Here’s your Durango Real Estate Statistics and Weekly Update! Great deals, new listings, foreclosures and sold comparables.

23 properties sold in Durango, Colorado and area over the last week, that’s 6 more than last week. Some really good deals – check it out.

Click Here for Sold Listings

New Durango Real Estate Listings this week:

There are 39 new listings this week. That’s 1 more than last week!

Click Here for New Listings

Bankowned Listings (REO):

Due to continuing interest we are including REO property, which means “Real Estate Owned” in bank-lingo, in other words, bankowned properties, or foreclosed properties after the foreclosure process is completed. The bank/lender now owns the property. They are typically sold at a discount, hence the popularity! Please follow this link to our foreclosure page on our website. It shows all active bankowned and foreclosure listings in the area and is continually updated. Bookmark it and visit it often! Or email us, info@blueribbondurango.com to get set up for automatic email notifications on new bankowned listings!

Click here for Foreclosures & Bankowned Homes in the Durango & Surrounding Areas

 And Back by Popular demand – the Market Snapshot – Free and Instant Home Valuations! A cool map based comparable report that shows new listings and sales comparables to your house, for sellers or buyers.   Sign up by clicking here. Or go to Durangohousevalues.com. You’ll love it!

Be sure to LIKE Blue Ribbon Properties on Facebook!

Get the current market situation and find out what your home is worth. Sign up for the market snapshot here

Disclaimer – these links and information are based on the Durango local multi listing service. While all information is deemed accurate there are no guarantees. Does not include for sale by owners or foreclosure properties that are not listed on the MLS.

Once upon a time, in a land not so far away in
a beautiful village called Durango, there were princesses and woodsmen, wolves and fairies, some pigs and even a
few billy goats gruff. And in the winter they all came down with a serious case of cabin fever! Yikes! The cure?
SNOWDOWN! The original cabin fever reliever! February 1-5, 2012, they donned costumes and played all sorts of
games for 5 days of fun and hilarity! Some attended the Fashion Do’s & Don’ts on Wednesday and others attended
the Kid’s Follies! Some of the more intrepid residents played golf at the Josie Pete Golf Tournament on Saturday
while others finished off the celebration with the La Plata County Pancake Breakfast and
Silent Auction on Sunday. So much fun was had by everyone that
they forgot all about their cabin fever!
And everyone lived happily ever after.
So join us for Once Upon a Snowdown…
February 1-5, 2012
and cure your
fever!

And more Durango Snowdown links and information:

Official Snowdown Website: snowdown.org

Herald Article - It’s time to huff and puff and blow Durango down.

Also, our town is a big hit! In 2011 Durango was once again in the national spotlight! Here is a summary of what the Durango Herald published about us: Click Here for the Article

* Best Places to Live 2011 and Best Place to Put Your OutdoorLife First – Men’s Journal

* Top Micropolitan Area in the US – Politicom

* Top Ten Western Towns – True West Magazine

* Top 200 Town in the US – Outdoor Life Magazine

* Top 10 “Life is Better Here” Town and “Next Big Thing” – Outside Magazine

* Colorado’s Secret Stashes – Ski Magazine

* Durango selected as the start of the prestigious US Pro Cycling Challenge - Click Here for the Article

What sold this past week?

17 properties sold in Durango, Colorado and area over the last week, that’s 5 more than last week. Some really good deals – check it out.

Click Here for Sold Listings

New Durango Real Estate Listings this week:

There are 38 new listings this week. That’s 6 more than last week!

Click Here for New Listings

Bankowned Listings (REO):

Due to continuing interest we are including REO property, which means “Real Estate Owned” in bank-lingo, in other words, bankowned properties, or foreclosed properties after the foreclosure process is completed. The bank/lender now owns the property. They are typically sold at a discount, hence the popularity! Please follow this link to our foreclosure page on our website. It shows all active bankowned and foreclosure listings in the area and is continually updated. Bookmark it and visit it often! Or email us, info@blueribbondurango.com to get set up for automatic email notifications on new bankowned listings!

Click here for Foreclosures & Bankowned Homes in the Durango & Surrounding Areas

 And Back by Popular demand – the Market Snapshot – Free and Instant Home Valuations! A cool map based comparable report that shows new listings and sales comparables to your house, for sellers or buyers.   Sign up by clicking here. Or go to Durangohousevalues.com. You’ll love it!

Be sure to LIKE Blue Ribbon Properties on Facebook!

Get the current market situation and find out what your home is worth. Sign up for the market snapshot here

Disclaimer – these links and information are based on the Durango local multi listing service. While all information is deemed accurate there are no guarantees. Does not include for sale by owners or foreclosure properties that are not listed on the MLS.

Book Review: ‘The Smartest Money Book You’ll Ever Read: Everything You Need to Know About Growing, Spending and Enjoying Your Money’ Author: Daniel R. Solin

Today’s post-recession, pro-consumer, anti-bank zeitgeist reflects a dramatic sea change in the world of personal finance advice. Gone are the days when the cable TV pundits whose eyes bulge as they holler hysterics about what, when and whether to buy, sell or hold are taken seriously as anything but entertainment.

All the rules of thumb (e.g., owning a home is good) have been revised and nuanced (e.g., owning a home is good if X, Y and Z, but renting makes more sense if A, B and C).

And there’s also been a sea change in how this advice is delivered. Instead of a once-weekly column in the local paper by a financial writer, these days there is a steady stream — flood, even — of advice-blog posts written by actual financial advisers and delivered in short, simple chunks right-sized for today’s shrunken attention spans.

Daniel R. Solin is one such expert/blogger, and uses the same pithy style, linking to complementary online resources as he does in his advice columns on HuffingtonPost.com and USNews.com in his new book, “The Smartest Money Book You’ll Ever Read: Everything You Need to Know About Growing, Spending and Enjoying Your Money.”

Here are four of Solin’s smartest financial do’s and don’ts:

1. Don’t try to play the market. Solin practically pleads with readers not to base their housing or stock market investment decisions on their guesses as to whether the market will rise or fall, and when.

On real estate, Solin says to get aggressive about building equity by making conservative mortgage decisions and extra payments, when possible, rather than trying to sell at the top of the market and buy at the bottom.

And when it comes to the stock market, Solin exhorts readers: “Don’t just do something — stand there!” Solin repeatedly cites historical evidence that simply getting and staying in the market yields better results in the long term than what he calls “hyperactive” investing.

2. Do consider other options to a reverse mortgage to access fast cash in retirement. “Smartest” offers loads of Solin’s advice for retirees whose portfolios, plans and bottom lines have been adversely affected by the recession.

Rather than seeing a costly, legacy-draining reverse mortgage as their first resort for access to large amounts of cash, Solin first cautions retirees to get serious about whether anything but health, food and shelter are truly needs vs. wants (note: helping your children is not a need, in his book) and lists a number of more attractive, but less commonly considered options for accessing cash, including a “regular” home refinance or loan against a 401(k) or cash value life insurance policy.

3. Don’t confuse salespeople for financial advisers. Calling the investment industry “friend and foe,” Solin points out the sobering truth that 95 percent of actively managed funds fail to equal or beat their market indexes, yet the fees for investing in actively managed funds tend to be several times more expensive than for index funds, eroding whatever returns investors in active funds do attain.

Solin urges readers to be aware of the difference between an investment broker, who he says is more accurately described as a salesperson; and a financial adviser, who can take a look at your life and your money and help you set goals, pick low-fee investments, rebalance your portfolio, manage your tax exposure and manage your emotions.

Solin recommends that readers put together a trusted team including an estate planning attorney, a certified public accountant (CPA), and fee-only (i.e., not commission-based) investment and insurance advisers.

4. Do shop around. Solin likens our monthly income and expenses to our body’s metabolism. In the same way we gain weight over the years by consuming calories on autopilot, we can lose cash by having our insurance, investment and other expenses auto-debited, making it highly unlikely that we’ll notice when fees and bills rise.

Solin advises checking in on these items at regular intervals, and shopping around to see whether we can find a better deal.

“Smartest” makes a great effort to be comprehensive in terms of covering every area of financial life, but it doesn’t actually go deep enough to be the only book you need. Rather, it is a great start at giving you the rationale for getting motivated to grow up and get serious about your finances, and provides you with a primer and a road map for the work ahead of you.

With 40-plus chapters averaging a couple of pages in length each, “Smartest” feels rather like a collection of Solin’s blog posts; this will leave some readers hungry for more depth and detail, but will certainly appeal to many others who cringe at the density of a more traditional personal finance title.

To its credit, “Smartest” also does a good job of pointing out where you can find tools to execute Solin’s recommendations or learn more about a given subject online, mostly on the wildly popular and free, do-it-yourself money management platform Mint.com.

Generally, “Smartest” is written in plain English — though its approach is a tad bit imbalanced, getting a little bit in the weeds and detailed in the sections of his particular expertise and borderline vague and oversimplified in others.

However, if you are looking to start your proactive financial planning up again, after the trauma of the recession, or if you are just taking control of your finances for the first time, “Smartest” is a smart choice for the starter book you need to put your own personal money train in motion.

Click Here for the Daily Real Estate News Article

By Tara-Nicholle Nelson
Inman News®

–

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), blueribbondurango.com

Connect with Claudia on facebook, buzztown, twitter, linked in and my blog articles

Be sure to LIKE Blue Ribbon Properties on Facebook!

Check out the New Market Snapshot to monitor the value of your home and get current local market conditions

What sold this past week?

12 properties sold in Durango, Colorado and area over the last week, that’s 3 more than last week. Some really good deals – check it out.

Click Here for Sold Listings

New Durango Real Estate Listings this week:

There are 32 new listings this week. That’s 5 more than last week!

Click Here for New Listings

Bankowned Listings (REO):

Due to continuing interest we are including REO property, which means “Real Estate Owned” in bank-lingo, in other words, bankowned properties, or foreclosed properties after the foreclosure process is completed. The bank/lender now owns the property. They are typically sold at a discount, hence the popularity! Please follow this link to our foreclosure page on our website. It shows all active bankowned and foreclosure listings in the area and is continually updated. Bookmark it and visit it often! Or email us, info@blueribbondurango.com to get set up for automatic email notifications on new bankowned listings!

Click here for Foreclosures & Bankowned Homes in the Durango & Surrounding Areas

 And Back by Popular demand – the Market Snapshot – Free and Instant Home Valuations! A cool map based comparable report that shows new listings and sales comparables to your house, for sellers or buyers.   Sign up by clicking here. Or go to Durangohousevalues.com. You’ll love it!

Be sure to LIKE Blue Ribbon Properties on Facebook!

Get the current market situation and find out what your home is worth. Sign up for the market snapshot here

Disclaimer – these links and information are based on the Durango local multi listing service. While all information is deemed accurate there are no guarantees. Does not include for sale by owners or foreclosure properties that are not listed on the MLS.

Review the statistics here: http://blueribbondurango.com/info/durango-real-estate-statistics/

La Plata County residential sales continued to rebound with a total of 718 transactions in 2011, up 14.0%, the highest number of transactions since 2007. The number of sales is up 35% since the bottom of the market in Sept. 2009. Prices were down slightly, -2.6% in 2011 vs. 2010. The sales of Durango In-Town homes was up 28.8% and the median price increased 5.0%, reflecting a tighter inventory of homes available. Durango condo sales showed a significant decline, -15.0 %, in 2011, as the 2010 First Time Homebuyers Credit fueled the condo market. Bayfield rural homes has a stellar increase, with 83 homes sold in 2011, up 62.7% over 2010. Residential land sales were up significantly, +34.8% above 2010. The Durango Mtn. Resort area single family home sales increased +141.1%. The resort condo median
price showed a significant decline as consumers purchased less expensive condos in the resort market.

See the Article in the Durango Herald too:  click here

It’s a great time to buy – what are you waiting for – give us a call.

Stay tuned for our continued weekly Friday sales and new listings statistics!

____
–

I found this article in the Colorado Realtors Winter 2012 Newsletter and would like to share it with you.  Claudia Williams is Durango’s first Ecobroker, certified and trained to market and sell green properties, both energy efficient and properties built or retrofitted with green features.  This article was written by Taylor Watkins, a Certified Residential Appraiser and, among others, comments on the valuation of green elements in appraising homes.

This article will introduce some of the elements of green building and the ways in which they may relate to
appraisal practice. This is a very large field, so the list is not exhaustive, but it does provide a place to start
understanding green buildings. There has been a lot of talk recently about the popularity of residential, industrial, and commercial “green”, or environmentally responsible and resource-efficient, building structures. There have also been many published articles in which builders, brokers, and owners claim that appraisers undervalue green
properties. As appraisers know, we don’t create the market for specific property types; we analyze available,
appropriate market data to reflect the actions of the market. In the case of green buildings, however,
perhaps some green building advocates may not clearly understand the systematic appraisal valuation
procedure an appraiser follows to answer a client’s questions about real property value, and some appraisers
don’t clearly understand valuation issues involved with green buildings.
Green building is relatively new in many parts of the country, but it has been around for decades.
There are several different reasons for the recent interest in green building. Rising energy costs have made
green building more attractive, but as we will see, energy efficiency is only one aspect of green building.
Increased awareness of the principles of sustainability is another reason. Governmental support of green
building measures, from storm water management codes to energy efficient appliance incentives, has also
helped move green building into the mainstream.

What is Green Building?

One of the difficulties in understanding green building is the lack of a complete and accurate definition that
is commonly accepted among the varied professions and organizations that deal with green buildings. One
example of a green building definition comes from the US Environmental Protection Agency:
“Green building is the practice of creating structures and using processes that are environmentally
responsible and resource-efficient throughout a building’s life-cycle from siting to design, construction,
operation, maintenance, renovation and deconstruction. This practice expands and complements the
classical building design concerns of economy, utility, durability, and comfort. Green building is also known as
a sustainable or high performance building.”
Green building can generally be thought of as a building practice that that focuses on the
building structure’s resource efficiency (i.e., high performance) and the health of its occupants and the
environmental impact throughout the structure’s entire life cycle from its design through its occupancy and
eventual deconstruction.

Viewing a building through its entire life cycle is not a new idea, but it can lead to different choices in
the way it is constructed, and this is part of what distinguishes green buildings. These choices tend to gravitate
to the following basic elements of green building: site, water, energy, materials, and indoor air quality.
Although these elements are not exclusive to green building, the way in which green buildings address them
is different from conventional buildings. By understanding these elements and how they differentiate green
buildings, appraisers will attain the necessary competence in the valuation of green buildings and will also be
able to participate in the growing conversation surrounding them. Recall that USPAP requires competency
and being competent requires knowledge and experience to produce credible assignment results.

Site Element

Overriding site concerns are the preservation of open space and habitat protection when possible. In
addition, green site planning and development focuses on the site’s proximity to transportation and other
linkages, access to sun and/or shade as the climate dictates, and building placement on the site to take
advantage of solar, water, or wind-oriented resources.

Appraisal Practice: The traditional view of location applies here in terms of access to amenities, but
with additional emphasis on proximity to mass transportation, increased density, and open, or green spaces.
This is because proximity to mass transit improves air quality due to lower vehicle emissions, and lowers fuel
and energy consumption during occupancy of the building. Additionally, increased density can help protect
open space.

Water Element

Water is a resource that is actively managed and conserved in many green
buildings. Water that comes to the property from the local provider is conserved as
much as possible inside and outside the building. Storm water is all the water that falls
on the site as precipitation. In some cases, storm water is captured and retained
for reuse, either inside or outside the building. Drought tolerant landscaping is also
encouraged.
Appraisal Practice: In theory, water consumption and cost can be measured
and thus quantified in most cases. Especially in arid portions of the country or areas
with high sewage disposal costs, savings from reducing and reusing water in some
cases can lead to operational savings.

Energy Element

Energy comes to most buildings in the form of natural gas or electricity. While it is only one of the elements
of green building, it gets a lot of attention. This is because it is measurable, both in terms of consumption
and cost, and because there are many incentives available for energy efficient materials, systems, and
appliances. Unlike some of the other elements of green building, energy efficiency and related cost savings
are important to cost conscious buyers in some areas of the country.
Appraisal Practice: Like water, energy consumption is measurable, so if less energy is consumed by a
property, that savings may be a benefit that accrues to the property. It is also a benefit that will keep paying
forward throughout the life of that building or that particular energy efficient system or appliance.

Materials Element

Green building materials have entered the mainstream in many areas of the country over the past several
years. These materials again focus on resource efficiency in their composition, like being made of recycled
materials; in their production, such as being locally made or minimally processed; or in their use, meaning
that they can lead to less energy consumption while in place in a building.
Appraisal Practice: Some green materials may be more durable than their conventional counterparts,
leading to less maintenance over time. This can lead to lower operational costs and also perhaps to a longer
physical life. The proper material to use, green or not, depends on the application.

Indoor Air Quality Element

Indoor Air Quality (“IAQ”) has been getting a lot more attention lately, but it has always been an integral part
of green building. Particularly with commercial and governmental buildings, landlords, tenants, and owners
have become interested in the effects of good IAQ on workers. Studies are also looking into the effects on
student performance in school buildings with superior IAQ.
Appraisal Practice: If IAQ becomes measurable in some way, then its positive
effects on occupants may enter into the appraisal process using paired sales or
statistical analysis. Pending the availability of that type of measurable data, it
is still possible, indeed appropriate, to consider a qualitative technique known
as “relative comparison analysis” when using the sales comparison approach.

_____

For more information on building green and evaluating homes with green features please don’t hesitate to contact Claudia Williams, Blue Ribbon Properties, Durango Real Estate. 970.247.8388. claudia@blueribbondurango.com.

More online resoures:

Green Home Resources at greenhomesforsale.com

EPA Green Homes – http://www.epa.gov/greenhomes/

US Green Building Council – http://greenhomeguide.com/

Locally here in Durango you can join the “Green Business Round Table”  hosted once a month by the San Juan Citizens Alliance

For information on making you La Plata County Home more energy efficient contact Four Core – www.fourcore.org/

Here’s your Durango Real Estate Statistics and Weekly Update! Great deals, new listings, foreclosures and sold comparables.

What sold this past week?

9 properties sold in Durango, Colorado and area over the last week. Some really good deals – check it out.

Click Here for Sold Listings

New Durango Real Estate Listings this week:

There are 27 new listings this week. That’s one less than last week!

Click Here for New Listings

Bankowned Listings (REO):

Due to continuing interest we are including REO property, which means “Real Estate Owned” in bank-lingo, in other words, bankowned properties, or foreclosed properties after the foreclosure process is completed. The bank/lender now owns the property. They are typically sold at a discount, hence the popularity! Please follow this link to our foreclosure page on our website. It shows all active bankowned and foreclosure listings in the area and is continually updated. Bookmark it and visit it often! Or email us, info@blueribbondurango.com to get set up for automatic email notifications on new bankowned listings!

Click here for Foreclosures & Bankowned Homes in the Durango & Surrounding Areas

 And Back by Popular demand – the Market Snapshot – Free and Instant Home Valuations! A cool map based comparable report that shows new listings and sales comparables to your house, for sellers or buyers.   Sign up by clicking here. Or go to Durangohousevalues.com. You’ll love it!

Be sure to LIKE Blue Ribbon Properties on Facebook!

Get the current market situation and find out what your home is worth. Sign up for the market snapshot here

Disclaimer – these links and information are based on the Durango local multi listing service. While all information is deemed accurate there are no guarantees. Does not include for sale by owners or foreclosure properties that are not listed on the MLS.

Here’s your Durango Real Estate Statistics and Weekly Update! Great deals, new listings, foreclosures and sold comparables.

What sold this past week?

13 properties sold in Durango, Colorado and area over the last week. Some really good deals – check it out.

Click Here for Sold Listings 

New Durango Real Estate Listings this week:

There are 28 new listings this week. That’s more than double from last week!

Click Here for New Listings

Bankowned Listings (REO):

Due to continuing interest we are including REO property, which means “Real Estate Owned” in bank-lingo, in other words, bankowned properties, or foreclosed properties after the foreclosure process is completed. The bank/lender now owns the property. They are typically sold at a discount, hence the popularity! Please follow this link to our foreclosure page on our website. It shows all active bankowned and foreclosure listings in the area and is continually updated. Bookmark it and visit it often! Or email us, info@blueribbondurango.com to get set up for automatic email notifications on new bankowned listings!

Click here for Foreclosures & Bankowned Homes in the Durango & Surrounding Areas

 And Back by Popular demand – the Market Snapshot – Free and Instant Home Valuations! A cool map based comparable report that shows new listings and sales comparables to your house, for sellers or buyers.   Sign up by clicking here. Or go to Durangohousevalues.com. You’ll love it!

Be sure to LIKE Blue Ribbon Properties on Facebook!

Get the current market situation and find out what your home is worth. Sign up for the market snapshot here

Disclaimer – these links and information are based on the Durango local multi listing service. While all information is deemed accurate there are no guarantees. Does not include for sale by owners or foreclosure properties that are not listed on the MLS.

Here’s your Durango Real Estate Statistics and Weekly Update! Great deals, new listings, foreclosures and sold comparables.

What sold this past week?

15 properties sold in Durango, Colorado and area over the last week. Some really good deals – check it out.

Click Here for Sold Listings 

New Durango Real Estate Listings this week:

There are 13 new listings this week, click here for new listings.

Click Here for New Listings

Bankowned Listings (REO):

Due to continuing interest we are including REO property, which means “Real Estate Owned” in bank-lingo, in other words, bankowned properties, or foreclosed properties after the foreclosure process is completed. The bank/lender now owns the property. They are typically sold at a discount, hence the popularity! Please follow this link to our foreclosure page on our website. It shows all active bankowned and foreclosure listings in the area and is continually updated. Bookmark it and visit it often! Or email us, info@blueribbondurango.com to get set up for automatic email notifications on new bankowned listings!

Click here for Foreclosures & Bankowned Homes in the Durango & Surrounding Areas

 And Back by Popular demand – the Market Snapshot – Free and Instant Home Valuations! A cool map based comparable report that shows new listings and sales comparables to your house, for sellers or buyers.   Sign up by clicking here. Or go to Durangohousevalues.com. You’ll love it!

Be sure to LIKE Blue Ribbon Properties on Facebook!

Get the current market situation and find out what your home is worth. Sign up for the market snapshot here

Disclaimer – these links and information are based on the Durango local multi listing service. While all information is deemed accurate there are no guarantees. Does not include for sale by owners or foreclosure properties that are not listed on the MLS.