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

—
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

After the new year we do expect much higher numbers in buyers and sales.  The crowd of ski vacationers and family visits are usually at their highest in Jan and Feb and with all the snow we have been getting lately, the skiing should be pretty fun!

With that said, here is the recent real estate activity over the last week!

* What has sold?

9 Homes have sold in Durango in the past week.  Homes were priced from $188k-$625k.

-Average list price was $367K     -Average sold price: $353k

-Average Days on market: 208

-Average sold price per square foot from these homes: $202.00-

- 2 homes were in town, the other 7 in rural Durango locations

Over the last few months I have seen the average sold price slowly rise and the average days on market slowly drop.  The percentage of original list price and sold price has stayed about the same (between 8%-12%).  This tells me that there are a few more buyers out there and the market is on a slow and steady rise.   Click Here to View CMA Presentation on homes sold

* How many homes are under contract?

There are currently 71 homes in Durango with pending sales.  Listed prices range from $124,000 to $2.9 mil.  Median price is around $350K.

39 of these homes are in town.
32  are in rural areas of Durango.

* Anything New?

There are 9 new listings on the market since last Wednesday prices range from $165k-$859K.  Here are the new listings:

Click Here to View New Listings

These statistics only include Durango homes, not land or any surrounding areas.  We are happy to send you similar statistics for specific locations that you are have interest in…just call or email…happy to help!

Happy Holidays Friends!

Cheers!

–
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

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

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 volume is up from last year.

Click here to read Sunday’s article

The 1st time home buyer tax credit was extended to next April and the feds added a $6,500 tax credit for current homeowners who have owned their home for over 5 years.   With positive market statistics,  great mortgage rates and buyer credit incentives…the magic 8-ball says “all signs point to yes”!  Get it while the gettin’s-good!

*****As for weekly statistics:

14 Homes have sold in the last week. 5 were in town, the other 9 were in rural areas of Durango.  This number has been gradually on the rise.

-The median sold price was $502,500 (gone up from last week)

-The average sold price: $526k.  (gone up from last week)

-Average Days on market: 193  (this is about average right now)

-Average sold price per square foot from these homes: $222.00 (going up)

Here are the homes that sold

* How many homes are under contract?

Currently there are 74 homes with sales pending, Prices range from $16,000 – $2.9 million.

Click Here to View New Listings

Feel free to email us with any questions!  We are here 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

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 down a little over the next month but typically it picks back up in January.

* What has sold in the last week?

8 Homes have sold in the last week. 4 were in town, 4 in rural areas of Durango.

-The average sold price: $499k, median sold price 379K.
-Average Days on market: 200
-Average sold price per square foot from these homes: $229.00

Click Here to View Homes sold in the last week

* How many homes are under contract?

Currently there are 81 homes with sales pending, Prices range from $16,000 – $2.9 million.

The median price is $375,000.

43 of the homes are in town, the other 38 are in rural areas of Durango. These numbers have held pretty steady over the last couple months.

* Here are the 6 new listings that have popped up in the last 7 days.

Click Here to View New Listings
Feel free to email us with any questions!
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

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 is about average right now)
-Average sold price per square foot from these homes: $206.00 (this is about average right now too)
-The home sold stayed on average between 5%-8% of the listing price compared to the sold price.

Click to  View Sold homes with summary chart

* How many homes are under contract?

Currently there are 85 homes with sales pending, Prices range from $110,000 – $2.9 million.
The median price is $379,000.
44 of the homes are in town, the other 41 are in rural areas of Durango.

Any new homes on the market?

* Here are the new listings that have popped up in the last 7 days.  There are 11 new listings in the last week.

Click here to view new listings

Day to day it seems like we are XTRA busy, working hard for our clients but at the same time I can see the winter “slow down” starting.  Only time and statistics will tell.  Check back in or email us anytime.

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

What’s new in the Durango real estate market with the changing of the season…and winter just around the corner?

* What has sold in the last week?

4 Homes have sold in the last week. 1 was in town, the other 3 were in rural areas of Durango.

-The average sold price: $369k.  (gone up from last week)
-Average Days on market: 188 (gone down from last week)
-Average sold price per square foot from these homes: $193.00 (gone down from last week)

Here are the homes that sold

_____________________________________________________________

* How many homes are under contract?

Currently there are 83 homes with sales pending,

Prices range from $110,000 – $2.9 million.

The median price is $369,000.
I would say it’s safe to assume less then 1/2 of these will make it to closing.
43 of the homes are in town, the other 40 are in rural areas of Durango.

_____________________________________________________________

* Here are the new listings that have popped up in the last 7 days.

Click Here to View New Listings

_____________________________________________________________

* Also here’s an interesting article what the Durango Herald has to say on the market as of yesterday.

Click here to read Article

_____________________________________________________________

Feel free to email us with any questions!
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