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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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 [...]

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 [...]

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 [...]

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.
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In a recent interview with a top agent in Massachusetts, I asked how things were going in his local area. “Our market is really a [...]

It’s a good thing we like snow, it makes everything look clean and new and pretty. I love the way it sparkles in the sun!
Looks like we are going to have a white Christmas.
Everyone stay safe out there and we should be back to normal in a day of two.  For pictures and stories on [...]

Blue Ribbon’s Weekly Market Update:
Busy Busy Busy…the holiday weekend last week was a little quiet but ever since we’ve come back to the office, it’s been double the work load!
We are here and ready for action.  Seems like the phones are ringing and buyers are looking.
* What has sold?

13 Homes have sold in Durango in [...]

Here is a great email I just received from a local lender here in town named JR Spies from the Mortgage Link:
* Subject: Beware of Mortgage Rate Spike this Spring
Hi Everyone,
I know I haven’t given you much information lately because it seemed like there wasn’t a whole lot to share. However, you will notice from [...]

I can’t say it enough…it’s a great time to buy!
There was an interesting article posted in this Sunday’s paper about the recent home sales in La Plata County.  The positive article brings up the recovery of the market and how the median home price is gradually falling.  Buyers are returning for the good deals and [...]

Coming into the holiday season, what’s new with the real estate market in Durango?
I feel as though the phones are not ringing as much as the last few weeks but we are still plenty busy and the deals from last month are still running towards the finish line and closing.  We expect it to slow [...]