CO Durango Resort, MLS, Real Estate and Property Listing » colorado mountain real estate

3-1-10 Market update

Shaheen — Mon, 01 Mar 2010 21:34:49 +0000

Things are looking good, buyer are out shopping again. Seller’s not dropping too much on prices but there is light on the horizon. Here is the activity for Durango from the last 7 days.

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

Find out if your market has stabilized! Free Market Report for Durango Real Estate

Claudia — Thu, 11 Feb 2010 22:00:42 +0000

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 love it, I promise.

For NM real estate reports got to www.SanJuanHouseValues.com. We’ve got a new office in Aztec! It’s at 205 Main, stop by sometime.

–
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

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

Blue Ribbon is Expanding – Office opening downtown Aztec today!

Claudia — Thu, 04 Feb 2010 00:21:52 +0000

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, Blue Ribbon in Aztec offers full service real estate, property management and real estate sales.

Call 505 334 8814 for more information. Look no further for Farmington New Mexico real estate deals. Rental and investment properties cash flow much better here than in Durango, they work well in New Mexico, the rent will pay your mortgage and more, and even better, Blue Ribbon will manage the property so you won’t have to worry about a thing! Call today. 2010 is going to be a great year!

–
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

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

What sold in 2009 in LaPlata County??

Shaheen — Mon, 01 Feb 2010 22:53:26 +0000

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 real estate Network (CREN MLS) from Jan 2010

Res. = Residential, DGO = Durango, Co/Tnhm = Condo/Town home

* Our statistics are looking up from 2008 with an increase in # of units sold and decrease in days on market. These are positive signs of slow market recovery. Buyers are becoming more savvy shoppers and some sellers are pricing their homes more competitively.

Looking forward to a great 2010!

Feel free to email or call us with questions anytime, we are happy to help!

–
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

12/16/09 Blue Ribbon’s Weekly Market Update:

Shaheen — Wed, 16 Dec 2009 20:08:00 +0000

With the holidays here and full on winter just outside our front door, we don’t expect too much activity over the next couple of weeks but people are still looking and calling with questions.

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

12/9/09 Blue Ribbon’s Weekly Market Update:

Shaheen — Wed, 09 Dec 2009 23:14:27 +0000

We had a big storm pull through this week, adding few feet of fresh powder to our little mountain town! Everything has been painted a beautiful shade of white. Meanwhile we are still here working hard!

Here is your weekly market update:

What has sold?

11 Homes have sold in Durango in the past week. Homes were priced from $17k-$1.2 Mil.

-Average list price was $467k -Average sold price: $422k
-Average Days on market: 245
-Average sold price per square foot from these homes: $183.00
-6 homes were in town, the other 5 in rural Durango locations

Click Here to View CMA Presentation

How many homes are under contract?

There are currently 73 homes in Durango with pending sales. Listed prices range from $124,000 to $2.9 mil. Median price is around $350K.

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

Anything New?

There are 11 new listings on the market since last Wednesday prices range from $194k-$1.2Mil. Here are the new listings:

Click Here to View New Listings

For more info or statistics on surrounding areas or additional info, feel free to call or email us, we are happy to help.

–
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

Looking for the scoop on Durango Real Estate? Check out our blog!
http://blueribbondurango.com/blog

I have a few hours in Durango…

Shaheen — Mon, 26 Oct 2009 01:12:25 +0000

Here are a few fun things to do in Durango that don’t take much time to enjoy…

Walk: The River Trail – Hike “Trails 2000″

Visit: “Old Town” Durango Historic Downtown

Train Museum

Fun: Drive the San Juan Skyway

Ride the Silverton Train

Ice Skating 375-7395 for open times

Swim: Durango Recreation center 375-7300

Trimble Hot Springs 247-0111

Tour: Mesa Verde National Park

The honey factory on North 550

Enjoy: Live Music and Downtown Entertainment.

Plus much more…

–
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

Uncle Sam’s House Warming Gift is About to Expire – $8000 for buying a home in Durango

Claudia — Sat, 03 Oct 2009 15:04:22 +0000

Your uncle’s trying to encourage people to buy a home and if they’ll take his advice, he’ll give them $8,000 in the form of a tax credit on next year’s tax return.
You know about the tax credit but you may not understand just how big of a deal it really is. If you qualify (meaning you haven’t owned a home in the past three years) this could be your ticket into Durango real estate. A stimulus package made just for you. Don’t wait, the home prices and interest rates are low, this is a great time to buy!

What would you do with $8000?

$8,000 is more than the down payment on a $225,000 home
$8,000 could buy a lot of furniture and redecorating for a home
$8,000 could be used to pay the buyer’s closing costs and buy down the interest rate to even lower than current rates

The First-time Home Buyer’s Tax Credit is scheduled to expire on December 1, 2009 which means that the buyer must be closed by November 30, 2009. Since it takes four to six weeks lead time to get a mortgage approved and closed, the buyers need to be under contract by about October 15, 2009. TIME IS RUNNING OUT.

Email me, claudia@blueribbondurango.com, and I’ll send you listings and take you out to look at homes. Talk to your favorite lender. It can’t hurt to look, maybe it will work out, maybe not, at least you’ll know you’ve tried. If you don’t, 5 years from now, you’ll wish you had.

–
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

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

Wednesday Market Update 9/23 sold and sales pending

Shaheen — Wed, 23 Sep 2009 20:37:04 +0000

Here is a quick weekly update on what has sold, what’s under contract with a sale pending and what’s newly listed in Durango.

*** SOLD: 3 homes closed in the last week.

Sold Price: $348,000. $390,000. $394,000. 2 where in town condo/town homes and the other was a single family home outside the “city limits”.

Average days on market, aprox 200. From these 3 homes, Seller’s came down an average of aprox. $25k from originally listed price.

***SALE PENDING / UNDER CONTRACT: There are currently 81 homes under contract. 36 of these homes are condo/town homes. The other 45 are single family homes. 44 of the properties are in town and the other 37 are rural areas of Durango.

It is my assumption -about 1/2 of these homes will actually close.

*** NEW LISTINGS: There are 14 new listings this week, prices ranging from $139-$749, mostly single family homes with a few condo/town homes and 2 manufactured homes.

Here are the listings.

All of the statistics Included here are for the Durango area only. If you are interested in statistics on surrounding areas, (such as Bayfield, Cortez etc.) please feel free to call or email us, we would be happy to send those stats your way.

In conclusion, a similar feeling to last week, we continue to agree that the market is picking up, we are definitely seeing more activity from buyers, both from out of town and in. People are looking for a really good deal and first time home buyers are trying to find a house before November when the $8,000 tax credit runs out.

Thanks for reading!

Shaheen Hangval

Blue Ribbon Properties
835 Main Ave #214
Durango, CO 81301

970 247 8388 (office)
970 769-2441 (cell)
970 247 8360 (fax)
www.blueribbondurango.com

Durango really is a friendly community – read on for more…

Claudia — Sun, 20 Sep 2009 23:08:16 +0000

Just read these thank you letters, published in the Durango Herald, Sunday Spt. 20, 2009. It will make you want to move to Durango…

Visitors touched by help from local man

My wife, Leslie, and I recently were on vacation in Southwest Colorado. We hiked 80 miles on the COlorado Trail and had an amazing vacation in your beautiful state. The morning after we finished hiking, we had a scare we will never forget.
We were eating breakfast in Durango at the Brickhouse Cafe, and my wife started to feel ill (not from the food, but form an allergic reaction to medicine). Within seconds, she passed out and was convulsing.
Panicking, I asked if anyone know of the closest hospital; a young, college-aged man stepped forward and said he could take us. He grabbed our belongings and rode with us to the Urgent Care facility. Once there, he parked our car and helped explain what happened to the nurses while Leslie still was unconscious.
When the ambulance arrived, I said thank you to him, no knowing his name or how to express my feelings of gratitude any more clearly at the time. We parted ways, and I later learned he actually had returned to the restaurant to pay our bill.

As it turns out, Leslie made a full recovery within a couple of hours. The deeds of this man always will be remembered by me and my wife. His selfless actions gave us much needed support in a bad situation. This young man’s heroic act should be a lesson for everyone to emulate.

So, to whoever you are, the man who took time to help two strangers in distress, thank you.

Benjamin Jenkins, Christiansburg, VA

And:

Tourists thankful for help from woman

We just returned from an extended trip to Colorado. While in Durango, we hiked up one trail, got lost and came back down on the other side of mountain.

While wandering around lost, a nice lady stopped her car and tried to tell us how to back to our car. She then volunteered to drive us back to where we started. It saved our day.

She has just returned from a trip to Lander, Wyo, and had plenty of things to get done without hauling disoriented tourists around.

This act of kindness wat the nicest thing to happen to us in tree weeks of travel. Durango certainly has some nice people.

Phil and Gail Acuff, Leawood, Kan

Are you ready to move to Durango now? Call us for real estate info. 970 247 8388. Now’s the time to buy.
–
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

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