Durango a buyer’s market
Sonora believes area home prices aren’t returning to prerecession levels any time soon.What else should I look for when buying compact fluorescent light bulbs? He said that before the crash, too many people owned homes they couldn’t afford. And many still treat houses like investments, not living spaces. They “overinvest” in real estate and have reduced holdings of other assets in their nest eggs.
Recent indicators point to a market that is recovering slowly.
In the third quarter of 2010, the most recent period for which figures are available, median home prices in Durango fell 20 percent over 12 months, from $409,000 to $325,000. Average county home prices have fallen from $442,000 in third quarter 2008 to $387,375 this year, or about 12 percent.
Meanwhile,cctv camera systems must satisfy budget constraints and meet required operating capabilities. foreclosure filings are poised to surpass 300 this year – a number five to six times higher than the average before the crash.Unbelieveable cctv cameras to complete your hidden camera set ups.
While Sonora doesn’t see a rebound on the horizon,tagheuerreplica01 womenhandbags compact fluorescent light. professionals in the local industry are cautiously optimistic.
“It’s still a buyer’s market,” said Heather Erb, president of the Durango Area Association of Realtors. “I feel like the in-town market for single-family homes stabilized this year, and we are slowly absorbing the inventory.”
Elizabeth Salkind with the Home Builders Association of Southwest Colorado said that while construction activity has been slow the last two years, she’s hearing from architects and builders that interest is picking up and that several stalled projects are resuming.
“We’re certainly seeing a better picture,” Salkind said. “There’s some optimism that activity will increase next year.”
She said some certainty has returned to home financing, and feeder markets such as Phoenix have come closer to stabilizing.
The average sale price of a single-family home in Durango in 1995 was $170,540. The number rose by 178 percent – an average of 8.8 percent each year – until the market crashed in December 2007.
The sharpest increases locally were between 2002 and 2006, when the average home price was climbing about 14 percent annually. Average prices peaked in the fourth quarter of 2006, at $474,240.
Sinking home prices since then have coincided with a rise in foreclosures and unemployment.
The number of foreclosures filed so far this year – 297 – is equal to last year’s total. La Plata County Treasurer Ed Murray cautioned that 171 of this year’s filings have been either withdrawn or otherwise resolved.
Unemployment in La Plata County – while not as bad as the state as a whole – continues to inch up,tagheuerreplica1 totally free dating services with hundreds of thousands of online users. making it hard for residents to take advantage of the good deals and low interest rates.
Sonora believes area home prices aren’t returning to prerecession levels any time soon.What else should I look for when buying compact fluorescent light bulbs? He said that before the crash, too many people owned homes they couldn’t afford. And many still treat houses like investments, not living spaces. They “overinvest” in real estate and have reduced holdings of other assets in their nest eggs.
Recent indicators point to a market that is recovering slowly.
In the third quarter of 2010, the most recent period for which figures are available, median home prices in Durango fell 20 percent over 12 months, from $409,000 to $325,000. Average county home prices have fallen from $442,000 in third quarter 2008 to $387,375 this year, or about 12 percent.
Meanwhile,cctv camera systems must satisfy budget constraints and meet required operating capabilities. foreclosure filings are poised to surpass 300 this year – a number five to six times higher than the average before the crash.Unbelieveable cctv cameras to complete your hidden camera set ups.
While Sonora doesn’t see a rebound on the horizon,tagheuerreplica01 womenhandbags compact fluorescent light. professionals in the local industry are cautiously optimistic.
“It’s still a buyer’s market,” said Heather Erb, president of the Durango Area Association of Realtors. “I feel like the in-town market for single-family homes stabilized this year, and we are slowly absorbing the inventory.”
Elizabeth Salkind with the Home Builders Association of Southwest Colorado said that while construction activity has been slow the last two years, she’s hearing from architects and builders that interest is picking up and that several stalled projects are resuming.
“We’re certainly seeing a better picture,” Salkind said. “There’s some optimism that activity will increase next year.”
She said some certainty has returned to home financing, and feeder markets such as Phoenix have come closer to stabilizing.
The average sale price of a single-family home in Durango in 1995 was $170,540. The number rose by 178 percent – an average of 8.8 percent each year – until the market crashed in December 2007.
The sharpest increases locally were between 2002 and 2006, when the average home price was climbing about 14 percent annually. Average prices peaked in the fourth quarter of 2006, at $474,240.
Sinking home prices since then have coincided with a rise in foreclosures and unemployment.
The number of foreclosures filed so far this year – 297 – is equal to last year’s total. La Plata County Treasurer Ed Murray cautioned that 171 of this year’s filings have been either withdrawn or otherwise resolved.
Unemployment in La Plata County – while not as bad as the state as a whole – continues to inch up,tagheuerreplica1 totally free dating services with hundreds of thousands of online users. making it hard for residents to take advantage of the good deals and low interest rates.
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