It’s that time of year again, Daylight Savings!

When? This Sunday, March 14th at 2:00 am Spring forward, Fall back…

so be sure to turn your clocks forward 1 hour on Sunday night.

Does this mean it’s finally Spring? Could someone please inform the weather man it’s Spring now and to start reporting signs of warmth on the horizion!

Have a great weekend!

–
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

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

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

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

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
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

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 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.
36 are in rural areas of Durango.

Anything New?
There are 17 new listings on the market since last Wednesday prices range from $129k-$2.2Mil.  Here are the new listings:

Click Here to View 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

Looking for the scoop on Durango Real Estate?  Check out our blog!
http://blueribbondurango.com/blog

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!
–
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

—
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 tale of two markets,” he said. “Eighty percent of the homes are overpriced and twenty percent are well-priced.  The well-priced properties are getting multiple offers.  The overpriced properties are getting none”.

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.

With the turning of the new year just around the corner, this is the prefect time to point yourself in the direction of progression!  Stay motivated be positive!

Happy Holidays!

–
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

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 the snow day go to www.durangoherald.com and www.buzztown.com.

And here’s a link to the Durango Mountain Resort Webcam:

Happy Snow Day.

Claudia Williams

Blue Ribbon Properties

Durango Real Estate

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 the past 2 weeks.  Homes were priced from $299k-$879k.

-The average sold price: $401.   Median $350K
-Average Days on market: 256
-Average sold price per square foot from these homes: $188.00/sf
- 9 homes were in rural Durango locations the other 4 were in town.

Click Here to View sold homes

* How many homes are under contract?

There are currently 73 homes in Durango with pending sales.  Listed prices range from $16K to $2.9 mil.

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

* Anything New Available?

There are 23 new listings on the market in the last 15 days prices range from $174k-$3.2 mil.

Here are the new listings: Click here to see new listings

——————-

Everyone is asking.  How’s the market? It’s improving!  But most likely what you really want to know is…

….how’s the market for selling MY home or what has sold in my neighborhood.  Or how’s the market for buying a great deal?

We can help, just call or email with specific questions and we would be more than happy to give you the exact answers you have been looking for.

As always, thanks for reading!  Happy Holidays!

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