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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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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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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Every location is at the mercy of nature whether that be tornados, hurricanes, tsunamis, or in Colorado’s case: fires. While they can be devastating, there are steps that homeowners can take in order to prevent damage and ways that the community as a whole can contribute to a safer environment. In 2002, one of Colorado’s…
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May brought spring flowers as well as an interesting real estate market. Every month the Durango Area Association of Realtors provides a breakdown of key metrics to our La Plata County area real estate activity. We will be looking at May 2021 activity versus May 2020 as well as year to date statistics. In La…
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This week we have exciting statistics to share with you. From January 1 to May 31, 2021 there have been 482 property sales. Just under half of the year and 253 more properties under contract means we are on track to meet or possibly succeed 2020’s 1,449 total sales. May added 106 sales to 2021…
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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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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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- for Deven Meininger
