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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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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As we welcome in the new year, it is safe to say 2021 was a wild ride in Real Estate. It seemed hard to believe we could see another year that would compete with 2020, but we did. With the December numbers in, we see the same trends continue: increasing prices, steady sales, and very…
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It is apparent that the state of the current real estate market is unprecedented. It has been shaped by supply shortages, major increases in building costs, and the Covid-19 pandemic, causing prices to rise and bidding wars which are leaving buying disappointed. But, does this mean that we are in a bubble just waiting to…
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The current demand for housing is high and the supply does not create the balance we have seen in years past. In fact, Zillow noted that in February 2021 the number of homes for sale were down 30% from February 2020. In retrospect, that is about a 26% larger decrease than we saw between 2019…
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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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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,…
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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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- for Deven Meininger
