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Sales are strong in the Durango area. Low interest rates are driving this factor for the most part but rates have definitely started to rise. I've got a link to a short video from one of our local lenders, Peter Pritchard with Animas Mountain Mortgage, who explains where rates are today. Click below for the up to date comparisons of the current rates and loan products (7/2/15). By the way, we have several excellent local lenders and I'm happy to send you their contact information so you can compare and find the right fit for you.
And have I mentioned RHA? The Rural Housing Alliance of La Plata County is one of the coolest organizations around! If you're a first time home buyer, or if it's been while and you need a refresher course in today's real estate process, this is right up your alley. RHA offers mortgage assistance and education to La Plata County residents to help reduce the cost of buying a home. So much great information! I'm a volunteer real estate instructor with RHA because I believe it's such a worthy cause.
And one more resource for you. Here is our Coldwell Banker Local Market Study for 2014. What I like about this is that area subdivisions are broken out specifically so you can see the numbers in your neighborhood.
Every month our local real estate board, DAAR, gives us more recent numbers as the year goes forward. The link below will show you stats for May 2015 in La Plata County in general. If you'd like the area to be more specific, such as Durango In Town, Durango Rural, Bayfield Rural, Bayfield In Town, Ignacio, Vallecito, or even the Resort area north of Durango, please let me know and I can send you that information.
Happy July! Have a safe and fun July 4th!
P.S. I'm not endorsing Peter exclusively, but he presents the material and information in an easy to understand way. I relate to graphs and pretty colors. Don't you? However, we have great local lenders that know our area and they have great ideas of which loans work best for each individual's needs.
And lastly, thank you very much...Trish