Rick's Random Thoughts on Durango Real Estate and Things

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RECENT BLOG POSTS
2019 saw a very slight increase (2.4%) in the total dollar volume of residential sales in La Plata County. The number of units sold essentially stayed the same with 1,105 units sold in 2018 and 1108 units sold in 2019. The interesting number is the decline in total dollar volume for “all types of...
01/17/2020
Total Residential Sales volume year-to-date for this year increased by 5.17% over last year while the number of units sold increased by 9 homes which was only a 1.08% increase. That figure in number-of-units-sold continues the trend that began about three years ago of reasonably flat sales. For i...
10/18/2019
25% Increase in Average Sales Price since 2015Durango real estate prices have certainly seen some changes in the last couple of years. I recently did a study of Durango real estate sales statistics for Durango in-town homes sold during 2015 and 2016 and 2017 (not counting Three Springs Subdivisio...
02/16/2018
We just held our 14th annual Team Lorenz Client Appreciation Party a little over a week ago at the Allen theaters here in Durango. As usual, it was a "food drive" for the Durango Food Bank and we raised nearly 1400 pounds of food and $325 in cash donations for those who so often need help getting...
12/27/2017
In today’s Durango real estate market, there are several possibilities for people with little or even no down payment. FHA loans are available with just 3.5% down payment. Some loans require only 1% down payment. Through the HomesFund of Southwest Colorado, there is even some money available to m...
11/14/2017
Wells Group Real Estate Forecast-You’re InvitedFor the 15th year, the Wells Group Real Estate Brokerage will be putting on our annual Real Estate Forecast. This year’s date is Wednesday, March 22 and it will be at 6:00 PM at the Fort Lewis College Concert Hall. Typically, 300-400 people attend th...
03/07/2017
Comparative La Plata County Residential Sales Statistics 2015 vs 2016 first 9 months.  As many of you know I do a very thorough analysis of the residential real estate sales statistics in La Plata County (that would include Durango, Bayfield, Ignacio and the unincorporated portions of La Plata Co...
10/10/2016
Florida River Frontage-Durango ColoradoNearly every week we get buyers coming into our office looking for riverfront or stream front property. We are proud to say that we have a 4 plus acre parcel that adjoins the Florida River and overlooks the pond that is located in this small development's co...
10/10/2016
Are you interested in Lake Nighthorse views in Durango Colorado? This 36 acre parcel actually adjoins The Bureau of Reclamation land that surrounds the lake. Located in the very upscale Estates at Trappers Crossing, neighboring homes are in the million dollar plus price range. This particular lot...
10/10/2016
As is my custom 4 times per year, I have compiled the Durango comparative real estate statistics for 2016 vs 2015 for the 1st 6 months of each year. Overall sales volume is almost unchanged this year compared to last but the 2 price brackets with increases in number of units sold this year are th...
07/12/2016
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RickLorenz

REALTOR Emeritus, CRS, ABR, CyberStar, CNE, E-Pro
local_phone(970) 375-7007
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Durango Real Estate Blog, by Rick Lorenz

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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."