Some shifts in 2025! This is a fun map to do, interesting to see some of the changes within specific neighborhoods. (Remember, % changes in the sales volumes can feel overly- sensational when the number goes from 10 to 8 and it shows a 20% swing. I still thought it was worth including that data)
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If it wasn't for a ~$17M sale, overall La Plata County sales price would have been up 3% instead of 3.4%.
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Condos/TH taking a hit everywhere. There's deals to be had out there, just have to check that HOA cost first.
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Looks like the word finally got out on Mancos, sales and median sales prices saw a bump there. Was Falls Creek discovered too?
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What's happening in Durango West 2? A neighborhood normally known for a healthy amount of turnover had a slow year. I wonder if it had something to do with higher list prices? A handful of 7 figure listings in there with no condo sales last year might have contributed to slowing things down.
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Durango Mountain Area, the resort area, ooof! HOA costs continue to rise and affect the "value" of some of those units. Up until 4 or 5 years ago, someone would buy a unit in Tamarron, visit occasionally throughout the year and rent it out the rest of the time and "break even". (As they should, the resort area up there is a good place to have STRs.) For the last couple of months I've been pushing a bit that there are deals out there right now, and it shows in the resort area: 8 sales and 6 under contract last month, a smidge higher than DEC24 and twice as many sales as DEC23. Last year was also rough on snowpack.
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The Durango bubble pushed homebuyers towards affordable markets like Mancos, Forest Lakes and Vallecito, but for some reason DW1 didn't get invited on the bus, despite having a couple more new listings hit in ‘25 vs ‘24.
I'm not supposed to speculate, no crystal ball thing, it's just a great opportunity for me to be blatantly and publicly wrong, but it's fun to consider. I wonder if prices might stay relatively flat for the first half of the year? The logic being that a portion of this inventory that needs to sell is going to sell for less, as those Sellers chase the market and become more motivated to make a deal. When we see that first wave of new listings hit in early Spring, they're going to have to factor in those recent comps, which for the most part probably isn't going to help push price points. Also included in that initial wave of early spring listings are the relists of properties that didn't sell last year and taken off the market over the winter. Is the market value of a listing that came off in October going to be greater, less than, or the same when they go to relist in Spring? It's too early in the year to see how that conversation is going to go.
