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 [...]

The summer is here!  The town is in it’s prime.  Things have been busy at the office.
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 $196k-$652k.
-Average list price was $361k     -Average sold price: $348k
-Average Days on market: 83
-Average sold price per square foot [...]

Here is the Durango real estate market update for the last 8 Days!
What’s Sold:
18 Listings have sold in the Durango area. The prices ranged from $125,250 to $727,500
Click on the Link to See
The average days on market was 171.

LIST PRICE:

SOLD PRICE:

HIGH
LOW
AVERAGE
MEDIAN
 
 

$749,900

$125,000

$322,026

$300,000

$727,500

$125,250

$304,697

$299,000

Price Changes:
69 homes have had a price change. The prices range from $59,900 to $2,100,000.
Click [...]

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 [...]

I recently read an article from Homes.com/Realtor.com showing this years statistics so far and how pending home sales show a healthy gain nationwide.  Could results in a Spring surge this year!
 CLICK HERE TO READ FULL ARTICLE
In the local Durango market:
What has sold?
17Homes have sold in Durango in the past week.  Homes were priced from $94k-$400k.
-Average list price was $279k     [...]

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 [...]

AUCTION!
Can’t sell your property? How about trying an auction? We’ve had great success with online autions, where the seller can both have the house listed with a Realtor on the MLS and market an auction date to generate traffice and get the property sold (with a minimum reserve price). The hype of auctions offers a [...]

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 [...]

Real estate foreclosures are on the rise in Durango, just like the rest of the country. See Saturday’s Durango Herald Article, click here. There were 297 foreclosure actions in La Plata Country for 2009 and 45 through February. However, most foreclosed homes do not end up selling at auction. This can be a frustrating fact [...]

Call us or sign up for the free Market Snapshot Report to see all listings and recent sales – www.DurangoHouseValues.com.
Here’s a link to our article explaining the tax credits for home buyers. First time home buyer can get up to $8000, and for the repeat home buyer up to $6500. These tax credits are due to [...]