- Durango Listings
La Plata County home sales have continued to improve for the third straight year, with a 16% increase in the number of homes sold compared to 2011. The median price shows a .8% decline for the year, but this is mis-leading. For homes less than $500,000, which is 84.9% of the market, the median price is up 2.2%. Also, the declines in median price were in the first half of the year.
For the second half of the year, La Plata County homes sales are up 19.8%, and the median price is up 3.4% to $304,950. It appears the bottom of the market for the value of homes is now behind us. Looking forward to 2013, it is expected that the market will be more balanced, and less of a buyers market as compared to the last 5-6 years.
Buyers who wish to participate in the lower values of the market and to take advantage of the incredible interest rates should probably get prepared to purchase and get in while the opportunities still exist.
Additionally, the 4th quarter for Durango In Town (Single Family Homes) showed a huge increase of 23 additional homes sold, which was a 92% in- crease over the 4th quarter of 2011, and the median price was up 9.8% to $348,642.
In 2012, we saw the inventory of homes available for sale drop significantly, bringing supply and demand into a closer relationship. There were approximately 200 fewer homes on the market in 2012 during the key summer months. The relationship between supply and demand dictates the type of market (buyer, seller & balanced), and stronger demand coupled with lower supply produces a positive increase in the value of homes.
La Plata County land sales were also up 36.6% for the year
|On the Pond Dalton Ranch Single Family Home
111 W. Collage Dr. Durango CO
Full Time Realtor Since 2004
Certified Residential Specialist / CRS
Graduate, Realtor Institute / GRI
Accredited Buyers Representative / ABR
Short Sale & Foreclosure Resource / SFR
2012 100% Platinum Club ~ 2011 100% Club RE/MAX
2010 President's Circle Award / Top 5% Prudential Agents Nationwide
2006 Top Producer / Bobbie Carll Realty
2012 -2013 President Elect, Durango Association of Realtors
2011 - 2012 Vice President, Durango Association of Realtors
2010 - 2011 Board Director, Durango Association of Realtors