Durango Blog

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The Wells Group July 2022 Numbers

Every month, The Wells Group puts together newsletters reviewing the past month’s and year-to-date La Plata County real estate statistics. With these, we can see current trends and statistics to help us reflect on our market as a whole. In July 2022, there were 116 sales in La Plata County which brought total sales this…
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Grassburger South!

Grassburger opened their first Durango restaurant on the 700th block on Main Street and recently just opened their second location at 360 S Camino Del Rio this summer. They also have two locations in Albuquerque, NM and started the chain with food allergens and intolerances in mind. Their menu offers 100% USA grass-fed beef, vegan…
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Closing Costs

Buying and selling real estate come with costs beyond the home’s price tag. Closing costs are one piece of the process that you’ll want to keep in mind during you budget process. In 2021, according to real estate research firm CoreLogic, the average single-family home closing costs rose 13.4%. Generally, closing costs are about 3-6%…
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CAR Statewide June 2022 Numbers

Each month the Colorado Association of REALTORS® (CAR) and Durango Area Association of REALTORS® (DAAR) provide statistics showing the past month’s real estate activity and year to date numbers. With these, we can review on the market, key metrics, and potentially see where our market may be headed. In June 2022, there were 12,504 new…
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August 2022 Events

While the end of summer is closing in, that doesn’t stop the community events from happening! August is still full of music, shows, art festivals, and more. Here are some top “can’t miss” activities for next month. The Annual La Plata County Fair starts on August 10th at the La Plata County Fairgrounds. This 5…
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DAAR June 2022 Numbers

Every month, the Durango Area Association of REALTORS® (DAAR) compiles the previous month’s real estate statistics in order for us to reflect on the market activity and find trends that may help us understand the market’s trajectory. June 2022 saw 129 new single family home listings in La Plata County and 60 sales. Both of…
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Commuter’s Public Transportation

There are many ways to get around Durango and as a small town, commute times and traffic tend to be much shorter than larger cities. From north to south, Durango city limits stretch about 10 miles. On US Highway 550, in town known as North Main Avenue and Camino Del Rio, this trip takes just…
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Rising Mortgage Rates

Freddie Mac has released another week ending’s mortgage rates Thursday, July 14, 2022 with the 30-year fixed-rate mortgage at 5.51%. Up .21% from last week and 2.63% from one year ago, these rates are the highest they’ve been in over a decade. The 15-year fixed-rate mortgage is now at 4.67% and 5/1-year adjustable-rate mortgage is…
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June 2022 Marketplace Numbers

  Every month, The Wells Group compiles La Plata County real estate statistics so we can reflect on trends and key metrics. Comparing the current year to years past helps us see movement in the market and provides us insight as to where it might be headed. In June 2022, there were 97 sales, closing…
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Durango’s Bed & Breakfast

Bed and Breakfasts offer a unique experience to enjoy Durango’s hospitality and history. Located in the heart of the city, Bed and Breakfasts provide a special setting to call home while visiting our mountain town. The Gable House is a historic piece of Durango and has been renovated into one of these B&Bs. The Gable…
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