Comparing 2020, 2021, and 2022 1st Quarter Stats is like taking a walk through memory lane of the pandemic. While pandemic feels like a bad word, it is important when considering the impacts on real estate. Q1 2022 more closely resembles Q1 2020, rather than Q1 2021. The total number of home sales in La…
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Every month the Colorado Association of REALTORS® (CAR) releases statewide real estate statistics and key metrics so we can review past trends and try to see where the market is headed. In March 2022, there were 9,390 new single-family listings. The year has now totaled 21,545 new listings, of which just 195 were in La…
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Every month the Wells Group compiles residential statistics from the prior month’s real estate activity so that we can look at key metrics and trends. In La Plata County, March had 81 sales which is increased from January and February. So far 2022 has a total of 213 sales, 44 less than the first quarter…
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The Durango Area Association of REALTORS (DAAR) compiles monthly reports reviewing La Plata County and individual town’s listings, sales, prices, and more. With these statistics, we can evaluate the current market and potentially where it’s headed. La Plata County as a whole had 58 new single-family listings in February 2022. This was slightly down from…
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Every month, we compile numbers from market activity to compare, contrast, and find key metrics. With the second month of 2022, we can already start to see this year follow a similar trend to 2020 and 2021. There were 66 sales in February, the exact same as January. In 2020 and 2021, January and February…
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Matt Lavinder, president of New Again Houses in Bristol, TN., addresses how the pandemic changed our view of a home, “A house is no longer just a place to sleep. It’s become a school, an office and a movie theater.” Having these alternate necessities for a home opened up creativity for many families in how…
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Monthly summaries of our local real estate market help find trends and key metrics that assist us in understanding where the market is currently and what direction it seems to be heading in the future. The Wells Group looks at January 2022 and three years prior to see the changes and consistencies. There were 66…
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Every month the Durango Area Association of REALTORS (DAAR) releases compiled numbers for La Plata County and specific areas within the county. For the first month of the year, 2022 had an overall decrease in activity compared to January 2021. Durango in-town saw 50% less listings and sales for single family homes. However, for the…
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“Colorado Homes Showed 32% Overall Price Appreciation in 2021 New Coloradoans and the state’s stay-at-home orders during the pandemic have combined to form an unprecedented amount of growth in home values and scarcity in 2021, according to CAR’s 2021 Year-End Market Trends Report. The overall median single-family home price across Colorado went up 32% between…
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- for Max Hutcheson
