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 there are tons of good deals out there.

Here is your Blue Ribbon’s Weekly Market Update:

What has sold?
9 Homes have sold in Durango in the past week.  Homes were priced from $120K-$475K.

-Average list price was $313k     -Average sold price: $308k
-Average Days on market: 113
-Average sold price per square foot from these homes: $191.00
-5 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 66 homes in Durango with pending sales.  Listed prices range from $29,000 to $4.9 mil. 
31 of these homes are in town.
35 are in rural areas of Durango.

Any New listings?

There are 18 new listings that have posted in the last week. 3 are in town and 15 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 Hood
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?
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

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

Here is your Blue Ribbon’s Weekly Market Update:

What has sold?
16 homes have sold in Durango in the past week.  Homes were priced from $239k-$995k

-Average list price was $470k     -Average sold price: $443k
-Average Days on market: 268
-Average sold price per square foot from these homes: $186.00
-2 homes were in town, the other 14in rural Durango locations

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

There are currently 71 homes in Durango with pending sales.  Listed prices range from $119k to $5.7 mil. 
32 of these homes are in town.
39 are in rural areas of Durango.

Any New listings?

There are 33 new listings that have posted in the last week. 14 are in town and 19 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

 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

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

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

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

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

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

Okay, first…Breathe.  It’s okay, relax…let’s review.

* Don’t worry when you read ….”appears serviceable”

What does that mean?   Sounds like “needs work” but actually it means from brand new to works fine.  No problem there.

* Another scary phrase is “Hire a licenced qualified professional”

Again, relax, this does not mean “watch out the house might fall down!!”  It would mean, if this is item concerns you, the inspector is not qualified to give you more info for liability purposes.  If some base board needs caulk, it’s probably safe to say you don’t have to contact a general contractor, ask a handy man.  Now, if there is water leaking out of the light fixtures…okay that would be a little more serious.  

Take each item into consideration, ask friends or family members what they think about the report and most importantly, talk to you Realtor about your options/recommendations.  Sleep on it, you don’t have to make any rash decision right away, just give it some time.  Take the inspection to the house and walk around seeing the items mentioned yourself.

Click here to read article “Don’t freak out when you get back inspection results”

* My Suggestion to sellers:

When you are about to put your home on the market get a “pre-home inspection” done on your house.  They typically are less than $300.00 but this is a great value being that it could save a deal involving thousands of dollars from falling through.  You will already have a good idea of any issues that might scare a buyer off and you can make any appropriate changes before hand.  Do keep in mind that different inspectors might find different items.

If you have any other questions about the home buying process, feel free to email me or give us a call at the office.  We are happy 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

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