Below is the preliminary information for real estate sales in the La Plata County, Durango Colorado real estate market.
As an overview, the La Plata County residential real estate market has continued to recover from the bottom of the market, which was September 2009. The residential real estate sales for the nine months thru 2011 totaled 527 transactions with a median price of $308,000 compared to the same period in 2009, which was 386 transactions and a median price of $292,500. As compared to the same period last year, the La Plata County residential transactions were up 10.2%, with the median price up .7%, the Durango In Town residential transactions were up 9.3%, with a .4% increase in the median price, and total Bayfield residential transactions were up 27.9%, but the median price fell 5.9%. The number of land sales improved 45.2% over last year, with a 21.7% increase in median price, and the commercial transactions increased 45.4%, with a median price increase of 20.4%.
Although this is encouraging news on the market, the number of transactions is still approximately 1/2 of the the number of sales in the top of the market, which was 2005, and still lower than the numbers for 2008 (same 9 months). Prices continue to be challenged in the market place due to the excessive inventory of properties for sale, and by distressed properties that are offered below market value.
Don Ricedorff is a licensed real estate broker in the State of Colorado, with 18+ 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 RepresentationGRI, 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 tennis, fly fishing, hiking, boating, and water skiing.
You can reach Don:
Don Ricedorff
970-375-7014
1 comment:
This is a good read for colorado. I want to learn more actually about the different states with this one as well as I can have more references to differentiate state from one another for my michigan real estate continuing education report for my classmates
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