Leave a Message

By providing Ashley Truitt your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.

Thank you for your message. We will be in touch with you shortly.

Second Quarter La Plata County Stats

Inviting living room in La Plata County, CO with plush seating and ample natural light. (107 characters)

The second quarter and year-to-date real estate statistics for La Plata County show we are experiencing an inventory crunch. Compared to last year at this time, the inventory of listings is down; - 3.4% for single-family homes and -3.3% for condos/townhomes. Because of this reduction, the number of home sales is down -18% in-town Durango, over -30% in Bayfield, and -4.5% overall for the County. Median price increases continue, partially because of the crunch, and stand at 6.4%, or $385,000 for the median La Plata County home.

The resort market is doing extremely well, after many lackluster years of slow gains since the real estate market correction of 2008.

Mortgage rates have been steadily increasing, as the Federal Reserve is confident about the housing market. As it rises, affordability will become more of an issue. If the rate rises 1% from today, a Buyer can afford 10% less home for the same payment. Nationally, the confidence of Buyers remains very high.

Will the 416 Fire have negative effects on real estate sales? Except in a few cases, contracts did not terminate or slow due to and during the worst days of the fire. Remembering the devastating aftermath of the Missionary Ridge Fire of 2002, we experienced no more than a temporary effect in the real estate market. Time will tell if there are side effects of tourism cancellations, especially with second home purchases.

Do you have a question about your neighborhood? Call me for details. As you know, all real estate is local!

Recent Blog Posts

Stay up to date on the latest real estate trends.

Cozy living room in Durango, Colorado with a fireplace, couch, chairs, and table. Large window lets in natural light.

Is Durango, Colorado, a Profitable Area for an Airbnb Business?

Discover what makes Airbnb properties financially successful and why the Durango, Colorado, real estate market may be a prime place to invest in.

Essential tools for home renovation projects: a paint tray and a roller

22 Home Improvement Hacks You'll Wish You Knew Sooner

Unlock the secrets to effortless home improvement with these simple yet transformative tips and tricks.

A snapshot of Durango's culinary delights, featuring diverse restaurants and inviting atmospheres.

9 Best Restaurants in Durango

From luxe steakhouses to pastry shops and seafood houses, Durango's dining scene features a little bit of everything.

Hesperus, Colorado home with stunning interior design, showcasing the potential to boost property value.

How Interior Design Can Boost Property Value

Earn top dollar on your sale by maximizing your home’s design.

Charming houses nestled beneath the majestic peaks of Durango, Colorado.

It Takes a Village to Sell Your Home. Here’s How Ashley Truitt Can Help

Here’s how Ashley Truitt has helped countless clients successfully sell their homes.

Charming Durango, CO neighborhood with vibrant houses and stunning mountain backdrop.

Ashley Truitt’s Ultimate Guide to Selling Your Home in Durango

How to make your selling process as smooth as possible.

Bayfield, CO home with sleek modern design and inviting stairs.

Bayfield, CO, Real Estate Market Price, Trends, & Forecast 2023

Predictions for the 2023 real estate market.

Durango, CO real estate agent guiding clients through the home buying process.

Why a White-Glove Service is a Must for Durango Real Estate Agents

The competitive Durango market demands top-tier customer care.

Inviting living room in La Plata County, CO with plush seating and ample natural light. (107 characters)

Second Quarter La Plata County Stats

The resort market is doing extremely well, after many lackluster years of slow gains since the real estate market correction of 2008.

Work With Ashley

Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give Ashley a call! She is eager to help and would love to talk to you.