Thank you for taking the time to share this report with us. This is great information for buyers and sellers alike,
Jim Crawford
Atlanta, GA
Cody, you are right, the moderately priced market is strong on demand but short on supply. Our higher-end properties, many of which get purchased by people in the oil and gas industry (which is a major business in our part of the state) has been the most affected and that there are far fewer buyers for the higher-end properties now.
Jim, I've been keeping statistics like this for years and have them posted on my website. It's a great way to determine trends in the market place. Like all real estate markets, there are little niches that "buck the trend" and by breaking down all of our residential transactions by $200,000 price increments most of my buyers and sellers really appreciate the insights that it provides. It takes almost a day to gather all the numbers and then do an analysis/interpretation of those numbers. Time and money well spent.
I love the Durango area, thank you for sharing. Great work with the statistics and analysis present here. We're seeing a lot of competition for the moderately priced units out here too.