| La Plata County Residential Sales (first 9
months) |
La Plata County Sales - All Types (first
9 months) |
| |
2009 |
2008 |
Change in % |
|
2009 |
2008 |
Change in % |
| Total Residential Sales* |
$135,539,274
|
$215,336,679
|
-37.05% |
Total* |
$178,874,060
|
$268,483,095
|
-33.37% |
| Average Sale Price |
$363,376 |
$395,839 |
-8.20% |
Average |
$407,457 |
$405,563 |
0.47% |
| Median Sale Price |
$295,000 |
$329,000 |
-10.33% |
Median |
$292,000 |
$325,250 |
-10.22% |
| *Totals do not include Timeshare, or any units
sold for less than $100,000 |
|
|
|
|
| |
|
|
|
|
|
|
|
| La Plata County Residential Sales ~
January 1, 2009 through
September 30, 2009 |
| |
$100K-$199K |
$200K-$399K |
$400K-$599K |
$600K- $799K |
$800K-$999K |
$1 mil and up |
Total |
| # of Units Sold |
55 |
219 |
62 |
20 |
7 |
10 |
373 |
| Avg Days on Market |
200 |
190 |
192 |
325 |
402 |
329 |
207 |
| Median DOM |
131 |
131 |
140 |
288 |
395 |
288 |
144 |
| Sales to List price % |
93.80% |
96.10% |
95% |
96.10% |
87.10% |
83.90% |
94.00% |
| Units Currently Available |
115 |
533 |
308 |
154 |
78 |
145 |
1333 |
| Absorption Rate (note 1) |
1.57 years |
1.83 years |
3.73 years |
5.77 years |
8.36 years |
10.9 years |
2.68 years |
| # of Cash Sales |
7 |
22 |
12 |
6 |
3 |
4 |
54 |
| % of Cash Sales To Total |
12.70% |
10.00% |
19.40% |
30.00% |
43% |
40% |
14.50% |
| Note 1: Absorption Rate is the period of time it
would take all active listings to be sold,
assuming no additional properties |
| come on to the market. Generally speaking, a six
to seven month supply of homes is considered "in
balance". |
| A supply of more than 7 months is generally
considered a buyers market; less than 6 months
is a seller's market. |
| Where Are They Buying In 2009? |
| Durango in town |
10 |
75 |
23 |
4 |
1 |
0 |
113 |
| Durango Rural |
15 |
60 |
29 |
10 |
3 |
6 |
123 |
| Bayfield in town |
3 |
29 |
0 |
0 |
0 |
0 |
32 |
| Bayfield Rural |
9 |
36 |
5 |
0 |
0 |
0 |
50 |
| Resort Condos & Single Family |
10 |
9 |
1 |
6 |
3 |
4 |
33 |
| |
|
|
|
|
|
|
|
| La Plata County Residential Sales ~
January 1, 2008 through
September 30, 2008 |
| |
$100K-$199K |
$200K-$399K |
$400K-$599K |
$600K-$799K |
$800-$999 |
$1 mil and up |
Total |
| # of Units sold |
63 |
293 |
124 |
38 |
17 |
9 |
544 |
| Avg Days on Market |
153 |
157 |
192 |
196 |
304 |
304 |
174 |
| Median DOM |
102 |
113 |
140 |
126 |
264 |
210 |
123 |
| Sales to List Price % |
96.70% |
97.00% |
96.00% |
96.70% |
96.00% |
93.20% |
96.30% |
| # of Cash sales |
16 |
48 |
16 |
8 |
6 |
4 |
98 |
| % of cash sales to total |
25.40% |
16.40% |
12.90% |
21.10% |
35.30% |
44.40% |
18.00% |
| |
|
|
|
|
|
|
|
| Where Did They Buy In 2008? |
| Durango in town |
41 |
146 |
55 |
14 |
2 |
0 |
258 |
| Durango Rural |
6 |
64 |
51 |
18 |
11 |
6 |
156 |
| Bayfield in town |
0 |
32 |
3 |
0 |
0 |
0 |
35 |
| Bayfield Rural |
5 |
32 |
7 |
1 |
1 |
1 |
47 |
| Resort Condos & Single Family |
5 |
8 |
5 |
5 |
3 |
2 |
28 |
|
| |
| The compilation
of this data is copyright protected as the
intellectual property of Rick Lorenz 2009 |
| |
2009 Sales Compared to
2008 Sales |
|
|
| |
$100K-$199K |
$200K-$399K |
$400K-$599K |
$600K- $799K |
$800K-$999K |
$1 mil and up |
Total |
| ∆ in # of units sold |
-8 |
-74 |
-62 |
-18 |
-10 |
1 |
-171 |
| ∆ in units as a % |
-12.70% |
-25.26% |
-50.00% |
-47.37% |
-59% |
11.10% |
-31.43% |
| ∆ in Avg Days On Market |
47 |
33 |
no change |
129 |
98 |
25 |
33 |
| ∆ in Avg DOM as a % |
30.72% |
21.02% |
0.00% |
65.82% |
32.24% |
8.22% |
18.97% |
| ∆ in Durango in Town Units |
-31 |
-71 |
-32 |
-10 |
-1 |
0 |
-145 |
| ∆ inDurango in Town as a % |
-75.61% |
-48.63% |
-58.18% |
-71.43% |
-50% |
0% |
-56.20% |
| ∆ in Durango Rural - Units |
9 |
-4 |
-22 |
-8 |
-8 |
0 |
-33 |
| ∆ in Durango Rural - as % |
150.00% |
-6.25% |
-43.14% |
-44.44% |
-72.73% |
0% |
-21.15% |
| ∆ in Bayfield in Town - Units |
3 |
-3 |
-3 |
0 |
0 |
0 |
-3 |
| ∆ in Bayfield in Town - as % |
300% |
-9.38% |
-300% |
0 |
0 |
0 |
-8.57% |
| ∆ in Bayfield Rural - Units |
4 |
4 |
-2 |
0 |
-1 |
-1 |
3 |
| ∆ in Bayfield Rural - as a % |
80% |
12.50% |
-28.57% |
-100.00% |
-100% |
-100% |
6.38% |
| ∆ in Resort -Units |
5 |
1 |
-4 |
1 |
0 |
2 |
5 |
| ∆ in Resort - as a % |
100.00% |
12.50% |
-80.00% |
20.00% |
0.00% |
100.00% |
17.86% |
| |
Sales data was compiled from the Durango
Area Association Of Realtors' MLS. EXCEPT AS
NOTED, time
share or fractional ownership units
were not included. Only La Plata County sales
were used, so any Mancos, Cortez
or Silverton
sales are not calculated in these figures.
Active listings used to determine absorption
rate, were listings
active on October 8, 2009. |
|
|
