All Real Estate:12/9/09 Blue Ribbon’s Weekly Market Update:

Posted by admin | Online Real Estate | Tuesday 15 December 2009

Article Summary:

Real Estate had been the apple of investment to the few who have the gold. When real estate are developed or bought for the purpose of generating income, it becomes an income property. No wonder why there are numerous of income property for sale and for rent.We had a big storm pull through this week, adding few feet of fresh powder to our little mountain town!  Everything has been painted a beautiful shade of white.  Meanwhile we are still here working hard!
Here is your weekly market update:
What has sold?
11 Homes have sold in Durango


Article Content:
We had a big storm pull through this week, adding few feet of fresh powder to our little mountain town!  Everything has been painted a beautiful shade of white.  Meanwhile we are still here working hard!

Here is your weekly market update:

What has sold?
11 Homes have sold in Durango in the past week.  Homes were priced from k-.2 Mil.

-Average list price was 7k     -Average sold price: 2k
-Average Days on market: 245
-Average sold price per square foot from these homes: 3.00
-6 homes were in town, the other 5 in rural Durango locations

Click Here to View CMA Presentation

How many homes are under contract?
There are currently 73 homes in Durango with pending sales.  Listed prices range from 4,000 to .9 mil.  Median price is around 0K.

37 of these homes are in town.
36 are in rural areas of Durango.

Anything New?
There are 11 new listings on the market since last Wednesday prices range from 4k-.2Mil.  Here are the new listings:

Click Here to View New Listings

For more info or statistics on surrounding areas or additional info, feel free to call or email us, we are happy to help.


Shaheen Hangval
Broker Associate/EcoBroker with Blue Ribbon Properties

835 Main Ave. Suite # 214
Office: 970-247-8388 Fax: 970-247-8360
Shaheen’s Cell: 970-769-2441

Looking for the scoop on Durango Real Estate?  Check out our blog!
http://blueribbondurango.com/blog

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