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
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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, [...]

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 [...]

Blue Ribbon’s Weekly Market Update:
What has sold?
10 Homes have sold in Durango since 1/10/10.  Homes were priced from $165k-$930k.
-Average list price was $518k     -Average sold price: $425k
-Average Days on market: 350
-Average sold price per square foot from these homes: $246.00
-4 homes were in town, the other 6 in rural Durango locations
How many homes are under contract?
There are [...]

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
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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. [...]

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 [...]

With the holidays here and full on winter just outside our front door, we don’t expect too much activity over the next couple of weeks but people are still looking and calling with questions.
After the new year we do expect much higher numbers in buyers and sales.  The crowd of ski vacationers and family visits [...]

Before buying a property in the county with a well and septic be sure to do your research on water and septic information.
Well Info:
Here is a link to a helpful 28 page brochure put out by the Colorado Division of Water resources and others about water wells in Southwest Colorado. It’s called “How well do [...]

We had a big storm pull through this week, adding few feet of fresh powder to our little mountain town!  Everything has been painted a beautiful shade of white.  Meanwhile we are still here working hard!
Here is your weekly market update:
What has sold?
11 Homes have sold in Durango in the past week.  Homes were priced [...]