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 the $200,000-$400,000 and the $400,000-$600,000 price ranges. Unfortunately that is also where the largest decrease in available units has occurred consequently I would expect to see rising prices in those 2 "sweet spots". It is hard to believe that there are actually 200 less units available for sale this year compared to last year in spite of the new construction going on out in 3 Springs, Trimble Crossing and Estancia.Here is a link to my more detailed electronic newsletter that also has a link to the full analysis by $200,000 price brackets.
Durango Comparative Real Estate Statistics 2016 Vs 2015
I always say to my team members you must know the market in order to be a good real estate broker and that information needs to be shared with our buyers and our sellers so that they can make educated decisions. Please feel free to contact us to discuss this information in greater detail. We would love for you to spend some time on our website and here is a link to that:
Durango CO Real Estate
Or feel free to give us a call at 970-375-7007
Comments(4)