We wanted to take this opportunity to share with you an article that appeared in Sunday’s Durango Herald. We have reprinted it in it’s entirety below. Younger buyers today are often looking for homes close to downtown By Vanessa Guthrie Herald staff writer STEVE LEWIS/Durango Herald Many historic East Third Avenue homes were built in…
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The outlook is positive for those looking at current mortgage interest rates. In the past few weeks, the interest rates have dropped back down into the high 3’s. As of October 22, a buyer could obtain an interest rate of 3.875%. As we mentioned in the past, these interest rates are nearly at lifetime lows,…
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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 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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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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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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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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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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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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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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- for Deven Meininger 
