Coldwell Banker Durango Area Real Estate Blog

The newly released MLS third quarter and year-to-date La Plata County real estate sales statistics shows our inventory crunch continues. The decrease in sales directly correlates to fewer listings available in the marketplace.  In other words, less choice for buyers equals a decline in sales. Overall, residential sales are down 2.2% compared to 2017, and new listings are down by 2.8%. With prices continuing to climb (overall +6.2% in median price over 2017) buyers are delaying purchasing because they cannot fi... read more
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The second quarter and year to date real estate statistics for La Plata County show we are experiencing an inventory crunch.  Compared to last year at this time, the inventory of listings is down; - 3.4% for single family homes and -3.3% for condos/townhomes.  Because of this reduction, the number of home sales is down -18% in-town Durango, over -30% in Bayfield, and -4.5% overall for the County.  Median price increases continue, partially because of the crunch, and stand at 6.4%, or $385,0... read more
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The second quarter MLS statistics for La Plata County were just released by the Durango Area  Association of Realtors and the number of residential sales are down from the same period in 2018 and the median price is slightly down. With only two quarters of data to report, it’s difficult to see what trends are occurring.  Overall, single family home sales have decreased 4.7% and the median price saw a 1.7% decrease when compared to 2018. However, there was a 3% increase for median price and the numb... read more
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The first quarter MLS statistics for La Plata County were just released and the harsh winter weather appears to have taken its toll. The low number of homes for sale was squeezed even more after a severe winter that just wouldn’t quit. With only one quarter of data to report, La Plata County is down 26% in new single-family listings when compared to the same period last year.  Generally speaking, people don’t like to move during the winter and will wait for warmer weather to put their home on the ... read more
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The 2018 MLS statistics for La Plata County were just released and they show strength in our local real estate market.  Overall, La Plata County home sales are down 3.1% while the median price rose 5.7%.  As all real estate is local, areas of the county with the highest median price gains are where the number of sales was reduced the most; areas of low inventory have the highest price increase. For example, in-town Durango home sales are down 3.2% in number but jumped 8.5% in median.  While Durango C... read more
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