2009 First Six-Month Statistics

Total Sold Residential Sales in La Plata County per Price Bracket and Year.
January 1 through June 30 Each Year.



In today's topic, I want to discuss January through June residential La Plata County sales this year compared to last year, by various price brackets. First off, the above chart shows that there's been a significant decline in the number of units sold this year compared to last year. What I want to point out is that it's the high-end properties that have slowed down immensely. The first two price brackets show that in 2008 62.6% of all of the units sold were price at $400,000 or less. Compare that to the year 2009 and you will see that 77.6% of all sales were under $400,000. That is a significant change in product mix being sold. As you can see by the numbers, the $800,000-$1 million price bracket is particularly quiet in 2009. Sellers are very aware of this, so it may be a very good time to try to strike a bargain in that particular price bracket.

For a very thorough Durango real estate analysis that would compare the first six months of this year to the first six months of last year, please click the following link. Durango Real Estate

Class Canceled

I am very sorry to report that the Wells Fargo Real Estate Exposition scheduled for Saturday, July 18 has been canceled. It turns out that due to government regulations, it is not legal for Wells Fargo to put on an event like this. We are trying to see if the Durango Board of Realtors would be the sponsor instead of the bank, but we have not heard yet.
As many of you know, I was going to teach a class on being a landlord and what that entails. I was going to discuss the types of properties to buy and the types of property to avoid buying. I was going to share my lease that I use, when to have leases expire, the kinds of ads to write and many more topics of interest. As soon as we can get this rescheduled, I will post a note on my blog with plenty of advance notice.
Navigating your way through the purchase of Durango real estate, particularly investment real estate, could be a daunting task the first time you make that effort. Remember back when you bought your first house? You had lots of questions I'll bet. Buying your first investment property is just like that. This class will be extremely helpful to not only people that would be a first-time investors, but also to those that own numerous properties. I've taught this class before to people that own six or seven rental homesand they commented that they learned claims from the class.