Beginning of "Shoulder" Season in Durango

This time of year is typically what I call the "shoulder" season in Durango, Colorado real estate. Durango Mountain Resort has closed and ski season is over. The high country is still inaccessible for hiking and camping, and river rafting hasn't started. So, this is usually a quieter time with respect to tourism and we generally see slower overall real estate activity from now until the end of June. I anticipate activity will increase for the summer beginning around July 1st.

Last Friday, April 30th, 2010, also marked the end of opportunity for the first time homebuyer or repeat homebuyer federal tax credits. Buyers who wished to take advantage of these two programs had to be under contract on April 30 and close by June 30, 2010. We don't yet know how much of an impact the expiration of the availability of these credits will have on our market.

Even with the expiration of the tax credit programs and the beginning of our "shoulder" season, demand for properties appears stronger than last year and our record high inventories are slowly decreasing. There are particular areas of our market where the opportunities to purchase at a great price have never been better. Affordability is at a peak and interest rates are still low, so it is a great time to buy.

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 Specialist
SRES, 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.