Durango 5 Year Residential Sales Statistics
I recently compiled the Durango 5 year residential sales statistics on a month by month basis. This shows how many residential units (condos and homes) closed from 2007 through January of 2012. The chart below is the result of the analysis of the Durango real estate market. Please understand that these statistics cover all of La Plata County so that would include Durango, Bayfield and Ignacio. Both in town and out of town homes were used in this analysis. It also would include condominiums located at the ski area.
As you can see 2007 was a very good year and we have not had another year come back up to those levels yet. Number of units sold declined all the way through 2009 in the last two years has seen a slow but steady increase. November of 2011 was only the second time in that five-year timeframe that the number of units sold per month actually was greater than the corresponding month in 2007. In December of 2011 the units sold was only two units off of December 2006. It's pretty clear that 2010 was the year the market started to turn around.
Analyzing and then interpreting Durango real estate sales statistics is something that is so very important in order to give advice to our buyer and seller clients. Everybody… literally everybody… asks me: "How is the market?". This type of statistical analysis, along with my quarterly analysis broken down by $200,000 price brackets, is certainly a huge help in getting a good pulse on the Durango real estate market. If you would like to see that quarterly analysis click the following link: 2011-2010 Durango Real Estate Residential Analysis
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