Continuing from last week, the phones are still ringing and people are putting in offers.  It’s going to be a busy year.  Here in Durango it’s dumping snow outside with plans to keep snowing or the next 5 days! 
Here is your Blue Ribbon’s Weekly Market Update:
What has sold?
8 Homes have sold in Durango in the past [...]

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
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2009 All La Plata County Sold Statistics:
Jan. 1 st 2009 – December 31 st 2009
Category      _     Total Volume      Total units _  Avg. Price          Median Price        Avg DOM
Durango Res.-   $122,806,644…….268………$458,233…………$379,950…………….216
Dgo. Co/Tnhm-$28,315,277………..94………$301,226…………$266,000…………….238
All Bayfield Res.-$32,085,002……125………$256,680…………$245,000……………..175
All Ignacio Res.- $3,057,388………..13………$235,183…………$220,000……………..129
All Resort Res.-   $22,993,177………52………$442,176…………$302,500…………….278
Vacant Land-       $18,464,500………86……..$214,703………….$164,950………………379
Farm & Ranch-    $22,162,000………4……$5,540,500……….$5,667,000……………..175
Commercial-         $8,595,075……….11……..$781,370…………..$464,364……………..233
 
Notes: Durango, Bayfield and Ignacio include both in-town and rural residential properties.
DOM = Days on market
Source: Colorado [...]

We had a big storm pull through this week, adding few feet of fresh powder to our little mountain town!  Everything has been painted a beautiful shade of white.  Meanwhile we are still here working hard!
Here is your weekly market update:
What has sold?
11 Homes have sold in Durango in the past week.  Homes were priced [...]

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 [...]

Things are picking up some. Durango remains very popular. There were actually three closing over $1M last week! Here’s a link to all closed deals in the last 10 days.
You will notice is that none of them are very far off the asking price. If you are looking for the screaming deals, it’s not that [...]

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 [...]

Your uncle’s trying to encourage people to buy a home and if they’ll take his advice, he’ll give them $8,000 in the form of a tax credit on next year’s tax return.
You know about the tax credit but you may not understand just how big of a deal it really is. If you qualify (meaning [...]

Here is a quick weekly update on what has sold, what’s under contract with a sale pending and what’s newly listed in Durango.
*** SOLD: 3 homes closed in the last week.
Sold Price:  $348,000. $390,000. $394,000.  2 where in town condo/town homes and the other was a single family home outside the “city limits”.
Average days [...]