Bring on the rain!  Yay for monsoon season!  It has been hot but at least now it rains just about every day for a hour or so…it cools off the town. 
As for real estate…we are busy here, not as many offers but buyers are still out there hunting for deals!  If you haven’t looked lately [...]

Warm weather and watching the snow disapearing this week shows us Spring is just about here!  Yay!
Here is your Blue Ribbon’s Weekly Market Update:
What has sold?
7 homes have sold in Durango in the past week.  Homes were priced from $47,500-$1,025,000.
-Average list price was $446k     -Average sold price: $370k
-Average Days on market: 300
-Average sold price per [...]

We’ve got an awesome new webtool that sends you a great real estate market report either for buyers or sellers. It shows comparable sales for the past three months and all homes currently on the market in a handy map format. Here’s a sample report  for Durango Home buyers.
Sign up for your free report here:
www.durangohousevalues.com.
You’ll [...]

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 [...]

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. [...]

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 [...]

What has sold in the last week?
15 Homes have sold in the last week. 7 were in town, the other 8 were in rural areas of Durango.
5 were Condo or Town homes, 2 manufactured homes and 8 were stick regular built homes.
-The average sold price: $415k.  (on a steady incline)
-Average Days on market: 238 (this [...]

A couple of days ago the Durango Herald published an article on short sales and what to do if you need to sell but your home is worth less than what you owe on it. One option is something called a “short sale.”
And don’t let the name fool you. This type of sale is complicated [...]

To List or Not to List – The Pros and Cons of Listing a House You Think Might Not Sell
I’ve heard a lot of opposing views on whether or not to take certain listings and whether it’s worth it in the end, both on the end of the seller and the agent, in Durango and [...]