La Plata County Residential Sales
(full year) |
La Plata County Sales - All Types (full year) |
|
2009 |
2008 |
Change in % |
|
2009 |
2008 |
Change in % |
Total Residential Sales* |
$210,159,388 |
$272,477,941 |
-22.87% |
Total* |
$262,377,499 |
$343,737,907 |
-23.66% |
Average Sale Price |
$387,033 |
$398,942 |
-2.98% |
Average |
$411,249 |
$378,983 |
8.51% |
Median Sale Price |
$303,000 |
$333,500 |
-9.14% |
Median |
$299,900 |
$317,000 |
-5.39% |
*Totals do not include Timeshare, or any units sold for less
than $100,000 |
|
|
|
|
|
|
|
|
|
|
|
|
La Plata County Residential Sales ~
January 1, 2009 through December 31, 2009 |
|
$100K-$199K |
$200K-$399K |
$400K-$599K |
$600K- $799K |
$800K-$999K |
$1 mil and up |
Total |
# of Units Sold |
72 |
311 |
93 |
35 |
14 |
18 |
543 |
Avg Days on Market |
189 |
195 |
215 |
285 |
274 |
385 |
212 |
Median DOM |
145 |
143 |
175 |
250 |
209 |
325 |
158 |
Sales to List price % |
93.10% |
96.04% |
94% |
95.02% |
87.90% |
85.52% |
93.30% |
Units Currently Available |
90 |
338 |
191 |
90 |
46 |
99 |
854 |
Absorption Rate (note 1) |
15 month |
12.9 months |
24.6 months |
30.84 months |
39.36 months |
66 months |
18.87 months |
# of Cash Sales |
13 |
41 |
19 |
11 |
6 |
11 |
91 |
% of Cash Sales To Total |
18.00% |
13.18% |
20.43% |
31.43% |
43% |
61% |
16.76% |
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 2009? |
Durango in town |
16 |
106 |
37 |
9 |
1 |
3 |
172 |
Durango Rural |
20 |
89 |
42 |
17 |
9 |
11 |
187 |
Bayfield in town |
3 |
43 |
0 |
0 |
0 |
0 |
46 |
Bayfield Rural |
13 |
44 |
5 |
0 |
0 |
0 |
62 |
Resort Condos & Single Family |
11 |
14 |
4 |
9 |
4 |
4 |
46 |
|
|
|
|
|
|
|
|
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 months |
25.22 months |
38.52 months |
124.8 months |
17.64 months |
Sales to List Price % |
96.56% |
96.76% |
95.98% |
96.50% |
96.15% |
92.71% |
96.05% |
# 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% |
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
The compilation of this data is copyright protected as the
intellectual property of Rick Lorenz 2010 |
|
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 |
(13) |
(47) |
(64) |
(14) |
(5) |
3 |
(140) |
∆ in units as a % |
-15.29% |
-13.13% |
-40.76% |
-28.57% |
-26.32% |
20.00% |
-20.50% |
∆ in Avg Days On Market |
46 |
31 |
20 |
80 |
(7) |
101 |
34 |
∆ in Avg DOM as a % |
32.17% |
18.90% |
10.26% |
39.02% |
-2.49% |
35.56% |
19.10% |
∆ in Durango in Town Units |
(36) |
(64) |
(28) |
(6) |
(2) |
2 |
(134) |
∆ inDurango in Town as a % |
-69.23% |
-37.65% |
-43.08% |
-40.00% |
-66.67% |
200.00% |
-43.79% |
∆ in Durango Rural - Units |
14 |
11 |
(22) |
(9) |
(2) |
3 |
(6) |
∆ in Durango Rural - as % |
233.33% |
14.10% |
-34.38% |
-34.62% |
-18.18% |
37.50% |
-3.11% |
∆ in Bayfield in Town - Units |
3 |
5 |
(3) |
0 |
0 |
0 |
5 |
∆ in Bayfield in Town - as % |
300% |
-11.63% |
-300.00% |
no change |
no change |
no change |
-10.87% |
∆ in Bayfield Rural - Units |
4 |
1 |
(4) |
(1) |
(2) |
(2) |
(4) |
∆ in Bayfield Rural - as a % |
44.44% |
2.33% |
-44.44% |
-100.00% |
-100.00% |
-100.00% |
-6.06% |
∆ in Resort -Units |
5 |
6 |
(7) |
2 |
1 |
0 |
7 |
∆ in Resort - as a % |
83.33% |
75.00% |
-63.64% |
28.57% |
33.33% |
0.00% |
17.95% |
|
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 the '09 and '08
absorption rates, were listings
active on January 7, 2010,
and January 9, 2009, respectively. |