Durango Blog

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Free Pumpkins!

With Halloween around the corner and fall in full swing, the Wells Group would like to thank our friends and clients with a free pumpkin. Come to our downtown office or Bayfield office for a free pumpkin. See the flyer for the details. Starting tomorrow and while supplies last, we will be available weekdays from…
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The Look Of The Real Estate Market Through The 3rd Quarter

The big news in our real estate market is the return of appreciation in median price, which set a new historic high for the first nine months of a calendar year.  The previous high was in 2006, reaching $335,000 for all residential real estate in La Plata County, and the new high is $336,200.  The…
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3rd Quarter Real Estate Statistics

The La Plata County residential real estate market is active, but home sales are down 6% from last year through the first three quarters.  After years of double digit increases in number of homes sold, the market has reached a peak, and now shows a slight decline, while remaining one of the best years since…
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Continuing Education In The Midst Of Fall Splendor

This past weekend, Max, Don, and Janice all went to the annual Wells Group retreat in Telluride. It was a great weekend of learning and team building.  It was the perfect weekend to see the majestic Dolores River Valley colors, along with the new snow on the peaks. Speaking of peaks, we stayed at the…
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Tips To Winterize Your Home

As winter is on its way, now is the time to be sure your home is prepared for the drop in temperatures. While there are several areas to look into, some of the basics are a great way to keep temperatures moderate and cut back on winter utility bills. Most experts recommend utilizing a programmable…
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Fort Lewis College Homecoming

Next week, October 13-19 is Fort Lewis College homecoming! Considering Max, Don, and Jonathan are FLC alum, it’s a celebratory week in the office. The week is full of events. There will be a free movie, history of the Americas, mud football, Frisbee golf, cycling events, and more. Of course, the big event for us…
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2014 Real Estate Statistics Thru September

The September statistics for La Plata County real estate are finalized. As summer officially ended and we head into fall, the results are similar to the previous trends we have seen, and in line with expectations. With 85 total sales for the month, we are slightly below last year’s total for September (91). We have…
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Experience Fall with a Color Drive

Fall is here! As of September 22, we have officially been in the fall season, and if you haven’t already made a fall color drive, now is the time. With the recent storms, there’s some snow in the high country. Now is a great time to get in a drive to see the fall colors…
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Ever Need a Vacation After Your Vacation?

This week we want to take the opportunity to focus on some of the realizations that arise out of unique and unexpected circumstances. Max and Katie Hutcheson took their three kids, his parents, and father in law to Cabo last week for a relaxing getaway. His mom just wanted to sit by the pool and…
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The Benefits Of 1031 Exchanges

The  Internal Revenue Service provides a special provision for real estate investors called Internal Revenue Code 1031 exchanges (1031 Exchanges).  These exchanges allow the potential for an investor to sell one investment property and purchase another one, and to defer the taxes into the next property.  These 1031 exchanges are very popular when there is…
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