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 [...]

The gradual improvement continues.  I set up 6 showings this morning to show a clients some properties…while setting them up, 2 of the 6 had just gone undercontract  in the last 2 days.  This is a sure sign that properties are moving.  Telling my client that these 2 houses were already under contract definitely put [...]

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 [...]

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 [...]

Things are looking good, buyer are out shopping again. Seller’s not dropping too much on prices but there is light on the horizon.   Here is the activity for Durango from the last 7 days.
What has sold in the last week?
9 Homes have sold in Durango in the past week.  Homes were priced from $190k-$529k.
-Average list price [...]

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
Click Here [...]

The overall forecast for 2010 is looking good.  All signs are pointing to improvement!  The phones have been ringing off the hook, buyers are looking at it’s the middle of winter -which is normally the down season!
Typically the activity over the holidays is slower because people are traveling and spending time with family and friends. [...]

With the holidays here and full on winter just outside our front door, we don’t expect too much activity over the next couple of weeks but people are still looking and calling with questions.
After the new year we do expect much higher numbers in buyers and sales.  The crowd of ski vacationers and family visits [...]