Here’s the update for the past 10 days.
Sold:
There were 17 sales, price from $20,000 to $4,750,000. Here’s the link.
The average Days on Market was 290, there were several sales over a million which skewed the numbers a bit, here goes. Average sale price was 11.2% below asking.  

 
High
Low
Average
Median

LP:
$5,750,000
$190,008
$887,565
$399,000

SP:
$4,575,000
$188,000
$788,715
$399,000

 
Price Changes:
There were 117 properties with price change, here’s a link. Some [...]

We are seeing a strong increase in phone calls, showings, offers and closed sales!!! Yay!  The market is starting to move again.  Spring brings signs of a good season and buyers bring signs of a good year ahead of us.
Here is your Blue Ribbon’s Weekly Market Update:
What has sold?
11 Homes have sold in Durango in [...]

Warm weather and watching the snow disapearing this week shows us Spring is just about here!  Yay!
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 [...]

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 [...]

You have your future house under contract…next you get the home inspected.  You see the report and it reads in a language you don’t understand but all you can tell is it looks BAD!  Ahhhh…
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 [...]

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
Click Here [...]

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 [...]

Coming into the holiday season, what’s new with the real estate market in Durango?
I feel as though the phones are not ringing as much as the last few weeks but we are still plenty busy and the deals from last month are still running towards the finish line and closing.  We expect it to slow [...]

___________________________________
What’s new in the Durango real estate market with the changing of the season…and winter just around the corner?
* What has sold in the last week?
4 Homes have sold in the last week. 1 was in town, the other 3 were in rural areas of Durango.
-The average sold price: $369k.  (gone up from last week)
-Average [...]