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.
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Last updated May 16, 2014
Rick Lorenz, Broker, CRS, ABR, CLHMS,
CNE Copyright 1999-2014 |
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