Blue Ribbon’s Weekly Market Update:
 
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
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Below area link to the quarterly statistics published by the Durango area association of Realtors taken straight from the MLS.
2009 had its challenges but comparing 2008 to 2009 we did see a steady increase in sales and a slight increase in median home price.
Click here to see PDF all of 2009 market statistics
Click here to visit [...]

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. [...]

It’s been quite the ride in real estate in 2009. Tough for sellers, scary for buyers, I feel it can only get better. If you are buying, this is the first time in 15 years in Durango that prices are down and sellers are willing to negotiate. In my book, definitely a great time to [...]

There is no time more fitting to say thank you to our friends and clients from all of us at Blue Ribbon. It has been a great year.  Yes, we were faced with many challenges but none that we could not learn something from.

2010 Real Estate forecast for Durango – Positive
After speaking to lenders, investors, [...]

Blue Ribbon’s Weekly Market Update:
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 [...]

I can’t say it enough…it’s a great time to buy!
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 [...]

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 [...]

As you might have guessed, foreclosures and bankowned homes are on the rise in Durango, see today’s Durango Herald article.
This is a sad development for the families and homeowners. If you know anyone in this predicament, please tell them there is a free legal service that can help avoid foreclosures in Colorado. 4 our of [...]

Wednesday already!  Here is your weekly market update.
As mentioned before, the following information is for all homes in the Durango area.  If you would like statistics on areas outside of Durango, please let us know.
We would be happy to email you information on areas that interest you.
* What has sold?
12 Homes have sold in Durango [...]