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...

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With the uncertainty surrounding the COVID crisis, economic downturn, and the upcoming election, you would think that potential homebuyers that did not have to buy this year would stay on the “sidelines” until things became more certain. In some sections of the country, including the Durango and surrounding area, there has been a sharp increase in demand. This has resulted in multiple offers, … Continue reading...

The La Plata County statistics comparing the first nine months of 2019 to the same period over the past three years was recently released. In general, median prices in the county were flat, Bayfield in-town values were up significantly, while median prices and sales volume for free-standing homes in the Durango Mountain area decreased. Real estate median sales prices for the entire county in … Continue reading...