The statistics for La Plata County have been released for the first quarter of 2009. The closing transactions were at a four year low, and demand was stagnant following the economic turmoil during the 4th quarter of 2008.
Only 38 Durango Colorado homes closed in the first quarter, down from 100 in last years first quarter. The breakdown of the 38 homes sold was:
In Town Durango: 9
Durango Country Homes: 19
Durango Condominiums: 10
In Bayfield, there were 23 sales, with six Bayfield In-Town homes, and 17 Bayfield country homes. This compares to last years sales of 15, showing a nice improvement.
We have seen a spark of interest during April, with a number of homes under contact. It appears some confidence is returning to the market, and that demand is increasing. It also appears that the first time home buyers tax credit of $8,000 is beginning to take affect. We have worked with several buyers looking to take advantage of this wonderful opportunity. The inventory of homes continues to grow, offering buyers a great number of choices.
If you have any questions, please do not hesitate to call me. You can reach me, Don Ricedorff, at The Wells Group 970-375-7014, don@frontier.net, or at my website at durangorealproperty.com.
Don Ricedorff is a licensed real estate broker in the State of Colorado, with 16 years of experience, and he resides in Durango Colorado. He has numerous real estate designations, which have provided him with an unparalleled education to assist his clients.
The designations include:
CRS, Certified Residential Specialist
CRB, Certified Residential Broker
CCIM, Certified Commercial Investment Member
CDPE, Certified Distressed Property Expert
ABR, Accredited Buyer Representation
GRI, Graduate of Realtor Institute
RSPS, Resort and Second Home Property Specialist
CIPS, Certified International Property SpecialistSRES,
Senior Real Estate Specialist
He is also an active volunteer in the community and his church. His highest aspiration is spending time with his wife, Janet, and his three children Kelly, Katie, and Kyle. His other interests include playing tennis, fly fishing, hiking, boating, and water skiing.
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