Leading Real Estate Companies Of The World

We are pleased and proud to announce that The Wells Group has been selected to be an affiliate of Leading Real Estate Companies of the World® which is a collection of over 500 of the finest and most dominant residential real estate firms around the world, producing more annual home sales than any other real estate network.  It is comprised of 4600 offices and 140,000 sales associates in 30 countries around the world.  As an affiliate of this network, all of our listings, including yours, will be even more connected to global exposure because when your property is posted on the Wells Group website, it will automatically also be promoted on the LeadingRE.com website and immediately connected to the websites of over 500 of our affiliated real estate firms in the world.  

We firmly believe that local expertise with personal attention is the keystone of what The Wells Group offers to our clients.  Affliation with Leading Real Estate Companies of the World will combine the best of that local focus with a national/global presence.

http://www.leadingre.com/

Home Price Indices

Last week we shared an article from the Wall Street Journal that noted that we seem, Nationally, to have seen the bottom of the Real Estate Market.  Below is a chart compiling CoreLogic and the Case Shiller Composite Indexes showing home price fluctuations over the last three years.  Case Shiller shows 2% price increases Nationally.

This next chart illustrates the percentage change in home prices on a state by state basis.  Colorado's overall pricing trend shows a 4.8% increase.

However, in La Plata County, home prices are showing a trend that is nearly flat with the median home price being $301,849 in 2011 and $299,975 in 2012.

As you can see, signs are positive that the Real Estate market is stronger Nationally and Statewide, which are trends we hope to see transition to our local market.  The facts are the number of homes sold in La Plata County has been increasing for three years, and the number of homes on the market has diminished significantly as compared to last year.  All of these signs point to an improving Real Estate market, and we would hope to see prices of homes increase in the next 1-2 years.

As always, please feel free to contact our office with any questions or concerns.

Don Ricedorff, Broker Associate, GRI, CRS, CCIM, ABR, RSPS, CDPE

E-Mail:  don@durangorealproperty.com

Direct:  970-375-7014

Fax:  970-259-5007

Web:  www.DurangoRealProperty.com

Member of Rocky Mountain Commercial Brokers
http://www.rockymtncommercial.com/