Rick's Random Thoughts on Durango Real Estate and Things

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Save the Date-Tuesday, March 13thPlease be sure to save the date for the 18th annual Wells Group Real Estate Forecast to be held at the Fort Lewis College Concert Hall from 6 PM-7:30 PM. The presentation is beneficial to both first-time buyers as well as current or experienced real estate buyers ...
25% Increase in Average Sales Price since 2015Durango real estate prices have certainly seen some changes in the last couple of years. I recently did a study of Durango real estate sales statistics for Durango in-town homes sold during 2015 and 2016 and 2017 (not counting Three Springs Subdivisio...
We just held our 14th annual Team Lorenz Client Appreciation Party a little over a week ago at the Allen theaters here in Durango. As usual, it was a "food drive" for the Durango Food Bank and we raised nearly 1400 pounds of food and $325 in cash donations for those who so often need help getting...
In today’s Durango real estate market, there are several possibilities for people with little or even no down payment. FHA loans are available with just 3.5% down payment. Some loans require only 1% down payment. Through the HomesFund of Southwest Colorado, there is even some money available to m...
Wells Group Real Estate Forecast-You’re InvitedFor the 15th year, the Wells Group Real Estate Brokerage will be putting on our annual Real Estate Forecast. This year’s date is Wednesday, March 22 and it will be at 6:00 PM at the Fort Lewis College Concert Hall. Typically, 300-400 people attend th...
Comparative La Plata County Residential Sales Statistics 2015 vs 2016 first 9 months.  As many of you know I do a very thorough analysis of the residential real estate sales statistics in La Plata County (that would include Durango, Bayfield, Ignacio and the unincorporated portions of La Plata Co...
Florida River Frontage-Durango ColoradoNearly every week we get buyers coming into our office looking for riverfront or stream front property. We are proud to say that we have a 4 plus acre parcel that adjoins the Florida River and overlooks the pond that is located in this small development's co...
Are you interested in Lake Nighthorse views in Durango Colorado? This 36 acre parcel actually adjoins The Bureau of Reclamation land that surrounds the lake. Located in the very upscale Estates at Trappers Crossing, neighboring homes are in the million dollar plus price range. This particular lot...
As is my custom 4 times per year, I have compiled the Durango comparative real estate statistics for 2016 vs 2015 for the 1st 6 months of each year. Overall sales volume is almost unchanged this year compared to last but the 2 price brackets with increases in number of units sold this year are th...
A Seller’s Biggest Mistake When Putting a Home on the MarketIn 38 years of selling real estate and thousands of closed transactions, there is one rule that I have learned (actually I have learned several more than that) and I want to share that with you today. By way of illustration, let’s suppos...

Rick Lorenz

REALTOR Emeritus, CRS, ABR, CLHMS, CyberStar, CNE
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