December, Year-End Colorado Association of Realtors Reports

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This week, we have the latest real estate numbers for La Plata County for the month of December. 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 December 2016 to December 2017, 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. This month these numbers are especially interesting, as the year to date information allows us to compare year over year data.

For La Plata County residential real estate, you may recall us noting that this November was a bit slower than last year. However, the reports for this December indicate great news across the board, for both single family homes and the townhouse/condo market. For December alone in the single family home market, there were more new listings, sold listings, and the median sales price increased from December of 2016. It was a solid month! Year to date for single family homes, our totals saw an increase in the same categories: more new listings, more sold listings, and a higher median sales price compared to through December 2016.

In the townhouse/condo market, the same trend occurred this December: more new listings, more sold listings, and a higher median sales price. This gives us the same year to date results: more new listings, sold listings, and a higher median sales price through December 2017 compared to through December of 2016.

In several markets, the 2017 year to date townhouse/condo market exceeded the 2016 year to date numbers. Notably, Durango in-town and Durango Mountain Area had an increase in new listings and sold listings, and a higher median sales price. The Durango rural townhouse/condo market had an increase in new and sold listings, but a lower median sales price.

These charts give such an interesting breakdown of our local market segments. This month is an especially interesting time to look through them to understand the detailed statistics for our local real estate market this past year. We are thrilled at the solid year 2017 proved to be for La Plata County real estate, and would love to discuss any questions you may have.

We have three open houses this weekend. We’d love to see you swing by: 441 Confluence from 1-3, 256 Salt Brush from 1-3, and 2905A Richard Drive from 1-3.