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

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

The Art community is building in Durango!

Shaheen — Fri, 13 Nov 2009 16:50:37 +0000

Being born and raised in Austin, Texas (the said to be – live music capital of the world) a town FULL of entertainment and excitement, I have high expectations for the “arts” if you will.

When I first moved to Durango I immediately checked out the music venues and the Arts scene. Even to this day I find myself attending any and almost all music shows, film festivals and art expos ~ but I have noticed a change in the last couple of years.

* Durango is moving on up in the music and art world!

(Click on any of the highlighted words to visit their home website)

* The annual Durango film festival is getting bigger and bigger each year, sold out shows and great films.

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*The Durango Arts center is now putting on more performances, such as the most recent Salt Fire Circus with all local performers.

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*The Hank theater at the Strater is hosting all kinds of events, including this Halloween’s live performance of the Rock Horror Picture show!

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* The Abbey theater is hosting bigger names for music. Just last week I went to see Stephen and Julian Marley at The Abby for $25.00! Wow, being that it is such a small venue, I was lucky enough to get to meet the band!

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…and this is just to name a few recent fun events…

I like where this town is going! It keeps me entertained and I feel all ages and interests can find something fun to do in this great town!

* Check out the local independent paper The Telegraph for weekly events.

As always, thanks for reading, call or email us for any questions!

–
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

Weekly Market Update

Shaheen — Thu, 22 Oct 2009 20:35:49 +0000

This is the week to buy!!!!

Getting a little chilly out. These 40 degree temperatures remind us of the snow just around the corner. In the winter it can be harder to sell your home. Most people end up taking their homes off the market for the winter and renting them out to gain some income through the cold months.

Also most people list their home in the Spring, the average listing contract is 6 months ~ SO ~ in other words listing a house for sale in April or May means the listing could end in October or early November. BUY NOW before it’s gone.

* Back to the statistics….please keep in mind these statistics are for Durango, if you would like market statistics on surrounding areas, please let us know, we would be happy to email them your way.

What has sold in the last week?

5 Homes have sold in the last week. 3 in town, the other 2 were in rural areas of Durango.

-The average sold price: $426k. (gone up from last week)
-Average Days on market: 120 (gone down from last week)
-Average sold price per square foot from these homes: $215.00 (gone up from last week)

Here are the homes that sold

* How many homes are under contract?

Currently there are 88 homes with sales pending (this number has gone up since last week), prices range from $110,000 – $2.9 million.
The median price is $374,000.
45 of the homes are in town, the other 43 are in rural areas of Durango.

* Here are the 11 new listings that have popped up in the last 7 days.

Click Here to View New Listings

Feel free to email us with any questions!
Thanks for reading.

At what price should you list your downtown Durango house? Open letter to Durango Real Estate Sellers….

Claudia — Wed, 27 May 2009 22:57:38 +0000

I was just asked by a past client to reassess what they could sell their downtown Durango historic property for. It’s a 2800 SF home on a double lot, located on our historic Third Avenue, absolutely a great location. The house has some upgrades but is really in need of a serious remodel/rebuild. I thought I would share with you the advice I gave them(click on the links to listings for more information as well).

“About your house… hmmm …. we had it listed for $659,000 two years ago, when the market was better, and really didn’t get much response on that price then. Now it’s a different market, even tougher.

Here is a link to all active listings in the historic downtown area with more than 1800 sf, there have been no sales in this size range downtown in 2009…

Click Here to View Listings

I also searched for all in-town, 2-5 BR, over 1800 SF, and here’s the summary. There are 81 listings and only 11 sold in the first 5 months of this year. Of these 11, 9 sold for under $500,000, one for $533,000 ($50,000 under asking) and one for $733,000 ($60,000 under asking). That means that 1. only about one in 8 houses will sell every 5 months and 2. 8 of 10 houses selling are under $500,000. and 3. it’s a buyer’s market. People are downsizing and definitely not spending what they did a few years ago.

Click Here to View CMA Presentation

All that being said I’d say we could list your house for $550,000 to $600,000 and not be out of line with other listings, but given the current market and buyers and the fact that nothing downtown has sold, if you really want to sell this year I’d price it at $425,000 to $475,000 at the most. I know that’s probably not what you want to hear, but I don’t think I’d be doing you any favors by not being realistic. You are probably better off waiting for the market to get better. Or sell at a loss and reinvest in cheap properties in Denver??? I’m sure you would get significantly more cash flow over there. (these clients have moved to Denver).”

If the links don’t work (they are only good for 30 days) or if you’d like my price opinion on your house, or see links to different listings just call or email. We are here to help.

Claudia Williams

Owner/Broker/Exchangor

Blue Ribbon Properties

Your Durango Colorado Real Estate Source

970 749 3555

Thank you, Durango Area Firefighters & Law Enforcement!

Claudia — Thu, 09 Apr 2009 16:53:48 +0000

As you may have read in the news, Durango experienced another fire downtown this past weekend, which gladly ended on a much better note than the downtown fire of last February. The Newman building on the corner of 8th Street and Main Avenue started burning early Sunday morning, and the response from the various fire departments was fantastic, and really deserves some recognition. It should probably be mentioned that our office is located just next door to where these fires occurred, so we are doubly grateful for the speed with which everyone responded to this emergency. More importantly, no one was injured in this fire, which is, of course everyone’s first worry. A hearty thanks to the hardworking and brave firefighters from Durango Fire & Rescue, the Upper Pine River and Los Pinos fire protection districts and Durango Police and La Plata County Sheriff’s deputies for protecting Durango’s citizens and Durango’s historic buildings. Read more about the recent fire here.

Durango Real Estate: Tips for Spring Sellers

admin — Tue, 10 Mar 2009 17:47:00 +0000

A house that “sparkles” on the surface will sell faster than its shabby neighbor…

…even though both are structurally well-maintained.

From experience, REALTORS® also know that a “well-polished” house appeals to more buyers and will sell faster and for a higher price. Additionally, buyers feel more comfortable purchasing a well-cared for home because if what they can see is maintained, what they can’t see has probably also been maintained. In readying your house for sale, consider:

How much should you spend

Exterior and curb appeal

Preparing the interior

How much should you spend! (Not a typo!)

In preparing your home for the market, spend as little money as possible. Buyers will be impressed by a brand new roof, but they aren’t likely to give you enough extra money to pay for it. There is a big difference between making minor and inexpensive “polishes” and “touch-ups” to your house, such as putting new knobs on cabinets and a fresh coat of neutral paint in the living room, and doing extensive and costly renovations, like installing a new kitchen. Your REALTOR®, who is familiar with buyers’ expectations in your neighborhood, can advise you specifically on what improvements need to be made. Don’t hesitate to ask for advice.

Maximizing exterior and curb appeal

Before putting your house on the market, take as much time as necessary (and as little money as possible) to maximize its exterior and interior appeal. Tips to enhance your home’s exterior and curb appeal:

Keep the lawn edged, cut and watered regularly.
Trim hedges, weed lawns and flowerbeds, and prune trees regularly.
Check the foundation, steps, walkways, walls and patios for cracks and crumbling.
Inspect doors and windows for peeling paint.
Clean and align gutters.
Inspect and clean the chimney.
Repair and replace loose or damaged roof shingles.
Repair and repaint loose siding and caulking.
In Northern winters, keep walks neatly cleared of snow and ice.
During spring and summer months consider adding a few showy annuals, perhaps in pots, near your front entrance.
Re-seal an asphalt driveway.
Keep your garage door closed.
Store RVs or old and beaten up cars elsewhere while the house is on the market.
Apply a fresh coat of paint to the front door.

Maximizing interior appeal

Enhance your home’s interior by:

Giving every room in the house a thorough cleaning, as well as removing all clutter. This alone will make your house appear bigger and brighter. Some homeowners with crowded rooms have actually rented storage garages and moved half their furniture out, creating a sleeker, more spacious look.

Hiring a professional cleaning service, once every few weeks while the house is on the market. This may be a good investment for owners who are busy elsewhere.

Removing the less frequently used, even daily used items from kitchen counters, closets, and attics, making these areas much more inviting. Since you’re anticipating a move anyhow, holding a garage sale at this point is a great idea.

If necessary, repainting dingy, soiled or strongly colored walls with a neutral shade of paint, such as off-white or beige. The same neutral scheme can be applied to carpets and linoleum.

Checking for cracks, leaks and signs of dampness in the attic and basement.

Repairing cracks, holes or damage to plaster, wallboard, wallpaper, paint, and tiles.

Replacing broken or cracked windowpanes, moldings, and other woodwork. Inspecting and repairing the plumbing, heating , cooling, and alarm systems.

Repairing dripping faucets and showerheads. Buying showy new towels for the bathroom, to be brought out only when prospective buyers are on the way.

Sprucing up a kitchen in need of more major remodeling by investing in new cabinet knobs, new curtains, or a coat of neutral paint.

We’d be happy to come by and offer our modest opinion on how make your house appeal to the highest number of people, thus increasing your chance of selling at full price in the shortest amount of time.

Even better…

Get a free – no commitment – market valuation and price analysis for your home. That means based on other sale in the area and what is currently for sale in your neighborhood we will help you determine a realistic market value that will ensure a sale of your house at top dollar.

Check out this video: Maybe it will remind you to enjoy your day-to-day!

Claudia Williams
970 247 8388

P.S. Search the MLS at http://www.blueribbondurango.com/mls.php or email us to receive listings as they hit the market

P.P.S. Determine the value of your home, call me today