|
La Plata County Residential Sales |
La Plata County Sales - All Types |
| |
2007 |
2008 |
Change in % |
|
2007 |
2008 |
Change in % |
| Total Residential Sales* |
$362,659,189 |
$272,477,941 |
-24.87% |
Total |
$492,699,517 |
$343,737,907 |
-30.23% |
| Average Sale Price |
$403,852 |
$398,942 |
-1.22% |
Average |
$401,875 |
$378,983 |
-5.69% |
| Median Sale Price |
$336,000 |
$333,500 |
-0.74% |
Median |
$315,000 |
$317,000 |
0.63% |
| *Totals do not include Timeshare, or any units sold for less than
$100,000 |
|
|
|
|
| |
|
|
|
|
|
|
|
| La Plata County Residential Sales ~ January 1, 2008
through December 31, 2008 |
| |
$100K-$199K |
$200K-$399K |
$400K-$599K |
$600K-$799K |
$800-$999 |
$1 mil and up |
Total |
| # of Units sold |
85 |
358 |
157 |
49 |
19 |
15 |
683 |
| Avg Days on Market |
143 |
164 |
195 |
205 |
281 |
284 |
178 |
| Median DOM |
90 |
119 |
147 |
141 |
140 |
210 |
125 |
| Units Currently Available |
79 |
372 |
233 |
103 |
61 |
156 |
1,004 |
| Absorption Rate (note 1) |
11.15 months |
12.46 months |
17.8 month |
25.22 months |
38.52 months |
124.8 months |
17.64 months |
| # of Cash sales |
20 |
52 |
18 |
12 |
6 |
6 |
114 |
| % of cash sales to total |
23.50% |
14.50% |
11.50% |
24.50% |
31.60% |
40.00% |
16.70% |
| 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 2008? |
| Durango in town |
52 |
170 |
65 |
15 |
3 |
1 |
306 |
| Durango Rural |
6 |
78 |
64 |
26 |
11 |
8 |
193 |
| Bayfield in town |
0 |
38 |
3 |
0 |
0 |
0 |
41 |
| Bayfield Rural |
9 |
43 |
9 |
1 |
2 |
2 |
66 |
| Resort Condos & Single Family |
6 |
8 |
11 |
7 |
3 |
4 |
39 |
| Resort Fractionals/Timeshares |
17 |
16 |
0 |
0 |
0 |
0 |
33 |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| La Plata County Residential Sales ~ January 1, 2007
through December 31, 2007 |
| |
$100K-$199K |
$200K-$399K |
$400K-$599K |
$600K- $799K |
$800K-$999K |
$1 mil and up |
Total |
| # of Units Sold |
110 |
458 |
205 |
71 |
30 |
24 |
898 |
| Avg Days on Market (Note 2) |
133 |
160 |
180 |
191 |
271 |
229 |
169 |
| Median DOM |
95 |
104 |
122 |
148 |
195 |
109 |
115 |
| Sales to List price % |
96.37% |
97.34% |
98% |
97.40% |
96.32% |
93.05% |
96.87% |
| # of Cash Sales |
21 |
47 |
26 |
18 |
6 |
7 |
125 |
| % of Cash Sales To Total |
19.10% |
10.30% |
12.70% |
25.40% |
20% |
29% |
13.90% |
| Note 2: Average Days On Market is computed from the day property is
listed through the day the sale closes. |
| |
|
|
|
|
|
|
|
| Where Did They Buy In 2007? |
| Durango in town |
54 |
159 |
75 |
21 |
2 |
5 |
316 |
| Durango Rural |
10 |
112 |
90 |
33 |
12 |
11 |
268 |
| Bayfield in town |
2 |
59 |
2 |
0 |
0 |
0 |
63 |
| Bayfield Rural |
5 |
82 |
23 |
4 |
5 |
1 |
120 |
| Resort Condos & Single Family |
24 |
15 |
6 |
9 |
9 |
6 |
69 |
| |
|
|
|
|
|
|
|
| |
|
2008 Sales Compared To 2007 |
|
|
|
| |
$100K-$199K |
$200K-$399K |
$400K-$599K |
$600K- $799K |
$800K-$999K |
$1 mil and up |
Total |
| ∆ in # of units sold |
-25 |
-100 |
-48 |
-22 |
-11 |
-9 |
-215 |
| ∆ in units as a % |
-22.73% |
-21.83% |
-23.42% |
-30.99% |
-37% |
-38% |
-23.94% |
| ∆ in Avg Days On Market |
10 |
4 |
15 |
14 |
10 |
55 |
9 |
| ∆ in Avg DOM as a % |
7.52% |
2.50% |
8.33% |
7.33% |
4% |
24.02% |
5.33% |
| ∆ in Durango in Town Units |
-2 |
11 |
-10 |
-6 |
1 |
-4 |
-10 |
| ∆ inDurango in Town as a % |
-3.70% |
6.90% |
-13.33% |
-29% |
50% |
-80% |
-3.17% |
| ∆ in Durango Rural - Units |
-4 |
-34 |
-26 |
-7 |
-1 |
-3 |
-75 |
| ∆ in Durango Rural - as % |
-40.00% |
-30.36% |
-28.89% |
-21.21% |
-8% |
-27% |
-27.99% |
| ∆ in Bayfield in Town - Units |
-2 |
-21 |
1 |
0 |
0 |
0 |
-22 |
| ∆ in Bayfield in Town - as % |
|
-36% |
50% |
|
|
|
-35% |
| ∆ in Bayfield Rural - Units |
4 |
-39 |
-14 |
-3 |
-3 |
1 |
-54 |
| ∆ in Bayfield Rural - as a % |
80% |
-47.56% |
-61% |
-75.00% |
-60% |
100 |
-45.00% |
| ∆ in Resort -Units |
-18 |
-7 |
5 |
-2 |
-6 |
-2 |
-30 |
| ∆ in Resort - as a % |
-75.00% |
-93.04% |
83% |
-22.20% |
-66.67% |
-33.33% |
-43.50% |
| |
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 January 9, 2009. |
