Friday 14th

• High Altitude Blues at the Balcony Bar & Grill at 11:00 am

• Weekly Beer Tasting at Star Liquors from 3:00pm – 6:00pm

• Bicycle A One Night Show at 1021 Main Ave. from 5:00pm – 9:00pm

Saturday 15th -

• Dandelion Festival at 15th and Main ( The park with the gazebo behind VFW) from 9:00am – 4:00pm

• Rylee Mac’s Famous Patio Opens for Lunch & Dinner at Rylee Macs from 11:00am – 4:00pm

• Lisa Blue Trio at the Diamond Belle Saloon at 5:00pm

• Yoga Workshop in Moab with Barbara Benagh at the Moab Arts & Recreation Center from 9:00am – 1:00pm

Sunday 16th -

• Taste of Durango on Downtown Main Street from 11:00am – 3:00pm

• Traditional Irish Jam Session at the Irish Embassy Pub from 12:30pm – 4:00pm

• Sunday Artmarkets Courtyard at the Artisans of the Southwest Gallery & Winery in Pagosa Springs from 12:00pm – 3:00pm

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?
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

Typically the activity over the holidays is slower because people are traveling and spending time with family and friends. Watch for the market updates over the next couple of weeks and I’d bet you’ll see a steady increase in sales, pending listings and new listings.

* Here is your weekly market update:

What has sold?

4 Homes have sold in Durango in the past week.  Homes were priced from $234k-$937kl.

-Average list price was $557k     -Average sold price: $532k
-Average Days on market: 117
-Average sold price per square foot from these homes: $167.00
-All 4 homes were in rural Durango locations

Click Here to View CMA Presentation

How many homes are under contract?

There are currently 56 homes in Durango with pending sales.  Listed prices range from $70,000 to $2.4 mil.  Median price is $347K.

26 of these homes are in town.
30 are in rural areas of Durango.

Anything New?

There are 11 new listings on the market in the last week, prices range from $59k-$729K.  Here are the new listings:

Click Here to View New Listings

If you would like statistics on other areas or within specific parameters, let us know, we would be happy to send them your way!

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 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

Looks like we are going to have a white Christmas.

Everyone stay safe out there and we should be back to normal in a day of two.  For pictures and stories on the snow day go to www.durangoherald.com and www.buzztown.com.

And here’s a link to the Durango Mountain Resort Webcam:

Happy Snow Day.

Claudia Williams

Blue Ribbon Properties

Durango Real Estate

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 volume is up from last year.

Click here to read Sunday’s article

The 1st time home buyer tax credit was extended to next April and the feds added a $6,500 tax credit for current homeowners who have owned their home for over 5 years.   With positive market statistics,  great mortgage rates and buyer credit incentives…the magic 8-ball says “all signs point to yes”!  Get it while the gettin’s-good!

*****As for weekly statistics:

14 Homes have sold in the last week. 5 were in town, the other 9 were in rural areas of Durango.  This number has been gradually on the rise.

-The median sold price was $502,500 (gone up from last week)

-The average sold price: $526k.  (gone up from last week)

-Average Days on market: 193  (this is about average right now)

-Average sold price per square foot from these homes: $222.00 (going up)

Here are the homes that sold

* How many homes are under contract?

Currently there are 74 homes with sales pending, Prices range from $16,000 – $2.9 million.

Click Here to View New Listings

Feel free to email us with any questions!  We are here 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

In the week of 9-9 to 9-16-09 there were 5 sales in Durango real estate, that is Durango intown and rural. The good news is that there are over 70 properties pending sales, or marked under contract as the local realtors say. Given the tough market and lending situation I would venture a guess that about 50-60% of those actually make it to successful closing, we’ll keep you posted. These numbers compare to over 1000 listings currently marked active on the mls.

Click here for a detailed CMA report on the sold and pending listings ( I didn’t include the 1000 listings, but if you’re interested call or email). Those thousand Durango real estate listings are divided about half condos and lower end and half single family residences on lots or land. You can search the MLS on our website, just click here - search Durango MLS.

I’d concluded that the market is picking up, we are definitely seeing more activity from buyers, both from out of town and in. However, buyers are still very much looking for the screaming deals and/or are offering low. Have a great week, look for our market update again next Wednesday.

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

When looking for a home, anyone can call the phone number on the sign in front of the home for sale.  The person who answers that phone will most likely have useful information about the property but it is important to keep in mind the person listing the home was hired to work for the Seller, and is striving for the Seller’s best interest, not the Buyer’s. 

The internet is also a great resource for previewing properties.  However the internet “MLS” websites are updated on a monthly basis so by the time you find the property you want to look at, in many cases it is already under contract or sold.  A licensed Realtor can provide current listing information for available properties on a daily basis.

The benefit of having a Buyer’s agent represent you is to have a qualified agent working as an advocate for your best interest.  We can help you arrange financing, assist in negotiating a competitive purchase price, manage the paperwork, going over all documents with you one on one, provide useful sold & listed comparables, look up important history and or tax records, remind you of important deadlines, and handle the details to ensure a smooth closing.  

The commission to pay for our services is usually paid by the Seller, not by you.  Even most FSBO (for sale by owner) Sellers are willing to pay commissions to an agent who represents a buyer for their home.  In most cases you have the opportunity to utilize full representation on your behalf at no additional cost to you!

For more information on Buyer’s agent feel free to contact us at Blue Ribbon, we are here to help!

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