The following statistics are for only La Plata County and include the towns of Durango, Bayfield, and Ignacio. These are residential real estate statistics only and do not include vacant land or commercial.
It usually takes about a week or so after the end of the year for everybody to get their “solds” reported to the MLS. I thought I would do just a real quick check and see how 2013 compared to 2012. The preliminary numbers are pretty interesting, to say the least.
Total residential real estate sales in La Plata County increased by 32% in dollar volume from $285 million in $2012 to $377 million in 2013. Number of units sold increased by 33% going from 778 homes/condos all the way to 1036 this past year.
The average sales price increased by 7% to $364,709. While the median sales price increased by 4% to $310,000. The average days on the market for all the homes that sold this past year dropped by 10%, down to 173 days.
One of the more interesting and troubling statistics is the number of residential units currently available for sale which now stands at 596 units a decrease of 10% compared to the end of 2012. That decrease in supply together with the increase in number of units sold will almost certainly indicate a rise in price in 2014.
I will have my much more detailed analysis broken down by $200,000 price brackets later this coming week.