More Durango Real Estate YTD Statistics

Our Board of Realtors compiles the statistics in a little different way than I do. Whereas I sort all of the residential properties by incremental price ranges, our Board compiles the data based on where the properties are located. Homes in the city limits of Durango, homes in the city limits of Bayfield, homes in the Durango ZIP code but outside the city limits, etc. I'm sure you get the idea.

In looking at this data here are some of the statistics comparing the first six months of 2010 to the first six months of 2009 using the Board of Realtors compiled statistics. For Durango in town homes, the median price in 2010 was $335,000 which represented a 5.6% decline from 2009. Total dollar volume for those homes actually increase by 55% and the number of units sold increased by 51%.

For homes in the Durango ZIP code but outside of the city limits, the median price was $375,000 which represented an increase of 4.31% compared to 2009. Total dollar volume for that classification increased by 70% in the number of units sold increased by 40% when compared to 2009. Homes that sold, stayed on the market longer with the average days on market in 2010 being 244 days.

The Durango condominium market saw a slight decline in the median price are went from $270,000 in 2009 down to $267,500 in 2010. Last year 45 Durango condos sold in the first six months of the year whereas this year 83 of sold representing an increase of 84% in number of units sold. Average days on the market also increased from 231 days last year to 260 days this year.

Parcels of vacant land from 1 to 10 acres in size continue to be a slow part of the market. Last year 12 units sold in this year it jumped 15 in the first six months. For the properties that did sell this year the average days on the market changed pretty significantly. Last year it took 417 days to sell up tractable land this year only 278 days. The median price dropped 19% from 2009 to 2010. In 2009 median land sale price was $142,000 and this year it dropped to $115,000.

Real estate is a complex business and while it's possible to get caught up in the numbers too much, I think it's important to be able to look at the figures and come to some conclusions on what the trends might be. If you would like additional information on more Durango real estate sales statistics, please feel free to give me a call or drop me an e-mail and I'll see what I can do to answer your questions. A well-informed client is the best client to have.

One Half of a Duplex

It is not very often that we get the opportunity in Durango to sell a unit that is part of a two unit structure. This duplex was built by local architect Dean Brookie and it was his personal residence for a number of years. Created as a two unit condominium, the property really has the characteristics of a townhome because there is nobody above or below you and you have your own fenced backyard. The way this unit was laid out, there are less than 10 feet of common/shared wall between the two units. Contemporary in design, the Durango home that is for sale has lots of hard wood floors, high vaulted ceilings and numerous windows. The kitchen is fully modernized with granite countertops and stainless steel appliances. You'll enjoy many cozy evening around the woodburning fireplace in the family room. There is a bedroom on the main floor that overlooks the landscaped backyard. Not seen very often anymore, this home actually has two sets of stairs going up stairs: One leads to the master suite and the other set of stairs leads to the other two bedrooms. The home is approximately 2250 ft.² in size.

The location of this home is especially good in that it is only a block away from the Durango Rec Center and the free Durango trolley. It's also within walking distance of Needham Elementary School, Durango Senior High School, Miller Junior High School and the 55+ center.

For more pictures and more information on this Durango condominium click the following link and it will take you to a mini website within our BuyDurango.com main website. Durango Condominium