Durango Real Estate Comparative Statistics 2020-2021 First 3 months

April 2021 – Rick’s Durango Real Estate Update
2021 vs 2020 1st Quarter Comparative Residential Sales Statistics
La Plata County Residential Sales (first 3 months)				La Plata County Sales – All Types (first 3 months)
	2021	2020	Change in %		2021	2020	Change in %
Total Residential Sales*	$150,477,693	$104,620,616	43.83%	Total*	$190,054,090	$126,843,261	49.83%
Average Sale Price	$601,910	$505,413	19.09%	Average	$544,567	$495,481	9.91%
Median Sale Price	$499,000	$440,000	13.41%	Median	$418,500	$415,000	0.84%
*Totals do not include any units sold for less than $100,000
La Plata County Residential Sales ~ January 1, 2021 through March 31, 2021
	$100K-$199K	$200K-$399K	$400K-$599K	$600K-$799K	$800-$999	$1 mil and up	Total
# of Units Sold	14	75	73	46	14	28	250
Avg Days on Market	109	98	84	96	155	145	103
Median DOM	60	60	61	58	95	117	65
Sales to List Price %	98.40%	98.20%	99.10%	99.00%	97.80%	98.30%	98.60%
Sales Currently Pending	8	48	60	59	16	19	210
Units Currently Available	2	16	23	25	10	52	128
Absorption Rate (Note 1)	0.04 years	0.05 years	0.08 years	0.14 years	0.18 years	0.46 years	0.13 years
# of Cash Sales	4	11	12	10	2	14	53
% of Cash Sales to Total	28.57%	14.67%	16.44%	21.74%	14.29%	50.00%	21.20%
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 2021?
Durango in Town	3	18	28	15	2	3	69
Durango Rural	5	22	29	23	8	16	103
Bayfield in Town	1	7	2	0	0	0	10
Bayfield Rural	1	16	8	1	2	1	29
Resort Condos & Single Family	3	6	6	6	2	8	31
La Plata County Residential Sales ~ January 1, 2020 through March 31, 2020
	$100K-$199K	$200K-$399K	$400K-$599K	$600K-$799K	$800-$999	$1 mil and up	Total
# of Units Sold	17	73	59	30	16	12	207
Avg Days on Market	100	111	155	170	177	278	146
Median DOM	73	91	126	157	108	272	110
Sales to List Price %	96.49%	97.43%	97.52%	97.64%	98.39%	93.95%	97.01%
Sales Currently Pending
Units Currently Available
Absorption Rate (Note 1)	0 years	0 years	0 years	0 years	0 years	0 years	0 years
# of Cash Sales	7	13	9	6	4	5	44
% of Cash Sales to Total	41.18%	17.81%	15.25%	20.00%	25.00%	41.67%	21.26%
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 Did They Buy In 2020?
Durango in Town	5	24	23	5	4	2	63
Durango Rural	5	15	22	22	7	6	77
Bayfield in Town	0	10	2	0	0	0	12
Bayfield Rural	0	15	5	1	0	1	22
Resort Condos & Single Family	6	4	4	2	5	3	24
*The compilation of this data is copyright protected as the intellectual property of Rick Lorenz 2009-2021*
*2021 Sales Compared to 2020 Sales January – March*
	$100K-$199K	$200K-$399K	$400K-$599K	$600K- $799K	$800K-$999K	$1 mil and up	Total
∆ in # of Units Sold	(3)	2	14	16	(2)	16	43
∆ in Units as %	-17.65%	2.74%	23.73%	53.33%	-12.50%	133.33%	20.77%
∆ in Avg Days On Market	9	(13)	(71)	(74)	(22)	(133)	(43)
∆ in Avg DOM as %	9.00%	-11.71%	-45.81%	-43.53%	-12.43%	-47.84%	-29.45%
∆ in Durango in Town Units	(2)	(6)	5	10	(2)	1	6
∆ in Durango in Town as %	-40.00%	-25.00%	21.74%	200.00%	-50.00%	50.00%	9.52%
∆ in Durango Rural – Units	0	7	7	1	1	10	26
∆ in Durango Rural as %	0%	46.67%	31.82%	4.55%	14.29%	166.67%	33.77%
∆ in Bayfield in Town Units	1	(3)	0	0	0	0	(2)
∆ in Bayfield in Town as %	100%	-30.00%	0%	0%	0%	0%	-16.67%
∆ in Bayfield Rural – Units	1	1	3	0	2	0	7
∆ in Bayfield Rural as %	100%	6.67%	60.00%	0%	0%	0%	31.82%
∆ in Resort – Units	(3)	2	2	4	(3)	5	7
∆ in Resort – as %	-50.00%	50.00%	50.00%	200.00%	-60.00%	166.67%	29.17%

Sales data was compiled from the Durango Area Association Of Realtors’ MLS. Only La Plata County Residential sales were used (Does Not Include Farm/Ranch), so any Mancos, Cortez or Silverton sales are not calculated in these figures. Listing totals used to determine Absorption Rate includes “Units Currently Available” on April 4, 2021.