Denise Storm

Broker Associate


September Real Estate News

By Denise Storm - September 13, 2023
REAL ESTATE - DURANGO   Market Resiliency as Inventory Rises Available homes, pending sales and dollar volume are all higher than a year ago at this time, demonstrating a resiliency in the market despite stubbornly elevated mortgage rates. This activity is a clear indication of high demand for homes across the valley and buyers understanding that while pe

Housing Market Forecast For The Rest of 2023

By Denise Storm - August 21, 2023
Housing Market Forecast For The Rest of 2023 What will happen in the housing market for the rest of 2023? Here's what the experts think. Some Highlights Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year

August Real Estate News

By Denise Storm - August 10, 2023
DURANGO - COLORADO - REAL ESTATE   Inventory and Pending Rising! It has been a beautiful summer in Durango. A stormy spring yielded an abundance of wildflowers and great fishing and river activities. True Western Roundup, Animas River Days, Music in the Mountains, La Plata County Fair, and farmer's markets have been summer staples and brought bot

July Real Estate News

By Denise Storm - July 18, 2023
DURANGO - COLORADO - REAL ESTATE   Sluggish First Half The effects of low inventory and higher interest rates have shaped our market through the first half of the year.  Year to date, dollar volume in La Plata County is down 32% while unit sales are down 19%.  There are pockets of the market that continue to demonstrate resiliency and overall, the lo

Why Home Ownership Wins In The Long Run

By Denise Storm - July 03, 2023
Today's higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it's true this year has unique challenges for homebuyers, it's important to think about the long-term benefits of homeownership when making your decision. Consider this: if you know people who bought a home 5, 10, o

June Real Estate News

By Denise Storm - June 26, 2023
REAL ESTATE NEWS | SAN MIGUEL COUNTY   Let Summer Begin! From farmer's markets to festivals, hiking and biking and time on the water, this is a special time of year to enjoy everything the area has to offer. With schools out for the summer and visitors flocking to our market, it's an invigorating time to be part of the community and experience all

May Real Estate News

By Denise Storm - May 11, 2023
REAL ESTATE NEWS | SAN MIGUEL COUNTY   Buyer Demand Up Despite Inventory Challenges…  Closed sales (down from 2022) and market pace is not reflective of buyer demand as low inventory levels continue to put pressure on sales. As a more historic market comes into focus, there should be relief for pent-up demand as inventory levels generally incr

NEW Listing Inventory is LOW compared to Q1 of 2022

By Denise Storm - April 17, 2023
Today's sellers' market holds great opportunities for homeowners ready to make a move. Listing your home now will maximize your exposure as buyer activity continues to increase over the spring and summer months in our market.  The lack of inventory creates a bigger advantage for sellers and has kept prices strong.  In fact, according to  Black Knight, recent mac

Assessed Value of your home

By Denise Storm - April 17, 2023
The County Assessor's office is mailing every property owner their new assessment. This is not new information as it happens every two years as set by Colorado state law. The significance of this year though is that property values have increased at a higher rate during the assessment time frame.   Please consider me a resource.  If you do own property and need a quick opinio

Why Aren't Home Prices Crashing

By Denise Storm - April 13, 2023
  There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people's ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing. Even though we're no longer seeing the b