This week, we have the latest real estate numbers for La Plata County for the month of March. The below 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, Vallecito, 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 March 2020 to March 2021. 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.
The average sales price for single family homes in town Durango was sitting at $598,440 in February and jumped up to $705,081 in March 2021. This is a 25.5% increase from March of 2020. Durango rural holds the majority of the listings right now with 36 new listings, a slight decrease from 2020. Bayfield rural is seeing a 14.9% increase for the median sales price, however inventory is down 76%.
Overall the inventory is still limited in La Plata County, however with the weather warming so does the real estate market and we look forward to new listings coming online. As always we encourage you to take a look at the charts and let us know if you have any questions. We would love to discuss the current market with you!