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

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

Cruisn’ Around Downtown!

Shaheen — Tue, 15 Jun 2010 17:44:30 +0000

Blue Ribbon is mobile!

We have new Blue Ribbon cruiser bikes that are available for our clients to use or to take people on home viewing tours.

They are super fun and very convenient!

Come in and you can sign out a bike to use for the day.

Ride around in Style!!!

Have a great week and enjoy some of this beautiful sunshine!

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

5/11/10 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

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

Daylight Savings Reminder…

Shaheen — Fri, 12 Mar 2010 23:33:39 +0000

Hello Friends,

It’s that time of year again, Daylight Savings!

When? This Sunday, March 14th at 2:00 am Spring forward, Fall back…

so be sure to turn your clocks forward 1 hour on Sunday night.

Does this mean it’s finally Spring? Could someone please inform the weather man it’s Spring now and to start reporting signs of warmth on the horizion!

Have a great weekend!

–
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

3-1-10 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