Do you have an extra room in your house? Or maybe you are looking at investing in a rental property? Here is some insight to Colorado and La Plata County’s short-term rental (STR) regulations. A STR is defined as a privately owned unit or room being rented for less than 60 days at a daily…
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The tale of supply and demand continues and who will come out as the hero? New home construction to the rescue! During the winter month’s new construction took a break as cold weather made that decision mandatory in some areas of the country. Now as spring arrives and the weather is warming so is the…
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This week we have the La Plata County residential real estate transaction numbers through the month of March. Residential sales continue to set record highs and the question remains, how long will this trend continue with the lack of inventory we continue to encounter? Bob Allen stated in this year’s Wells Group Forecast, this year…
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According to an article in Realtor Magazine, home shoppers this spring have 52% fewer homes to choose from than last year. For every 10 homes for sale last year, there are fewer than five today. We are finding this trend applicable to our market as well. At this time there are 33 in town Durango…
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We are excited to share The Wells Group’s 21st Annual Real Estate Forecast. This year’s format looked different than previous years with the forecast going virtual, making it accessible to watch from the comfort of your home. This yearly event compiles data and predictions for the La Plata County real estate market and is presented…
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This week we have the latest numbers for La Plata County residential real estate. While not a surprise based on the level of activity we’ve seen these past couple of months, the numbers are staying steady, with52 total single family sales for the month of February. January was at 59 solds and February 2020 was…
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Two full months into the New Year and real estate transactions in La Plata County are staying steady and showing great promise for a very busy spring ahead in the real estate world. The February numbers did not jump notably from the January numbers, however for this time of year these numbers are significantly higher…
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The La Plata County residential real estate numbers for the first month of 2021 are here. They are as exciting as we had hoped they would be! We saw some of the highest numbers of sold listings in the month of December 2020 ever. Historically sales slowdown in the winter months; however, new year new…
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As we are nearing the end of the year the monthly La Plata County real estate numbers continue to grow and surprise us in ways we were not expecting for 2020. The charts below will show a breakdown of the different markets in La Plata County i.e.: Durango In Town, Durango Rural, Durango Mountain Area,…
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It is that time again for the monthly numbers for La Plata County residential real estate and as you may have guessed November did not disappoint. It is common for real estate to slow down substantially in the winter months; although October brought 203 sales and November brought 125, La Plata County is still up…
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- for Deven Meininger
