Team Lorenz
By Rick Lorenz, ABR, CRS and his team
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Durango Land Sales History for the Last 34 Years

Year  Average Sales Price Durango 1-10 acres % Change  Average Sales Price Durango 35 acres and up % Change
1977 $21,001   $27,317  
1978 $17,172 -18.2% $32,793 20.0%
1979 $18,504 7.8% $36,366 10.9%
1980 $22,597 22.1% $57,082 57.0%
1981 $22,545 -0.2% $97,988 71.7%
1982 $21,479 -4.7% $43,243 -55.9%
1983 $37,382 74.0% $65,367 51.2%
1984 $30,782 -17.7% $92,971 42.2%
1985 $24,497 -20.4% $75,159 -19.2%
1986 $31,130 27.1% $44,700 -40.5%
1987 $33,228 6.7% $130,950 193.0%
1988 $26,632 -19.9% $89,726 -31.5%
1989 $27,651 3.8% $76,238 -15.0%
1990 $29,196 5.6% $83,000 8.9%
1991 $29,707 1.8% $68,527 -17.4%
1992 $33,878 14.0% $109,418 59.7%
1993 $35,912 6.0% $109,649 0.2%
1994 $36,999 3.0% $121,165 10.5%
1995 $47,897 29.5% $120,768 -0.3%
1996 $49,696 3.8% $141,742 17.4%
1997 $53,492 7.6% $144,147 1.7%
1998 $58,323 9.0% $181,247 25.7%
1999 $66,816 14.6% $187,615 3.5%
2000 See note**   $279,962 49.2%
2001 $69,251   $256,463 -8.4%
2002 $77,339 11.6% $264,412 3.09%
2003 $75,434 2.5% $344,285 30.2%
2004 $86,525 14.7% $333,905 -3.01
2005 $195,000 125.3% $302,500 -9.4%
2006 $190,750 2.18% $338,000 11.74%
2007 $233,875 22.6% $525,000 55.33%
2008 $380,110   $436,600  

                                                                     * January - 1st week of December 2002 statistics only

** Sales figures for the year 2000 are terribly skewed due to the sales of numerous Tamarron lots at $250,000+ each

All of these statistics were taken from The Durango Area Association of Realtors MLS sales statistics and as such would not include any sales accomplished by For Sale By Owner transactions.

 

     

Team Lorenz

Last updated May 16, 2014

Rick Lorenz, Broker, CRS, ABR, CLHMS, CNE
Team Lorenz with The Wells Group
901 Main Avenue, Durango, CO 81301
970-375-7007
800-955-0259 ext.1123
E-mail: Rick@BuyDurango.com

Copyright 1999-2014
All content is copyright protected as the intellectual property of Rick Lorenz

Wells Group Durango