The statistics comparing the prices from the first three quarters of 2020 to 2021 were released recently. Overall, median prices of homes in the entire county increased almost 25% from $422,500 to $527,100, with the number of sales increasing 25% from 465 to 643. If there were more homes available for sale this year, the number of sales would have been even higher with the price percentage … Continue reading...

Multiple offers are common in the current market. Making an offer substantially over the asking price and/or market value is an option; however, there are other factors in your offer that can you increase your chance of having your offer accepted. The two main considerations for a seller reviewing multiple offers are the net proceeds they will receive if the contract closes and the probability … Continue reading...

Over the past 10 months, the demand for homes has outstripped the supply in the Durango and surrounding areas. Initially, homes in the $1 million and less category were “flying off the shelf” and the volume of sales of homes priced over $1 million were stable. Over the past five months, the supply of homes over $1 million has diminished, as the demand and sales have increased, so it has turned … Continue reading...

The year-end statistics for La Plata County were released recently and indicates that the market has completely shifted to a strong seller’s market. A sharp increase in demand at all price levels coupled with shrinking inventories has driven up median property values well over double digits in almost every category. The overall median price for La Plata County increased by 15.8% from $387,750 to … Continue reading...