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 2019 to January 2018, (with the year to date information the same at this point in the year). 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 a significantly lower number of new listings this January compared to last January; however, the sold listings were completely even. The median sales price increased substantially this January. So, although the new listing activity was slower, it’s excellent to see the high median sales price and comparable sold listing number. The La Plata County townhouse/condo market had a few more new listings with a slightly lower number of sold listings and lower median sales price.
Durango In-Town single family home numbers reflect fewer new listings, a marginal increase in sold listings, and a solid increase in the median sales price. The Durango In-Town townhouse/condo market had fewer new listings, and even number of sold listings and a lower median sales price this January compared to last January.
The Durango Mountain Area townhouse/condo market had a standout month. There were several new listings, an even number of sold listings, and the median sales price is substantially higher this January compared to last January.
Overall, with only one month into the year, it’s too early to tell what trends we will see for 2019. As always, we encourage you to take a look at each of these segments in detail, and let us know if you have any questions. We will be holding an open house on Saturday at 184 Sierra Vista Street from 1-3. We’d love you to stop by!