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

Weekly Market Update from Blue Ribbon

Shaheen — Fri, 11 Jun 2010 23:31:58 +0000

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 from these homes: $194.00
-4 homes were in town, the other 3 in rural Durango locations

Click Here to View CMA Presentation
How many homes are under contract?

There are currently 62 homes in Durango with pending sales. Listed prices range from $79k to $895k.

35 of these homes are in town.
27 are in rural areas of Durango.

Any New listings?

There are 43 new listings that have posted in the last week. Prices are between $79k-$3.2 Mil.

18 are in town and 25 are in rural areas of Durango.

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

May 27th Durango Real Estate Market Update!

Claudia — Fri, 28 May 2010 13:30:29 +0000

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 to see

New Listings in the Durango and Bayfield Area:

96 homes have been newly listed in the last 8 days! Their prices range from $65,00 to $1,195,000. The average list price is $383,555.

Click Here

If you would like to see other listings or statistics, do not hesitate to call or email, and we will send those your way!

Have a wonderful Memorial Day Weekend.

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

5/21/10 Durango Real Estate Market Update

Claudia — Fri, 21 May 2010 00:29:38 +0000

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 of them substantial, like my listing at Dalton Ranch, on Horsethief Lane. It was reduce by almost $50,000 to $475,000 for a quick sale. This is over $100,000 below what these owner paid for the house less than 2 years ago.

New Listings In Durango and area, including Bayfield:

You can tell spring is here by the fact that there are loads of new listings to choose from. In the past 10 days we had 135 new listings, including land, priced from $35,000 for a lot in Forest Lakes to a $3.2 Million custom home in Tamarron.

Here’s the link.
In Durango and area

If you would like to see other listings or 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!

–
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

Blue Ribbon Weekly Market Update!

Shaheen — Fri, 09 Apr 2010 19:09:11 +0000

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 -Average sold price: $259k
-Average Days on market: 215
-Average sold price per square foot from these homes: $216.00
-15 homes were in town, the other 2in rural Durango locations

Click Here to View CMA Presentation

How many homes are under contract?

There are currently 71homes in Durango with pending sales. Listed prices range from $154,000 to $5.7 mil.

25 of these homes are in town.
46 are in rural areas of Durango.

Any New listings?

There are 33 new listings that have posted in the last week. 9 are in town and 24 are in rural areas of Durango. Prices range from $135k-$1.5 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

3/29/10 Blue Ribbon Properties Market Update

Claudia — Mon, 29 Mar 2010 22:20:24 +0000

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 the past week. Homes were priced from $195,000-$750,000.

-Average list price was $365k -Average sold price: $350k
-Average Days on market: 218
-Average sold price per square foot from these homes: $228.00
-7 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 78 homes in Durango with pending sales. Listed prices range from $57,900 to $5.7 mil.
34 of these homes are in town.
44 are in rural areas of Durango.

Any New listings?

There are 20 new listings that have posted in the last week. 10 are in town and 10 are in rural areas of Durango. Prices range from $249,900-$1.4 mil.

Click here to see new listings

These statistics are only for Durango in town are 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

Home Auction Durango – great way to sell your property or find a deal as a buyer

Claudia — Sat, 20 Mar 2010 21:08:20 +0000

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 wonderful marketing hook to differentiate you listing. For buyers it’s an excellent way to get the best deals.
–
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.comfor Farmington and Aztec, NM

Check out my blog
The Scoop on Durango Real Estate
www.blueribbondurango.com/blog

3/19/10 Durango Market Update

Shaheen — Thu, 18 Mar 2010 23:34:52 +0000

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 square foot from these homes: $182.00
-3 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 75 homes in Durango with pending sales. Listed prices range from $78,000 to $1.9 mil. Median price is around $299K.

37 of these homes are in town.
38 are in rural areas of Durango.

Any New listings?

There are 23 new listings that have posted in the last week. 12 are in town and11 are in rural areas of Durango.

Click here to see new listings

–
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

Foreclosures double in Durango in 2009 – see below how to buy a foreclosure in Durango

Claudia — Tue, 16 Mar 2010 20:34:55 +0000

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 for buyers trying to buy a home a the courthouse steps.

To find out how to research and go about buying foreclosure properties read my two blog posts I wrote last fall, after buying a property for my own books. If you have questions don’t hesitate to call or email.

How to buy a foreclosure property at auction in Durango, Colorado and make sure to click on the second post for invaluable information and links to assessor’s database, GIS maps, title and tax info, and more.

Finally, if you know anyone who is not keeping up with their payments, please let them know that there is a free legal service that can help avoid foreclosures in Colorado. 4 our of 5 families who met with somebody form the foreclosure hotline was able to avoid foreclosure. http://www.coloradoforeclosurehotline.org/

Thanks for reading my blog on Durango real estate deals and more. If you know anyone looking to buy or sell send them our way. Or go to www.durangohousevalues.com to get a free market report, for buyers or sellers, with maps and great charts on the market.

Claudia Williams

970 749 3555

Home Buyer Tax Credits – first time or repeat buyers – just 2 more months – Buy now!

Claudia — Sat, 06 Mar 2010 18:27:54 +0000

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 run out on April 30th, so don’t wait, this is the time to start looking. There’s some great deals, just call or email and we’ll get you set up.

–
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