Bring on the rain!  Yay for monsoon season!  It has been hot but at least now it rains just about every day for a hour or so…it cools off the town. 
As for real estate…we are busy here, not as many offers but buyers are still out there hunting for deals!  If you haven’t looked lately [...]

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 [...]

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 [...]

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 [...]

Here’s a quick overview:
$8,000 First-time Home Buyer Tax Credit at a Glance
The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
The tax credit does not have [...]

How do you know a really good real estate deal when you see one? That’s easy, check comps and see what other things are selling for. That’s what I do, sell real estate in Durango. I know when it’s a good deal. Two weeks ago I blogged about three deals up at Durango Mountain resort, today, [...]

Ever wondered how trade and exchanging really works? Here’s an inspiring example about how one young man traded his way up. Starting with one red paperclip he eventually got a house. Here’s to show you, anything is possible with the right attitude. 
Watch the videoclip here
Or go to this website to read about it. www.oneredpaperclip.com.
Call me [...]

“What’s going on the real estate world?”  I am commonly asked this question daily by clients, friends and family.  Is ANYthing selling?
A great question and the answer can change on a weekly basis.
In the past 2 weeks here are some of the things I have seen in “the real estate world” of Durango.
I have seen a lot offers [...]

A step by step guide on selling or swapping real estate in a slow market
 
I found this helpful bit of advice on www.goswap.org, one of the internets most popular trade and exchange websites. We couldn’t agree more.
 
“Unofficial guide and practical advice with dirty tricks on selling or swapping a house when nothing is [...]