Durango Area Association of REALTORS
Real Estate Statistics - 1998 Annual Figures
January 1, 1998 to December 31, 1998

Property Type

Average Price

Median Price

# Sold

Days On Market

High Price

Low Price

IN TOWN HOMES
Durango

191,110

163,500

153

144

540,000

90,000

Bayfield

117,785

115,500

34

160

190,000

49,900

Ignacio

77,667

76,250

6

437

109,000

57,750

Mancos

85,250

80,500

8

139

119,000

71,000

Silverton

103,250

87,000

6

145

205,000

26,500

COUNTRY HOMES
Durango/Bayfield/Ignacio COMBO

205,070

166,400

341

214

1,395,000

32,000

Durango

222,346

182,500

249

216

1,395,000

32,000

Bayfield

155,125

135,000

72

217

515,000

45,000

Ignacio

169,783

145,000

20

182

740,000

75,000

Mancos

188,938

145,250

8

92

505,000

65,000

Vallecito

155,341

157,500

20

234

299,000

44,900

CONDO/TOWNHOMES
Durango

116,629

110,000

77

187

249,900

54,500

Resort

81,786

56,500

48

396

225,000

21,000

LAND (ALL AREAS COMBINED)
Urban

81,587

62,862

36

398

412,000

14,000

Lots Under 1 Acre

41,169

45,000

39

422

72,900

8,500

Under 10 Acres

55,742

40,500

152

277

360,000

3,000

10 to 34 Acres

116,074

90,400

38

209

875,000

23,000

35 Acres or More

164,143

100,000

49

272

650,000

19,500

Farm & Ranch

881,069

429,775

8

458

3,850,000

77,000

BUSINESS & INCOME (ALL AREAS COMBINED)
Business Opportunities

184,793

90,000

11

143

1,200,000

1,200

Commercial/Income

505,325

360,000

20

267

3,500,000

74,000

Commercial Land

239,000

152,500

10

417

700,000

25,000

Commercial Lease

9

9

1

178

9

9

Mobile/Modular - No Land

19,145

16,250

16

142

52,000

3,526

Multi-Family

222,165

182,000

10

226

510,000

150,000

 

 

Total Volume: $176,586,031

Total Transactions: 1111.

This information is provided by the Multiple Listing Service of the Durango Area Association of REALTORS and is based on MLS. Statistics only. Data maintained by the Association or its MLS is deemed reliable but not guaranteed, and may not reflect all real estate activity in the market.

 

Joe Bob McGuire
The Wells Group
901 Main Avenue, Durango, CO 81301
(970) 375-7000 Direct Line
(800) 955-0259 Toll-Free
JoeBob@JoeBob.net

Click here to visit The Wells Group
The Wells Group Real Estate Brokerage - Durango, Colorado