Year-To-Date Comparative Sales Figures

As is my custom, I've compiled a complete analysis of the residential sales data for all Durango real estate (that would be for all of La Plata County) from January 1 through September 30 of this year as well as the same time period in the year 2008. In addition, my analysis breaks down the price brackets by $200,000 increments, which makes it easier to understand it allows you the public to look at your specific price range.

Overall the total residential dollar volume in 2009 versus 2008 has dropped 37.05%. The average residential sales price, however, only declined by 8.2%; while the median sales price declined 10.33%. You can see by these figures that values are holding reasonably well... it's just that the dollar volume is down significantly. Those numbers seem to reinforce our concept that Durango Colorado real estate has been, and is still a good place to invest your money.

The busiest price bracket is from 200,000 of $400,000 where 219 units sold this year compared to 293 last year. That is a decline of 25.26%. The hardest hit price range is the $800,000-$1 million price bracket. That is almost a no man's land with very few buyers closing on properties in that price bracket. Last year 17 homes that sold, this year only seven have sold and their average days on the market this year has risen to 402 days. Somewhat oddly, I would think, in 2009 more homes over $1 million and sold than in 2008; granted it's only one more than last year, but it's the only price bracket where there was an increasing number of units sold.
One of the items that I analyze is where are people buying? Durango in town? Durango rural? Bayfield in town? Or Bayfield rural? Condos at the resort? Per each price bracket, I have the answers to those questions.

My complete Excel spreadsheet...in an easy to view format...for Durango real estate sales analysis is located on my website. Click the following link to take you directly to that spreadsheet: Durango Real Estate Sales Analysis

If you would like to discuss this analysis in more detail or if you are ready to get some help in your search for Durango area real estate, please give us a call and we will be more than happy to take care of your needs. My direct line office number is 970-375-7007.