CAR Reports for January 2018
This week, we have the latest real estate numbers for La Plata County for the month of January. The attached charts show a detailed breakdown of several market segments in La Plata County, showing La Plata County as a whole, Durango In-Town, Durango Rural, Bayfield In-Town, Bayfield Rural, Ignacio In-Town, Ignacio Rural, and Durango Mountain Area.
These charts indicate the statistics and key metrics for single family homes and townhouses/condos, including new listings, sold listings, median sales price, and more. They compare January 2017 to January 2018, and year to date information for both years (which at this point is the same information as the January to January comparisons). We also see the rolling 12 month median sales price for single family homes and townhouses/condos in these segments. We always appreciate these charts to be able to spot trends within our local market, and compare results to previous years.
La Plata County single family homes had more listings January 2018 compared to January 2017, which is a great start for activity. There was a 31.1% change compared to last year! The sold listings were slightly lower this January 2018 compared to last January (only by 2 sales). At $394,200 the median sales price starts the year above January 2017’s median sales price.
The La Plata County townhouse/condo market had fewer new listings in January 2018 compared to January 2017, but slightly more sold listings this January than last. However, the median sales price is lower this January 2018 compared to last January.
Durango In Town single family homes are off to a solid start, as well. While there was a slight increase in new listings this year compared to last, and a slight decrease in sold listings this year compared to last, the median sales price has increased this January 2018 compared to January 2017, with a 10.7% change compared to last year. The Durango In town townhouse/condo market had an increase in new listings, minor decrease in sold listings, and a decrease in the median sales price this January 2018 compared to last January 2018.
Durango rural single family homes had a standout month in terms of activity. There were a total of 43 new listings, which is a 53.6% change from the previous year, up from 28 new listings in January 2017. This January had one sale more than last, and the median sales price is increased compared to last, with a 12.1% change.
Overall, we are seeing activity in the market and look forward to another year of La Plata County real estate. As always, we would love to discuss any particular questions and market information further.