Here’s a link to our article explaining the tax credits for home buyers. First time home buyer can get up to $8000, and for the repeat home buyer up to $6500. These tax credits are due to run out on April 30th, so don’t wait, this is the time to start looking. There’s some great deals, just call or email and we’ll get you set up.

–
Claudia Williams
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)
www.blueribbondurango.com

Find out if your market has stabilized. Free Report. www.durangohousevalues.com or www.sanjuanhousevalues.com for Farmington and Aztec, NM

Check out my blog
The Scoop on Durango Real Estate
www.blueribbondurango.com/blog

What has sold in the last week?
9 Homes have sold in Durango in the past week.  Homes were priced from $190k-$529k.

-Average list price was $310k     -Average sold price: $294k
-Average Days on market: 171
-Average sold price per square foot from these homes: $168.00
-3 homes were in town, the other 6 in rural Durango locations

Click Here to View CMA Presentation
How many homes are under contract?

There are currently 65 homes in Durango with pending sales.  Listed prices range from $70,000 to $5.9 mil.  Median price is $299K.

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

Any New listings?

There are 19 new listings that have posted in the last week. 12 are in town and 7 are in rural areas of Durango.  I only expect to see this # go up over the next 6 months.

Click here to see new listings

These statistics are only for Durango homes in town are rural areas of Durango over the last 7 days.  If you would like statistics on other surrounding areas, vacant land or specific time frames outside of this criteria, just email or call, we would be happy to send the info your way!

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

Okay, first…Breathe.  It’s okay, relax…let’s review.

* Don’t worry when you read ….”appears serviceable”

What does that mean?   Sounds like “needs work” but actually it means from brand new to works fine.  No problem there.

* Another scary phrase is “Hire a licenced qualified professional”

Again, relax, this does not mean “watch out the house might fall down!!”  It would mean, if this is item concerns you, the inspector is not qualified to give you more info for liability purposes.  If some base board needs caulk, it’s probably safe to say you don’t have to contact a general contractor, ask a handy man.  Now, if there is water leaking out of the light fixtures…okay that would be a little more serious.  

Take each item into consideration, ask friends or family members what they think about the report and most importantly, talk to you Realtor about your options/recommendations.  Sleep on it, you don’t have to make any rash decision right away, just give it some time.  Take the inspection to the house and walk around seeing the items mentioned yourself.

Click here to read article “Don’t freak out when you get back inspection results”

* My Suggestion to sellers:

When you are about to put your home on the market get a “pre-home inspection” done on your house.  They typically are less than $300.00 but this is a great value being that it could save a deal involving thousands of dollars from falling through.  You will already have a good idea of any issues that might scare a buyer off and you can make any appropriate changes before hand.  Do keep in mind that different inspectors might find different items.

If you have any other questions about the home buying process, feel free to email me or give us a call at the office.  We are happy 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

Here is your Blue Ribbon’s Weekly Market Update:

What has sold?
8 Homes have sold in Durango in the past week.  Homes were priced from $178k-$800k.

-Average list price was $385k     -Average sold price: $367k
-Average Days on market: 280
-Average sold price per square foot from these homes: $221.00
-4 homes were in town, the other 4 in rural Durango locations

Click Here to View CMA Presentation

——————————————————————————————–
How many homes are under contract?

There are currently 63 homes in Durango with pending sales.  Listed prices range from $70,000 to $5.9 mil.

29 of these homes are in town.
34 are in rural areas of Durango.

——————————————————————————————–

Any New listings?

There are 19 new listings that have posted in the last week. 7 are in town and 12 are in rural areas of Durango.  Prices range from $259k-$2.5 mil.

Click here to see new listings

——————————————————————————————–

These statistics are only for residential houses in Durango over the last 7 days.  If you would like statistics on other surrounding areas or specific time frames outside of this criteria, just email or call, we would be happy to send the info your way!

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

For Durango Area go to www.durangohousevalues.com

For Farmington area got to www.sanjuanhousevalues.com

–
Claudia Williams
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)
www.blueribbondurango.com

Find out if your market has stabilized. Free Report. www.durangohousevalues.com or www.sanjuanhousevalues.com for Farmington and Aztec, NM

Check out my blog
The Scoop on Durango Real Estate
www.blueribbondurango.com/blog

It has been busy here!  As I have said in the last few weeks, the market is picking up.  Many buyers are starting to call and ask all the right questions, sellers calling asking “what do I need to do to sell my house?”   Not a full market recovery but there are irons in the fire and it’s going to be a good year for selling and buying.  I have never been so busy in the middle of winter!

Many sellers are still sticking to their prices and many buyers are looking for a good deal.  The most challenging time for the deals that are under contract is the inspection period, buyers can be skidish are ready to back out on the drop of a dime.  My advice, take it one step at a time, breathe, and don’t loose sight of your original goal.  Evaluate each detail on the true level imporantce and compare it to the big picture.

What has sold in the last week?
7 Homes have sold in Durango in the past week.  Homes were priced from $124,900-$800,000.

-Average list price was $376,900k     -Average sold price: $369,000
- Average Days on market: 216
-Average sold price per square foot from these homes: $196.00
-3 homes were in town, the other 4 in rural Durango locations

Click Here to View CMA Presentation
How many homes are under contract?

25 homes are in town.
32 are in rural areas of Durango.
There are currently 57homes in Durango with pending sales.  Listed prices range from $70,000 to $5.9 mil.  Averge price was $484k, Median price is $299,900.

Anything new?

Here are the 11 new listings posted since last week:
Click here to see new listings
–
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

Sign up for your free report here:

www.durangohousevalues.com.

You’ll love it, I promise.

For NM real estate reports got to www.SanJuanHouseValues.com. We’ve got a new office in Aztec! It’s at 205 Main, stop by sometime.

–
Claudia Williams
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)
www.blueribbondurango.com

Check out my blog
The Scoop on Durango Real Estate
www.blueribbondurango.com/blog

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

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!

–
Claudia Williams
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)
www.blueribbondurango.com

Check out my blog
The Scoop on Durango Real Estate
www.blueribbondurango.com/blog

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!

–
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