Snowmobile fire in Durango Colorado
by Andrew ~ February 16th, 2010Here it is.
Click on the link then click on the virtual tour. http://www.selldurango.com/properties.php
2009 Third QTR. Durango Real Estate Stats
by Andrew ~ October 12th, 2009Here 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
Durango Real Estate- Durango Colorado
by Andrew ~ July 30th, 2009Here 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
2009 Durango 2nd Quarter Statistical Release
by Andrew ~ July 14th, 2009
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
Year To Year Real Estate Comparison- Durango Colorado
by Andrew ~ June 5th, 2009|
Qty Sold |
% Chg | Volume Sold | % Chg | Average Sale | % Chg | Median Sale | % Chg | Qty Active | % Chg |
| RESIDENTIAL |
| Durango |
| Bayfield In Town |
| Current Period | 12 | 3,126,000 | 260,500 | 265,000 | 89 |
| One Year Ago | 18 | 5,144,530 | 285,807 | 294,000 | 84 |
| Increase/(Decrease) | (6) | -33% | (2,018,530) | -39% | (25,307) | -9% | (29,000) | -10% | 5 | 6% |
| Durango In Town |
| Current Period | 50 | 16,536,882 | 330,737 | 333,500 | 580 |
| One Year Ago | 157 | 54,363,985 | 346,267 | 325,000 | 685 |
| Increase/(Decrease) | (107) | -68% | (37,827,103) | -70% | (15,530) | -4% | 8,500 | 3% | (105) | -15% |
| Bayfield Rural |
| Current Period | 25 | 7,210,405 | 288,416 | 257,000 | 195 |
| One Year Ago | 29 | 9,605,850 | 331,236 | 284,000 | 224 |
| Increase/(Decrease) | (4) | -14% | (2,395,445) | -25% | (42,820) | -13% | (27,000) | -10% | (29) | -13% |
| Durango Rural |
| Current Period | 56 | 22,092,064 | 394,501 | 322,500 | 806 |
| One Year Ago | 101 | 55,943,468 | 553,895 | 440,000 | 846 |
| Increase/(Decrease) | (45) | -45% | (33,851,404) | -61% | (159,394) | -29% | (117,500) | -27% | (40) | -5% |
| Sub Total – RESIDENTIAL (Durango) |
| Current Period | 143 | 48,965,351 | 342,415 | 1,670 |
| One Year Ago | 305 | 125,057,833 | 410,026 | 1,839 |
| Increase/(Decrease) | (162) | -53% | (76,092,482) | -61% | (67,611) | -16% | (169) | -9% |
| Statistics for: Class=RE, LD, CI, MF, FR, LS, TF AND Status=INO AND Date Range=01/01/2009-06/30/2009 AND Area=BAYT, DURT, BAYR, DURR AND Grouping Selector=3; As Of: 6/5/2009 |
| TOTAL – RESIDENTIAL (Durango) |
| Current Period | 143 | 48,965,351 | 342,415 | 1,670 |
| One Year Ago | 305 | 125,057,833 | 410,026 | 1,839 |
| Increase/(Decrease) | (162) | -53% | (76,092,482) | -61% | (67,611) | -16% | (169) | -9% |
| LAND |
| Durango |
| Bayfield In Town |
| Current Period | 2 | 369,900 | 184,950 | 184,950 | 168 |
| One Year Ago | 9 | 801,100 | 89,011 | 64,900 | 252 |
| Increase/(Decrease) | (7) | -78% | (431,200) | -54% | 95,939 | 108% | 120,050 | 185% | (84) | -33% |
| Durango In Town |
| Current Period | 2 | 750,000 | 375,000 | 375,000 | 158 |
| One Year Ago | 8 | 4,542,500 | 567,812 | 370,000 | 149 |
| Increase/(Decrease) | (6) | -75% | (3,792,500) | -83% | (192,812) | -34% | 5,000 | 1% | 9 | 6% |
| Bayfield Rural |
| Current Period | 9 | 1,303,450 | 144,827 | 110,000 | 163 |
| One Year Ago | 9 | 3,525,500 | 391,722 | 62,500 | 168 |
| Increase/(Decrease) | 0 | 0% | (2,222,050) | -63% | (246,895) | -63% | 47,500 | 76% | (5) | -3% |
| Durango Rural |
| Current Period | 18 | 3,488,500 | 193,805 | 160,000 | 563 |
| One Year Ago | 31 | 9,249,109 | 298,358 | 239,000 | 612 |
| Increase/(Decrease) | (13) | -42% | (5,760,609) | -62% | (104,553) | -35% | (79,000) | -33% | (49) | -8% |
| Sub Total – LAND (Durango) |
| Current Period | 31 | 5,911,850 | 190,705 | 1,052 |
| One Year Ago | 57 | 18,118,209 | 317,863 | 1,181 |
| Increase/(Decrease) | (26) | -46% | (12,206,359) | -67% | (127,158) | -40% | (129) | -11% |
| Statistics for: Class=RE, LD, CI, MF, FR, LS, TF AND Status=INO AND Date Range=01/01/2009-06/30/2009 AND Area=BAYT, DURT, BAYR, DURR AND Grouping Selector=3; As Of: 6/5/2009 |
| TOTAL – LAND (Durango) |
| Current Period | 31 | 5,911,850 | 190,705 | 1,052 |
| One Year Ago | 57 | 18,118,209 | 317,863 | 1,181 |
| Increase/(Decrease) | (26) | -46% | (12,206,359) | -67% | (127,158) | -40% | (129) | -11% |
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.
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!
by Andrew ~ May 19th, 2009Your 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.
This Week In Real Estate, Improvements?
by Andrew ~ April 28th, 2009Link 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 2nd liens
http://realtytimes.com/rtpages/20090424_investorreport.htm
- Who owns my loan?
http://realtytimes.com/rtpages/20090427_ownmortgage.htm
Please Visit www.selldurango.com
Durango Real Estate Open Houses
by Andrew ~ April 23rd, 2009
Prudential Triple S Realty
Will host 36 Open Houses
1-4 p.m. this Sunday, April 26, 2009
This is a wonderful opportunity to see a wide range of
great homes available throughout La Plata County.
For a directory of homes and maps,
visit our company website at:
http://www.prudentialtriples.com/
Assesing Our Durango Real Estate Market
by Andrew ~ March 31st, 2009What is going on in Durango’s Real Estate Market? Read the latest Prudential Real Esate Review March 29th 2009. http://www.ptsr.com/0329review.pdf
In a small market like LaPlata County, statistics can be skewed by several small sales, or one very large sale. Also read about the commerical activity. Look at a snap shot of some of our listing’s.
Read past reviews at http://www.ptsr.com/my-prudential/news_letter.php
Search all your property needs and resouces on Durango’s market www.selldurango.com
Please feel free to contact me for the latest statistics and trending to help you better understand the market.
Durango Real Estate Market Update For March
by Andrew ~ March 18th, 2009
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The March 18th 2009 numbers are in for the Durango Real Estate Market. These numbers are DARR stats looking at Durango in town and Rural. The stats do not included Hermosa and the Resort area of DMR. Please contact me for specific information. These numbers are not great news but they are good news! We are seeing activity in the market place but its very cautious activity. Listings are up in the Prudential office www.ptsr.com office over 2008 and our sold listings in our office are up from 2008. They price range getting the majority of showings and sales are $300,000-$475,000. Contact me anytime www.selldurango.com. Active |
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