CO Durango Resort, MLS, Real Estate and Property Listing » best real estate deal in durango

Real Estate Statistics – 2nd Quarter 2010 sales for Durango Area

Claudia — Thu, 15 Jul 2010 20:35:53 +0000

The Durango Area Association of REALTORS has released their MLS statistical data for the end of the 2nd quarter, 2010. The year-to-date information below provides a summary of residential, commercial and land sales in Durango and Bayfield. Although market trends continue to affect the median price in many segments, the number of sales increased in every category.

The extension of the First Time Homebuyers Credit had a very positive impact on the number of residential sales, with many buyers taking advantage of the $8,000 credit offered by the Federal Government. The percent of increase shown in the Durango residential market is elevated by comparison to 2009’s twenty-year lows. Inventory levels of homes for sale remain high, creating a strong buyer’s market. A good selection of homes and very low interest rates create an ideal purchasing opportunity for the savvy buyer, yet many potential buyers are choosing a wait-and-see stance. In fact, USA Today reported on July 2, 2010 “Mortgage rates are the lowest in more than experts around the country are touting the increased affordability for buyers, noting that a 1% change in the interest rate is equivalent to a 10% change in value. The impact of today’s interest rates, as compared to seeking the lowest possible price, can create the highlight of a purchase and protection well into the future.

Here is a link to the full statistical report for the second quarter of 2010.

In summary, the market is relatively strong, with increased sales and a slight decrease in prices. Call us for more information, whether you are thinking about buying or selling.

–
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

Find out if your market has stabilized. Free Report. www.durangohousevalues.com or www.sanjuanhousevalues.com for Farmington and Aztec, NM

Check out my blog
The Scoop on Durango Real Estate
www.blueribbondurango.com/blog

Weekly Market Update from Blue Ribbon

Shaheen — Fri, 11 Jun 2010 23:31:58 +0000

The summer is here! The town is in it’s prime. Things have been busy at the office.

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 $196k-$652k.

-Average list price was $361k -Average sold price: $348k
-Average Days on market: 83
-Average sold price per square foot from these homes: $194.00
-4 homes were in town, the other 3 in rural Durango locations

Click Here to View CMA Presentation
How many homes are under contract?

There are currently 62 homes in Durango with pending sales. Listed prices range from $79k to $895k.

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

Any New listings?

There are 43 new listings that have posted in the last week. Prices are between $79k-$3.2 Mil.

18 are in town and 25 are in rural areas of Durango.

Click here to see new listings

These statistics are only for Durango in town and rural areas of 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

5/21/10 Durango Real Estate Market Update

Claudia — Fri, 21 May 2010 00:29:38 +0000

Here’s the update for the past 10 days.

Sold:

There were 17 sales, price from $20,000 to $4,750,000. Here’s the link.

The average Days on Market was 290, there were several sales over a million which skewed the numbers a bit, here goes. Average sale price was 11.2% below asking.

	High	Low	Average	Median
LP:	$5,750,000	$190,008	$887,565	$399,000
SP:	$4,575,000	$188,000	$788,715	$399,000

Price Changes:

There were 117 properties with price change, here’s a link. Some of them substantial, like my listing at Dalton Ranch, on Horsethief Lane. It was reduce by almost $50,000 to $475,000 for a quick sale. This is over $100,000 below what these owner paid for the house less than 2 years ago.

New Listings In Durango and area, including Bayfield:

You can tell spring is here by the fact that there are loads of new listings to choose from. In the past 10 days we had 135 new listings, including land, priced from $35,000 for a lot in Forest Lakes to a $3.2 Million custom home in Tamarron.

Here’s the link.
In Durango and area

If you would like to see other listings or 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!

–
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

Find out if your market has stabilized. Free Report. www.durangohousevalues.com or www.sanjuanhousevalues.com for Farmington and Aztec, NM

Check out my blog
The Scoop on Durango Real Estate
www.blueribbondurango.com/blog

5/11/10 Blue Ribbon Market Update

Shaheen — Tue, 11 May 2010 23:17:54 +0000

Here is your Blue Ribbon’s Weekly Market Update:

What has sold?
6 Homes have sold in Durango in the past week. Homes were priced from $188k-$750k.

-Average list price was $361k -Average sold price: $349k
-Average Days on market: 204
-Average sold price per square foot from these homes: $222.00
-5 homes were in town, the other 1 in rural Durango locations

Click Here to View CMA Presentation
How many homes are under contract?

There are currently 70 homes in Durango with pending sales. Listed prices range from $119,500 to $5.7 mil.
39 of these homes are in town.
31 are in rural areas of Durango.

Any New listings?

There are 42 new listings that have posted in the last week. 14 are in town and 28 are in rural areas of Durango. Homes are priced from $25,000-$5.5 mil.

Click here to see 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

April 20th, 2010 – Durango Real Estate Market Update and 1st Quarter Statistics

Claudia — Tue, 20 Apr 2010 13:57:46 +0000

Dear Readers

Durango Real Estate is looking up again, as both the 1st quarter home sales statistics for 2010 and current sale pending numbers show.

First, here is an excpert of the press release of the Durango Area Association of Real Estate on the 1st quarter real estate sales statistics (click here for the full article and statistics)

The first quarter is being compared to the same quarter over the last 3 years. For the

second consecutive quarter, the La Plata County residential market has improved with a

higher number of transactions and an improved median price. Total residential

transactions in the County for the 1st Quarter of 2010 were 131 compared to 79 last year,

a 66% increase. The median price increased from $275,600 to $306,100….. click here for more

Now for the weekly update blog

In the last 10 days (April 10th through 20th) there were 19 sales in Durango and Area ranging in price from under $100,000 for a mobile home with no land to $670,000 for an Edgemont Ranch Custom Home. Here a link to recent sales.

There are 23 homes that went under contract (sale pending) in the past 10 days, ranging in price form $100,000 to over $4 Million . Click here for homes recently under contract. Thats a good indication that sales are increasing.

During the last 10 days we have seen over 100 new listings. Spring is traditionally the time where most Durango homeowner put their homes on the market. I think this is a good sign and a fun time to be looking for a new house and a good deal! Here is a link to all recent new listings (minus land listings)

We have two great new listings at Blue Ribbon, a relocation listing at almost $100,000 less than the recent purchase as well as a bnicely remodelled intown duplex which rental potential (live in one side and rent out the other?). Click here for more details.

As always, please email or call if you would like to see custom links to certain types of listings and sales or would like more information.

–Claudia WilliamsOwner/Ecobroker/Exchangor

Blue Ribbon Properties

835 Main Ave #214Durango, CO 81301

970 247 8388 (office)970 749 3555 (cell)

970 247 8360 (fax)www.blueribbondurango.com

Find out if your market has stabilized. Free Report.

http://www.durangohousevalues.com

or www.sanjuanhousevalues.com for Farmington and Aztec, NM

Check out my blogThe Scoop on Durango Real Estate www.blueribbondurango.com/blog

Volcanic Ash from Iceland closes all airports in Europe – Claudia stuck in Germany

Claudia — Mon, 19 Apr 2010 14:33:20 +0000

I came to Germany 10 days ago with my son, Tony, to deliver him to a friend of mine and her family for a student exchange. We are in Regensburg and Tony is having a great time, check out his blog.

I was supposed to be back in the office today, but nature decided otherwise. Last week a volcano errupted in Iceland (really not that close to Germany) and now there’s a cloud of volanic ash over Europe, all airports have been closed for the past 5 days. I was rebooked to fly tomorrow, just found out that that flight is cancelled as well. By now the backlog is so huge that I have to wait another week to get on a plane (that is if the airports are open again).

Apparently the volcanic ash has tiny pieces of glass that get stuck in the jet turbines and can make the engines stop. Never heard of anything like that. Check out this article.

If you need me please email claudia@blueribbondurango.com or call Shaheen at the office for showings etc. 970 247 8388

Claudia Williams

Blue Ribbon Properties

Durango Realtor

Blue Ribbon Weekly Market Update!

Shaheen — Fri, 09 Apr 2010 19:09:11 +0000

I recently read an article from Homes.com/Realtor.com showing this years statistics so far and how pending home sales show a healthy gain nationwide. Could results in a Spring surge this year!

CLICK HERE TO READ FULL ARTICLE

In the local Durango market:

What has sold?
17Homes have sold in Durango in the past week. Homes were priced from $94k-$400k.

-Average list price was $279k -Average sold price: $259k
-Average Days on market: 215
-Average sold price per square foot from these homes: $216.00
-15 homes were in town, the other 2in rural Durango locations

Click Here to View CMA Presentation

How many homes are under contract?

There are currently 71homes in Durango with pending sales. Listed prices range from $154,000 to $5.7 mil.

25 of these homes are in town.
46 are in rural areas of Durango.

Any New listings?

There are 33 new listings that have posted in the last week. 9 are in town and 24 are in rural areas of Durango. Prices range from $135k-$1.5 mil.

Click here to see new listings

*These statistics are only for Durango in town and rural areas of 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

Homes sales find a balance – Durango real estate news April 2010

Claudia — Wed, 07 Apr 2010 15:20:26 +0000

Our local newspaper, the Durango Herald, has two local real estate articles today. The forecast for 2010 Durango Real Estate and home sales is mixed, good on the one hand not so much on the other. Volume is up and prices are likely to go come down some, good for buyers. Home sales slowly find a balance and Brokers: 2010 home prices may decline.

On a more positive note, there’s also an article on Job Increases! Keep your faith, things will pick up again soon.

If you are in the market to buy this is a great time. If you find a house in April you can qualify for the $8000 first time home buyers credit or for the $6500 home buyer credit. Call today to see property. I’m listing a duplex on 32nd St today, $399,000, one side has 3 BR, one 2 BR, nice yard, fully remodeled, live in one side and rent out the other?

I’m also about to list a relocation home on the Golf Course in Dalton Ranch, as a discounted price, stay tuned.

–
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

Find out if your market has stabilized. Free Virtual Mapbased Report, great way to see the comparable sales and new listings, sign up today at www.durangohousevalues.com

or www.sanjuanhousevalues.com for Farmington and Aztec, NM

Check out my blog
The Scoop on Durango Real Estate
www.blueribbondurango.com/blog

3/29/10 Blue Ribbon Properties Market Update

Claudia — Mon, 29 Mar 2010 22:20:24 +0000

We are seeing a strong increase in phone calls, showings, offers and closed sales!!! Yay! The market is starting to move again. Spring brings signs of a good season and buyers bring signs of a good year ahead of us.

Here is your Blue Ribbon’s Weekly Market Update:

What has sold?
11 Homes have sold in Durango in the past week. Homes were priced from $195,000-$750,000.

-Average list price was $365k -Average sold price: $350k
-Average Days on market: 218
-Average sold price per square foot from these homes: $228.00
-7 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 78 homes in Durango with pending sales. Listed prices range from $57,900 to $5.7 mil.
34 of these homes are in town.
44 are in rural areas of Durango.

Any New listings?

There are 20 new listings that have posted in the last week. 10 are in town and 10 are in rural areas of Durango. Prices range from $249,900-$1.4 mil.

Click here to see new listings

These statistics are only for Durango in town are rural areas of 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

3/19/10 Durango Market Update

Shaheen — Thu, 18 Mar 2010 23:34:52 +0000

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 square foot from these homes: $182.00
-3 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 75 homes in Durango with pending sales. Listed prices range from $78,000 to $1.9 mil. Median price is around $299K.

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

Any New listings?

There are 23 new listings that have posted in the last week. 12 are in town and11 are in rural areas of Durango.

Click here to see 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