Tag: real estate

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August 2021 DAAR Numbers

Durango Area Association of Realtors put together the local market update for us to see the trends and compare key metrics to 2020. We will be looking at single family homes as well as townhouses/condos in La Plata County for listings, sales prices, days on the market until sale, and inventory. La Plata County had…
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The Wells Group August 2021 Numbers

Last month’s activity reports have been compiled and released for us to be able to review the movement and trends in La Plata County real estate market. Here we will highlight key metrics that we see happening as well as compare August 2021 to years past.   August 2021 added 124 property sales to the…
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Breaking Down Down Payments

A down payment plays in to buying real estate often before the buyer even begins looking at available homes. Generally, it is an amount that the buyer saves up reaching some percentage of the sales price, varying on the type of home desired. The percentage is determined by the type of mortgage chosen and what…
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Marketplace Numbers July 2021

The Wells Group released La Plata County year-to-date statistics and July did not disappoint. Last month there were 149 properties sold, making 807 the new total from January 1, 2021 through July 31, 2021. While there were less sales in July 2021 than July 2020, the year-to-date sales total is 167 more than last year.…
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Solar Power

In Durango the month of June averages 14.7 hours of daylight. That’s a lot of energy that can be produced naturally! With solar panels, you can transform these rays into power for your house. The device most popular for residential use are photovoltaic (PV) panel which convert sunlight into electricity. The PV cells absorb the…
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Is it a Bad Time to Buy a Home?

It is undeniably a seller’s market. But, does that mean it’s a ‘bad time’ for you to buy a home? Marian McPherson wrote an article in Inman outlining Fannie Mae’s Home Purchase Sentiment Index (HPSI). While the HPSI stayed the same, and increase of 8% of respondents reported they believe it’s a ‘bad time’ to…
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June 2021 CAR Numbers

Durango Area Association of Realtors released 2nd quarter numbers outlining the market activity through June 2021, as well as 2020 vs. 2021 comparisons. New listings in-town Durango saw a dip in June with just 19 new single-family listings compared to 39 listings in June 2020. Despite less inventory, sales are still 18.3% higher that last…
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Feng Shui, Per Say

The phrase comes from an ancient Chinese system; “a system of laws considered to govern spatial arrangement and orientation in relation to the flow of energy.” Over time, the term has been related to interior design and the specific feel of a home. Historically, feng shui had three essential principles: the commanding positing, bagua, and…
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June 2021 Market Insights

Statistics for January 1, 2021 through June 30, 2021 have been released and we also have data to compare them to the prior eight years. The following information provides key metrics and trends as well as our insight into these numbers. There were 176 listings sold in the month of June which is the most…
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Increase to Building Costs

The housing supply is limited and one attributing factor is the increasing building costs affecting new construction. Currently, lumber prices are at a record setting high which has caused a hurdle in the construction industry. Contractors are reporting that prices have risen 377% since the spring of 2020, severely decreasing their profitability and margins, and…
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