This week, we have the latest real estate numbers for La Plata County for the month of February. The attached charts show a detailed breakdown of several market segments in La Plata County, showing La Plata County as a whole, Durango In-Town, Durango Rural, Bayfield In-Town, Bayfield Rural, Ignacio In-Town, Ignacio Rural, and Durango Mountain Area.
These charts indicate the statistics and key metrics for single family homes and townhouses/condos, including new listings, sold listings, median sales price, and more. They compare February 2019 to February 2018. We also see the rolling 12 month median sales price for single family homes and townhouses/condos in these segments. We always appreciate these charts to be able to spot trends within our local market, and compare results to previous years.
Overall, the La Plata County single family home market has had a slower February than last February. There were fewer new listings, fewer sold listings, and a lower median sales price. Year to date, we see the same trends, but the variance is minimal, especially for sold listings and median sales price. The La Plata County townhouse/condo market had fewer new listings and sold listings, but a higher median sales price this February compared to February 2018. Year to date, we see fewer new listings and fewer sold listings, but a higher median sales price.
Notably, the Durango In Town townhouse/condo market had a strong February. There were more new listings, a slightly lower number of sold listings, but a higher median sales price this February compared to last.
The Durango Mountain Area townhouse/condo market has seen strong activity this year, thus far. Year to date, there have been more new listings, a comparable number of sold listings and a higher median sales price than through this time last year.
Bayfield In Town single family homes had a strong February. There were more new listings, more sold listings, and a higher median sales price this February compared to February of last year. Year to date, we see more new listings and more sold listings, but a lower median sales price.
These reports are always helpful as they show the variances between the market segments. As we discussed last week, we’ve had a slower start to spring with heavy snowfall, and expect a bit of a delayed spring market. We will be hosting an open house this Saturday at 1422 Animas View Drive—Crimson Cliffs #58, from 10-12. Stop by and say hello! As always, if you have any questions, please let us know.