REAL ESTATE NEWS - LA PLATA COUNTY
Opportunities for Buyers in a More Balanced Market
As new listings to the market begin to plateau, pending sales continue their rise with buyers (albeit a bit later in the season than historical norms) absorbing inventory at a steady pace throughout the area.
Unit sales have risen (up 2%), and dollar volume is up by 37%. These numbers should balance out as we end the year as inventory levels are down about 8% compared to 2024. Summer activity was relatively quiet in June and early July but picked-up momentum through August and we anticipate strong activity before the winter season.
Positive news for homebuyers is that home price appreciation has slowed down from the run-up of a few years ago and there is anticipation of a rate cut this month which should lower interest rates for those financing to purchase. Overall, these factors should contribute to a more balanced market and create additional activity.
Although we still have a few formal weeks of summer remaining, we can’t wait for the 25/26 winter season to commence. Purgatory will open on November 16th! Enjoy the transition from summer to fall, it’s a spectacular time here in the valley and throughout the Rocky Mountain region!
Statistics are provided by the Colorado Real Estate Network and calculated by area. Call me for information on statistics that are specific to your neighborhood. I also have monthly and quarterly market trend reports that I can schedule you to receive so please let me know if you have an interest in receiving this type of information monthly.
LOCAL EVENTS
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September 12th
Excited to announce the 7th Annual Durango Devo Film Festival! Discover inspiring local short films highlighting cycling and outdoor adventures in Southwest Colorado. Are you ready to celebrate the spirit of adventure? Join us for a weekend of inspiring stories and community fun!
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September 14th
Join us for Purgatory Oktoberfest on Sunday, September 14th, from 12PM to 4:30PM! Enjoy seasonal flavors, craft brews, stunning views, live music, and a lively atmosphere. Don't miss this fun fall celebration—stop by and experience the fun!
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September 20th - 21st
Discover Durango's vibrant arts scene at the Annual Autumn Arts Festival on charming Second Avenue. Just a block from Main, enjoy over 100 curated arts & crafts booths, live music, local eats, and family-friendly activities. Organized by the Durango Arts Center, this popular event draws thousands of visitors each year. Admission is free! Visit durangoarts.org for details. Will you join us to celebrate creativity and community?
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October 1st - 4th
Experience the heart of the American West at the Durango Cowboy Gathering! Over five days, enjoy performances by cowboy poets and musicians from across the country at venues like the Strater and Doubletree Hotels. The event also brings western stories and songs to local schools, inspiring future generations. For 36 years, our mission has been to preserve Durango’s rich cowboy heritage. Join us in celebrating these timeless traditions and the spirit of the Old West!
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Fall
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May 10th - October 25th
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October 17th-19th
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October 30th
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November 27th
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November 28th
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