Tag: real estate

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2020 March Numbers

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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Spring Buyers Have 50% Fewer Homes to Choose From

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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Wells Group’s 21st Annual Real Estate Forecast

We are excited to share The Wells Group’s 21st Annual Real Estate Forecast https://www.youtube.com/watch?v=2P7EE-VI5lk . 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…
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Real Estate Transactions for February 2021

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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2021 Wells Group Forecast

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February 2021 Numbers

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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Booming Spillover Markets

This last year brought an unexpected increase in real estate transactions and eagerness in buyers that created a scenario for sellers to get multiple offers the day their house hit the market. In larger metro areas where inventory is down and home prices are on the rise we are seeing folks who would be interested…
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January 2021 Numbers

This week, we have the latest real estate numbers for La Plata County for the month of January. 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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Winter Maintenance Tips

A cold front has hit the country and the winter storm is bringing some serious cold weather, unexpected ice and snow fall in places that hardly ever see weather like this. Residences in many areas of Texas woke up to a winter wonderland this week without power and many without heat. Not being prepared for…
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Update on Interest Rates

For the second straight week the mortgage rate has stayed steady at 2.73% as recent data shows that inflation remains well below the Federal Reserve’s 2.0% target. Inflation doesn’t have a direct impact on mortgage rates; however rising inflation could lead to higher bond yields. Given that the 10-year Treasury yield is the basis for…
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