Rick's Random Thoughts on Durango Real Estate and Things

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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...
We have a great listing of 35 plus acres located about five or 6 miles west of Durango where they shot part of the movie City Slickers II. As you can see by the photograph, this parcel offers great privacy, lots of trees and a view of the meadow where you will see deer and elk on a very regular b...
Year-end Durango Real Estate Statistics are now complete for 2014 and the residential sales volume shows an increase of 7.59% over 2013's year-end number. The number of residential units sold increased only slightly ... 1.23%... from the year before. Obviously, that means that the average sales p...
  Durango Condominium and townhome unit sales in La Plata County (Durango, Durango Mountain Resort, Bayfield and Ignacio) declined by 20% year-to-date when comparing 2014 to 2013.  The average sales price for the same timeframe actually increased by 14.6%, however.  Due to that larger average sal...
     Durango & La Plata County vacant land sales took a very slight dip in the 1st 6 months of 2014 compared to the 1st 6 months of 2013.  While the number of units sold decreased by just over 3%, the median sales price dropped by 19.6%.  More higher-end parcels sold this year than last, with 7 s...
Durango Real Estate  1st Quarter Sales Results We have finished compiling the 1st quarter Durango (all of La Plata County actually) real estate statistics where we compare the 2014 results to those from 2013 for the same time period.  Unless otherwise noted, all statistics are for residential pro...
    Home Scouting Report-Application We’ve recently added a new service that will be a benefit to both buyers and sellers.  This product does several things that are extremely helpful and I am still learning how to fully use the application myself.  You download the software onto your smart phone...
    This past week The Wells Group Real Estate Brokerage presented its 14th annual Real Estate Forecast discussing in depth the Durango Real Estate Market. With approximately 300 people in attendance at the Fort Lewis College Community Concert Hall, our firm, along with Bob Allen (real estate con...
     Durango area residential real estate sales for the first 2 months of 2014 show that the greatest activity is from $500,000 and under.  87% of all sales fell into that under $500,000 price range, while 81% in that price range were under contract-of-sale at the end of February.                ...
Final Durango Real Estate Stats & A Look at 2014 As I mentioned in my very 1st blog of the year regarding the Durango real estate sales statistics comparing 2013 to 2012, we have now finished that complete analysis and have posted it online on my website.  Here is a link directly to that:  Durang...

Rick Lorenz

REALTOR Emeritus, CRS, ABR, CyberStar, CNE, E-Pro
local_phone(970) 375-7007
smartphone(970) 759-3789
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43+ years of successfully selling Durango Colorado real estate certainly qualifies me as having seen just about everything. There have been funny moments "What do you mean you're going to cash my earnest money check?" And there have been serious moments where we completed a short sale just hours before the foreclosure sale was to occur. My greatest satisfaction comes from knowing that we have the expertise and are able to help those people in what is usually the largest financial transaction of their life. One of our clients once said "We sure are glad that you were at the helm of the ship steering our transaction. A little gray hair behind the ears of the 'captain' sure made these passengers feel safer."