I’ve got two different sets of metrics for your analytical pleasure this month. The first is a map of La Plata County showing sales and median sales prices in various neighborhoods and towns. The other shows median sales prices of the rest of Colorado’s resort counties to see how we compare.

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)

  • If it wasn't for a ~$17M sale, overall La Plata County sales price would have been up 3% instead of 3.4%.

  • Condos/TH taking a hit everywhere. There's deals to be had out there, just have to check that HOA cost first.

  • Looks like the word finally got out on Mancos, sales and median sales prices saw a bump there. Was Falls Creek discovered too?

  • 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.

  • 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.

  • 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.

Colorado resort county median sales prices, full year 2025 vs full year 2024
County (resort area) Single family median Change Townhome / condo median Change
La Plata (Durango) $837,450 +6.0% $529,000 -2.9%
Pitkin (Aspen) $8,430,806 +13.3% $2,881,500 -2.7%
Summit (Breckenridge) $1,900,000 -9.5% $789,500 -0.8%
Eagle (Vail) $1,825,000 -1.9% $1,177,500 -10.5%
Routt (Steamboat Springs) $1,570,000 +17.2% $837,500 -2.4%
San Miguel (Telluride)‡ $1,088,000 -68.7% $1,376,000 -12.6%
Gunnison (Crested Butte) $967,500 +1.8% $611,000 -8.1%
Grand (Winter Park) $951,000 -1.1% $626,000 -6.6%

‡ San Miguel County closed 41 single family sales in all of 2025, against 42 in 2024. A swing that size on a sample that small tells you which properties happened to sell, not that a Telluride home lost two thirds of its value.

Data source: Colorado Association of REALTORS® Local Market Update, December 2025, prepared by ShowingTime Plus from the multiple listing services in the state of Colorado, current as of January 6, 2026. Figures are year to date median sales prices for full year 2025 compared with full year 2024, reported separately for single family and for townhome/condo. These reports exclude for sale by owner transactions and some new construction, and do not account for seller concessions or down payment assistance. Because single family and attached housing are reported separately here, these figures will not match a blended all property median for the same county and period. Information deemed reliable but not guaranteed.

Across these eight Colorado resort counties in 2025, La Plata County carried the lowest median sales price in both categories: $837,450 for single family, against $951,000 in the next cheapest county, Grand, and $529,000 for townhomes and condos, against $611,000 in Gunnison. Pitkin County's single family median of $8,430,806 is roughly ten times La Plata's. Single family medians rose in four of the eight counties and fell in the other four, while townhome and condo medians declined in every one of them.

Colorado

  • Decline of median sale prices pretty much across the board. All TH/condo prices took a hit. Wasn’t a fun year to sell those, still opportunities to buy?

  • What in tarnation happened in San Miguel (Telluride) County? Where did the money go?  - Ouray County (includes Ridgway) up 43% in SF sales and 243% in TH/condo sales (new development in Ridgway). Both median sales prices still down.

    Despite being literally off the charts, Pitkin County (Aspen) still managed SF growth, and it didn’t just scrape by either.

  • La Plata County is only just one of few to see single family home growth, and continues to have the lowest real estate prices of the Colorado resort counties.

Durango

  • 44% of all sales between $500K–$1M

  • The single most active band is $500K–$750K

  • $1M+ sales = 32.3% of total transactions

  • Ultra-luxury ($2M+) = 7.5%

  • Entry-level (<$500K) makes up less than a quarter of total sales.

  • 39% of purchases made with cash, same as prior year.2025