled with the general consensus that the worst is over and the market is improving. The extended and expanded first time homebuyers credit and the other new incentives should help to propel the market to new heights in the first half. If the economy continues to expand and consumer confidence gains strength, we will find 2010 to be a solid year in real estate.” Cheers! Here is to 2010! 970 247 8388 (office) Check out my blog Here is a story taken from Gary Keller’s book “Shift” – how top real estate agents tackle tough times. I felt this little blurb would be good to share with you. — I immediately realized that in every market, in every time, there are two markets – one where properties are priced to sell and another where properties are priced to sit. A seller is either in the market or out of it. And unlike a sellers’ market where time on the market can pull overpriced homes back into the market, after a downshift, every day just pushes the overprices homes farther and farther out of the market. There are two markets in every market, Durango is no different. Which market are you in? If you are trying to sell your home and are frustrated with the current market, don’t worry you are not alone. We need to remember to adjust to our surroundings constantly. If we do not change and whats around us does, where does that leave us? In the past and stagnant. Now is the time to get creative, strike your progressive thinking and put it to action! There will always be changes in markets, clothing styles, environmental changes, technology advances etc. Stay up to date, do your homework and make adjustments to what will work for your lifestyle. If you are looking for up to date information on what’s happening in the local Colorado market, give us a call, we can help. We can discuss creative marketing strategies and we are happy to provide you with a free market analysis at any time. Happy Holidays! – 835 Main Ave. Suite # 214 There is no time more fitting to say thank you to our friends and clients from all of us at Blue Ribbon. It has been a great year. Yes, we were faced with many challenges but none that we could not learn something from.
2010 Real Estate forecast for Durango – Positive Wishing you and your family a Happy Holiday season and a new year of health, happiness and prosperity Cheers! Claudia Williams, Shaheen Hangval, Bruce Campbell and Stacy Engle 
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Blue Ribbon Properties · 835 Main Avenue, #214, Durango, CO, 81301 · 888.747.8388 · info@blueribbondurango.com 122 queries. 1.219 seconds. |
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