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Durango Blog

  • 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 ...
  • Mahogany Grille—A Special Meal -   Are you looking for a nice evening out? Maybe a Valentine’s date this week or weekend? Durango’s Mahogany Grille is one of our unique restaurants. Located in the Strater Hotel, its Victorian Old West ambiance is a special feel, and the food tastes great too! They serve breakfast, weekend brunch, and dinner. The dinner menu features specialty fish, chicken, pasta, steak, and even unique items such as Pan Fried Colorado Trout or House Smoked Colorado Elk Sausage. Of course they offer a fantastic dessert selection, as well as wine and spirits! They also support local food. Local vendors include Windsong Farm, LB Meat Coop, James Ranch Cheese, and more. There’s a special this week: Classic Chateaubriand for two or Maine Lobster Pappardelle Pasta for Valentine's week served in addition to the Winter menu Wednesday Feb.14th through Saturday Feb. 17th. The Mahogany Grille is the perfect location downtown, and a great place to enjoy a local, unique meal. Step in for a taste of Colorado with the quaint feel of ...
  • La Plata County January Residential Real Estate Sales - It’s hard to believe we’ve just completed the first month of the year! This week we have the La Plata County Residential real estate numbers for the month of January. With 68 total sales, it’s an interesting start to the year. This is the highest number of sales in any January since prior to 2010. Historically, the winter months tend to be the slowest in our area, so it’s a positive sign that January started off slightly higher than several past years. The median sales price for the month ended at $384,686. This is lower than the end of 2017, so we will watch it as the year progresses to see if it inches up towards last year’s numbers. We are excited for the strong start to the year, and hope the momentum continues. Now is a great time to start thinking about buying or selling in preparation for the spring selling market. Visiting open houses is a great way to gain an understanding of the market and what is ...
  • Maria’s Bookshop: A Local Favorite - Durango offers a lifestyle unlike anywhere else. Once a week, we focus on events, restaurants, businesses, and hobbies in and around Durango. There’s no shortage of amazing locally-owned businesses! One local favorite is Maria’s Bookshop, located on Main Avenue (across the street from The Wells Group). It’s been in business for more than 30 years, and is a strong supporter of local authors and community involvement. Their shelves stock more than 40,000 books! Many of the books are from local authors or have a focus on Southwest Colorado. In addition to running their business with Durango in mind, they try to operate as a green business. They promote alternative transportation and sponsor a bike rack in front of the store, as well as purchase green energy. They also purchase from other locally-owned and independent businesses! Kids and dogs are welcome! They have a Children’s Corner, and often offer a story time on Tuesdays. It’s usually at 10:00, and kids can enjoy a story in the bookshop. It’s the perfect outing, ...
  • So You Want to List Your House? Part Three: An Offer is Received - If you’re considering listing your home, we’ve been writing a series on steps that occur for the home listing: initial steps prior to listing and what happens once a home is on the market. This week we’ll cover the next phase: once a property receives an offer. Below is a general overview of our process; of course, the steps may vary based on each individual situation. Once an offer has been made, the broker reviews the offer, then we call our client to highlight some of the key elements. After an initial overview, we will often meet in person to review the offer or send it for review, followed by a thorough discussion. Response Time: Typically, the response time from the seller is determined by the offer. Oftentimes the real estate broker on the other side (the buyer’s side) will give a limited time period for response. In some cases, it can even be an unfair or too short of time period. There’s no concrete time standard, but most agents ...
  • Snowdown 2018—A Black Tie Affair - It’s the time of year for Durango’s favorite winter celebration: Snowdown starts this week! This year is the 40th celebration of Durango’s iconic winter festival. January 31-February 4, it’s sure to be a fantastic week. Starting Wednesday, you’ll want to maximize the events in town. There are adult-only events, kid events, and events for the whole family. This year’s theme, It’s a Black Tie Affair, is a special way to ring in this year’s anniversary. Wednesday’s events include the Snowdown Fashion Dos & Don’ts, Popsicle Snowflakes (project for kids), the 40th Annual Snowdown Bartender’s Contest, the 13th Annual Snowdown Kids Follies, and a Salsa Making Contest. Thursday includes Family Feud Snowdown Style, A Most Elegant Hot Wing Eating Contest, Name That Tune, the Snowdown Jr. King and Queen Contest, Beer Bingo, Salsa Dancing, and more. Friday includes Snowdown Champagne Pong, Pantyhose Bowling, the Snowdown Follies, the Snowdown Ski Softball, and local favorite: The Snowdown Light Parade at dusk. The parade is Durango’s only nighttime parade, and it’s a special evening ...
  • So You Want to List Your House? Part 2 of 3 - Last week we wrote about the process of listing a home, and what steps are involved. This week, we will address the next phase of the home sales process: the time on the market. Next week we’ll address what happens once an offer is placed on a home. One of the most important questions to answer is this: what draws a buyer to a home? What are the unique features and showing qualities of your home? The demand in the market is a large factor. Understanding what type of buyer may be interested in your home will aid in how to stage it, what features to emphasize, and what may be important to various demographics of these buyers. This takes the experience and knowledge of your real estate broker, and The Durango Team aims to answer these questions to set you up for a successful sale. Everyone hopes for a quick sale. The first aspect to understand is time on the market will be impacted by the number of buyers ...
  • Local History Found at The Animas Museum - Are you curious about La Plata County history? We have the perfect place in town to get a glimpse of our past: The Animas Museum. Built in 1904, the museum formerly operated as the Animas City School. Built in 1876, Animas City predates Durango, and is located just north of present day Durango. When Durango was built, most businesses moved there (two miles south). In 1948, Animas City annexed with Durango. The three-story museum building was at one time Animas City’s educational, social, and community center. After many years, the roof was restored to its original condition and now operates as our local museum. There are fascinating museum exhibits, offering information on various aspects of local history. Exhibits include: a restored 1905 classroom, stories of how people came to La Plata County, Law and Disorder (Wild West at its best!), a section on the impact of fires in the county, a Native American Gallery, and a recently-opened exhibit on WW1 in La Plata County. Currently, there’s even a Snowdown Exhibit ...
  • So You Want To List Your House? - As we are well underway with January, this is the time of year many of our clients start anticipating the spring selling market, and plan to get their house on the market for the spring. Are you wondering what’s involved with listing your house? How does the process work? Why use The Durango Team? This blog will give an overview for you. First of all, if you’re considering listing your home, now is a great time to clean and de-clutter (perfect time for a New Year’s Resolution!). Maybe you’ll decide you want to refresh the paint or clear out some knick-knacks. This basic step makes a drastic difference when a home is listed. When you’re ready, here are the next steps: 1). Give us a call! We will pull public records, come view your property, and meet you! This step is crucial for us—it lets us look at the nuances and benefits of each property so we can accurately guide you throughout the process. 2). Meet with us. We will ...
  • Tequila’s Mexican Restaurant - Durango is known for our restaurant variety. At one time, Durango even had more restaurants per capita than San Francisco—that’s a pretty amazing statistic, and one locals love to claim (read this article, it’s a fun one: https://durangoherald.com/articles/33974 ). While we have restaurants of all caliber—causal to fine dining, we have a fantastic selection of family-friendly eateries. If you’re looking for an affordable meal out, try Tequila’s Mexican restaurant. This is a local favorite, with both unique menu options and traditional Mexican entrees. Enchiladas, tacos, fajitas, and more fill the menu, as well as meat and seafood options. Specialty items include: Chorizo Con Huevos, Prawn Fajitas, Camarones A La Crema, and a personal favorite: the carne asada. They also offer all types of drinks: margaritas, wine, cocktails, and non-alcoholic drinks. Located on Main Avenue, it’s the perfect stop when shopping or walking downtown, or after a day on the slopes. There’s even a Bayfield location if you happen to find yourself close to that area. We love Durango’s restaurant variety, ...
  • December, Year-End Colorado Association of Realtors Reports - 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 ...
  • The Fort Lewis College Community Concert Hall - Are you familiar with the Fort Lewis College Community Concert Hall? With 600 seats, it’s the largest performing arts facility in the nine-county region, located at Fort Lewis College. Since 1997, this facility has housed community performances as well as college performances. It has hosted the following local groups: Durango Poetry Gathering, Durango Arts Center, Dance in the Rockies, Bella Dance Company and KSUT public radio, and more. Touring groups use the facility, as does the Wells Group for our annual forecast meeting. The mission statement supports the community involvement: “The mission of the Community Concert Hall (CCH) at Fort Lewis College (FLC) is to provide Durango, Colorado and the Four Corners with an eclectic presenting program and a low-cost, high-quality production venue for college and community performances. The mission of the Concert Hall’s Presenting Program is to support artists who reflect the tastes of the region while educating college and regional audiences about cultures and performance traditions from throughout the U.S. and the world.” The FLC Concert Hall has ...
  • December La Plata County Real Estate Numbers - This week we have our official December numbers for total residential real estate sales in La Plata County, which give us an overall picture of the year, as well. Interestingly, December was a stand-out month in terms of total transactions. La Plata County had 106 total sales for the month of December. This is the highest December we’ve seen since prior to 2009. Year to date, La Plata County real estate had a fantastic year. There were a total of 1,187 transactions. This is higher than last year’s total transactions (1,129), as well as higher than any year since prior to 2009! In terms of median sales price, 2017 ended at $365,000, which is the highest median sales price since prior to 2009. The average days on the market concluded at 132 days, which is the lowest number since prior to 2009. The median days on the market, 92, is also on the lower end for the last several years. Overall, this is one of the best years in La ...
  • The Palace Restaurant: A Durango Favorite - If you’re tired of the holiday cooking and hosting, it may be time for a meal out! Durango has a plethora of fantastic restaurants to experience. One of our local favorites is The Palace, located at the end of Main: 505 Main Avenue. It’s right next to the train station, and the perfect stop when you’re out exploring Durango. It’s been a restaurant for at least forty years, and Chef Paul Gelose re-opened the restaurant in 1997, and has been serving tasty entrees since then. The restaurant makes all of their own soups, sauces, house breads, and salad dressings. The menu is full of variety: lunch, dinner, a kids’ menu, and even a Tavern menu. They offer everything from salads and sandwiches to steaks and specialties such as Elk Colorado or Trout Amandine. Locals love Monday Night Burger Night, the place to get a tasty burger and fries at an affordable price! We know some families who make this a family tradition to get everyone together. This beautiful location once ...
  • Real Estate In The News - Are you thinking about buying or selling in the new year? In the next few months we’ll have helpful tips on the real estate market, how to understand contingencies and contract dates, why we hold open houses, and many more tips to successfully navigate the real estate process. If you’re contemplating a move, here’s some recent real estate news to catch you on happenings and expected trends in the new year. The national housing market should end the year on a high note. According to Lawrence Yun, the NAR chief economist, “The housing market is closing the year on a stronger note than earlier this summer, backed by solid job creation and an economy that has kicked into a higher gear” (https://www.housingwire.com/articles/42153-existing-home-sales-set-to-end-the-year-at-highest-point-since-2006). The NAR does predict that home price growth and existing home sales will slow in 2018. Home builder confidence is the highest level in 18 years. “Confidence among the nation's homebuilders jumped unexpectedly in December on expectations for a stronger economy. A monthly reading of homebuilder sentiment rose ...

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