As 2025 unfolds, the La Plata County residential real estate market is showing an interesting blend of familiar statistics and unexpected shifts. From increased sales to changing inventory trends, this month provides a snapshot of how external factors - like unseasonably warm weather - are shaping the market. Below are some highlights and our synopsis of the local market.
January Sales:
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January total: 47 (Up 11.9% year-over-year)
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This strong start can be attributed, in part, to the unusually warm and dry winter.
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Year to date: 47
January 2025 outpaced 2023 and 2024; however, it was 61.7% less than in 2021 during the pandemic boom.
Inventory:
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Active listings: 235 (3% lower than December 2024 but 12.44% higher year-over-year)
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Pending (under contract) listings: 81 (Up from 58 in December 2024 and 60 in January 2024)
We are pleasantly surprised to see growth in both active and pending listings. The increased activity - despite typical winter slowdowns - reflects how this year’s dry conditions have supported buyer and seller momentum.
Trending Price Ranges:
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$1,000,000 - $1,500,000
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31 active listings (13% of total)
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8 sales (17% of total)
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This segment remains a top performer in both active and sold listings.
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$500,001 - $600,000
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15 pending sales (most popular pending range)
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$300,001 - $400,000 | $700,001 - $800,000
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Tied for the second most common price range for active and sold listings.
With 35% of active listings and 28% of sales surpassing the $1 million mark, the luxury market continues to hold strong in La Plata County.
Price Trends:
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Average Sales Price: $815,634 (Up 1.5% from December 2024 and an 8.5% year-over-year)
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Median Sales Price: $635,000 (Down 3.9% month-over-month but up 6.5% year-over-year)
Although the median sales price dipped slightly from December, the year-over-year growth of 6.5% signals a robust market start. We anticipate continued upward movement as the year progresses.
Time on the Market:
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Average Days on Market: 115 days (Up 21% month-over-month)
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Median Days on Market: 100 days (55% increase month-over-month, but 5% increase year-over-year.
These figures are more in line with pre-pandemic trends. However, given the already heightened pending sales activity, we expect time-on-market to decline as we move into spring.
From shifting price points to encouraging sales trends, January 2025 is setting the stage for an active year in real estate. External factors like weather, interest rates, and broader economic conditions will continue to play a role. We would love to help you navigate our market and achieve your real estate goals in 2025. Please don’t hesitate to contact The Durango Team at The Wells Group.
