Fall in Durango

The Fall real estate market in Durango has been somewhat slow, although we continue to see signs of recovery in real estate and have optimism for the future. As always, we count our blessings that we live and work in Durango, Colorado, which continues to shine even in these difficult times. Here is a little description of our fair town from the DowntownDurango.org website:

"Marketing professionals have long sought a clever phrase incorporating terms shared by guests – charming, vibrant, “fun.” The resonating word, however, which perhaps most aptly describes Durango’s appeal is “real.” Durango is a “real” town. Simply stroll down Main Ave. or relax in a coffee house or local brewpub and you’ll feel the energy. Though Durango has all the beauty and activities of mountain resort towns across the West, this is a place where people truly do live – and love it."

Upcoming Downtown Durango Events:

This weekend: Seuss on the Loose Exhibit; Rocky Horror Show

Nov. 18 - Dec. 28: Polar Express

Nov. 18 - Dec. 29: Winter Solstice Artisan's exhibit

Nov. 25 - Jan. 1: HoliDazzle

Dec. 2 -3: Holiday Arts Show

Dec. 2 -4 and Dec. 9 -11; Festival of Trees

Dec. 2 -18 Hark the Neville Angel Sings

Dec. 3, 10, 17 The Eight Reindeer Monologues

Dec. 9 - 11 Nutcracker Ballet

Dec. 19 Big Bad Voodoo Daddy's Holiday Party

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 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 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.

Durango Colorado Real Estate Statistics - Thru Sept. 2011

Hello Friends,

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

don@frontier.net

970-375-7014

Living In Durango. Marketing To The World.

One of the more challenging aspects of marketing real estate is finding a balance in the different mediums. How much print advertising is enough? Are we reaching the correct audience with the internet marketing?

Our approach to each property we promote is to coordinate all of the marketing we will publish at the very beginning. Each property has its own unique qualities and the marketing we create for each property is as unique. The design created for each property runs through all print and digital media.

Our print advertising begins with the printing of full color, multi-page brochures. We also reserve a space in The Durango Herald for a print advertisement and a real estate exchange cover position. Properties also appear in The Wells Group’s Listing Guide – a full color magazine featuring all Wells Group properties.

In addition to our print advertising with the Herald, we dedicate space for a web ad for the properties that we represent. The properties are shown for 1 week on a rotating basis and appear on the local and regional news pages.

On average, our advertising on www.DurangoHerald.com receives 9974 impressions. Out of those impressions, our ad receives 38 click throughs. This means that 38 people were directed to our website, www.DurangoRealProperty.com, for the information specific to the property featured in that week’s ad.

Additionally, each property is featured on our personal website, the Wells Group’s website www.wellsgroupdurango.com, and sites such as Trulia.com, Zillow.com and more.

As comprehensive as we feel our marketing is, we know that it is only a means to an end. The real results are seen once we are in contact with the prospective buyers and can put our expertise and customer service to work.

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 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 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.