Durango real estate sales statistics are certainly something that I track very regularly. This past week we put on the 12th Annual Wells Group Real Estate Forecast held at the Fort Lewis College Community Concert Hall. This is a by-invitation-only event for Wells Group clients you. We were close to filling the 600 seat theater. Bob Allen, from Allen and Associates a Durango appraisal firm and real estate consultant presented close to 100 slides of information. In addition, over half of the Wells Group brokers participated with short video excerpts about different aspects of the market. The forecast not only looks at what happened over the last year, but very definitely discusses where we think we are going to go in 2012 as a relates to real estate.. The entire slideshow and video is available for viewing, but you will need to contact me in order to get a password. Please e-mail me at Rick@BuyDurango.com and I would be happy to forward that link and password. To you.
While many parts of the country are still being heavily impacted by bank owned and short sales, that ends up being only a small part of the sales in Durango. This last week I ran the numbers and it was just right at 15% of all residential transactions were short sales or bank owned properties. I've spoken with many brokers around the country where that percentage is more like 35 or 40% of their transactions are of the "distressed" nature. While the number properties going into foreclosure has increased, a large number of those get cured and are taken off of the foreclosure auction block.
If you would like to discuss the Durango real estate market in greater detail, please feel free to give me a call and I would be happy to discuss your particular market niche with you. For those of you that have followed me for any length of time, you know that I do an analysis by $200,000 price brackets. I do those at the end of each quarter of the year and they are posted on my website www.BuyDurango.com under area information, real estate statistics. By 10 April I should have the first quarter of 2012 completed for comparisons against the first quarter of 2011.
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