This week, we have the latest real estate numbers for La Plata County for the month of October. 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 October 2017 to October 2018, and year to date information for both years. 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.
It’s hard to believe we are approaching the final two months of the year. October was a strong month for La Plata County real estate. In the single family home market, October 2018 had a very slight drop in new listings compared to last year, but there were more sold listings and a higher median sales price this October compared to October 2017. Year to date, the number of new and sold listings are slightly lower than through this time last year; however, the median sales price is higher than through this time last year. In the La Plata County townhouse/condo market, there were more new listings and an even number of sold listings, but a lower median sales price this October compared to last October. Year to date, we see fewer new listings, fewer sold listings, and a lower median sales price this year compared to through last year at this time. So, the median sales price has increased this year for the single family home market, but decreased for the townhouse/condo market year to date.
Durango in town single family homes had a solid October this year. There were more new listings, more sold listings, and a higher median sales price. Year to date, there are more new listings and a higher median sales price, but a lower number of sold listings through October 2018 compared to through this time last year.
Another standout segment is Bayfield rural single family homes year to date. There is a slightly higher number of sold listings, and a higher median sales price compared to through this time last year.
As always, we encourage you to take a look at these charts, and let us know if you have any questions. As we mentioned last week, these final two months of the year tend to bring about serious real estate transactions, as many casual buyers and sellers become occupied in the holiday season. Our team will host a couple of open houses this weekend. Sherry Santmyer will be holding 184 Sierra Vista Street open Saturday from 10-12, and Deven will be hosting 436 Estancia Loop on Saturday from 11-1.