Did you know there is a new RE/MAX in Durango. RE.MAX Pinnacle just opend on 111 West College Drive. This great new office in a great location in Durango, Colorado. I have rencenlty moved to RE/MAX Pinnacle and just wanted to share with you all the great opportunities I can share with you when Buying or Selling property in Durango.

www.remax.com is the only real estate website that allows you to serach properties anywhere in the country. Also vist Durango’s local MLS on www.selldurango.com

Great rates and great deals make this a good time to buy.

This is the link the Prudential Triple S Reality real estate review. Here you will see all the new Durango residenial listing’s and learn helpful tips on how to buy and sell in our local market.

http://prudentialtriples.com/0829review.pdf

Here it is.

Click on the link then click on the virtual tour. http://www.selldurango.com/properties.php

Here are the new numbers. Durango is doing pretty well for 2009. If you have any specific questions please contact me www.selldurango.com. I am currently looking to take on a few new listing’s. I appreciate your referrals.

Link to what the trens are in Durango Real Estate.

http://durangorealtor.com/images/Statistics/3rdQtr2009PCKG.pdf

Here are the latest links to the Real Estate Guide and Commerical Guide. Look at the new listing’s and price reductions. Please visit my website to search the Durango MLS. Please feel free to contact me to learn whats’s going on in your neighborhood.

http://www.ptsr.com/0726%20review.pdf

http://commercialswcolorado.com/pdf/vol2no2.pdf

www.selldurango.com

2009 2nd Quarter Statistical Release

So here is a quick summary. Please visit :http://www.durangorealtor.com/images/Statistics/2ndQtrStat2009.pdf for a full look.

Durango In-Town

Average price   -40%

Median Price     -12%                                         View www.selldurango.com for all your MLS listings.

Total Volume    -58%                                    

Number Sold     -50%

Avg. days on market   -10%

High price       -10%

Low Price         -24%

Always appreciate your referrals,

Andy

More than 75% of residential properties sold this year are under $400,000. Please let me know if you have questions on what’s going on in your neighborhood. If you want more information please just contact me with you questions.

www.selldurango.com

www.ptsr.com

http://www.durangorealtor.com/images/Newsletter/June09Newslettersmall.pdf - This is the newletter from DARR talking about short sales and the need to easy money for jumbo loans.

Your Home Is Worth More Than You Think!
When it comes to real estate, things actually aren’t so bad here in Durango. I will guide you through the myths and realities of the Durango market and show you why. I will have several post that talk about what is going on in our market.

Myth Now’s the time to score a good deal on local foreclosed properties.

Reality While there may be opportunities; many bank-owned homes have serious drawbacks and can be difficult to land anyway and take much more time and frustration. The wave of bank-owned homes coming to market, which is now ebbing, gave prospective buyers the impression that they could buy a home in Durango cheap. There may be scattered examples of this, but it’s not often the case. There are a low rate of short sales and foreclosures in La Plata County From what I have seen in our local market and talked to friends around the country trying to buy foreclosures, they are often not priced all that much better than other listings, are often in extremely poor condition, and may require you to wait months for the bank to approve or respond to an offer. People do not have money for the payment let alone the money to maintain the home. Often when the original owner leaves their anger is taken out on the home… Foreclosed homes, too, frequently are not in the areas you want to buy in and need just as much work. Making the average listed home just as good as a deal. I have seen a few foreclosures go under contract in the last three weeks. Like I said it is a small percentage in La Plata County making up for less than 1% of sales, but buyers must be prepared and act fast to land them. The competition is strong as the media and perception is that a short sale or foreclosure is the best deal. Having an agent that knows the market well many times can find someone who is ready to get out of there property a good price to the buyer. Please contact me if you want to find out about our local opportunities.

www.selldurango.com

www.ptsr.com

Link below to informative Realty Times articles published this week:

- Indicators of Recovery

 http://realtytimes.com/rtpages/20090428_realestateoutlook.htm

- Bank Of America relaxing some short sale requirements for 2^nd liens

 http://realtytimes.com/rtpages/20090424_investorreport.htm

- Who owns my loan?

 http://realtytimes.com/rtpages/20090427_ownmortgage.htm

Please Visit www.selldurango.com

www.ptsr.com