We are experiencing, as you may know from the national news, forest fires throughout Colorado, with several local fires here in La Plata county. Most likely in relation to those fires, we are seeing a slow down in general market activity. However, most of Colorado and most of Colorado will survive these fires with the help of our amazing firemen and women and we are so grateful to them for their extraordinary service.
I recently did research on what the market has done statistically so far this year. At the end of the year 2011 transactions were 718. At the end of March 2012 annualized transactions were 757 which represented a 5% increase through the 1st quarter. Since then, the market has been stable, neither increasing or decreasing significantly. Yesterday the annualized transactions were at 748.
On the pricing front, statistics show that median prices are equivalent to median prices in 2005. We have continued to see a downward trend in pricing through the first half of 2012.
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.
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