Denise Storm

Broker Associate

August Real Estate News

By Denise Storm - August 10, 2023



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 both locals and visitors together to enjoy the events and build community.

In real estate, positive trends have emerged in the market with active listings and pending sales both trending higher yet remain slightly lower than a year ago at this time. Market activity remains strong with new listings continuing to come to market as we approach the historic peak of inventory to start August. Despite challenges with higher interest rates, buyer demand is significant. New construction and remodeled homes are capturing buyer attention and warranting strong sale prices and continued bidding wars for new and "like new" construction.  

Pricing to the market remains paramount. In all geographic areas and price points, buyers remain selective and critical of price, location, and condition. Properties that have not garnered attention because of condition still have a place in the market - but they need to be priced accordingly.  

If you are interested in learning more about the value of your home or curious about a specific area, please contact me today. The market remains dynamic, and I would enjoy the opportunity to discuss your specific questions and goals.

There is much to enjoy and look forward to - wonderful August events (see below), Oktoberfest, and the annual changing of leaves and fall weather. I hope you have had an opportunity to get out and enjoy everything Durango has to offer!

Statistics are provided by the Colorado Real Estate Network and calculated by area. Call me for information on statistics that are specific to your neighborhood. I also have monthly and quarterly market trend reports that I can schedule you to receive so please let me know if you have an interest in receiving this type of information monthly.



August 18th - 21st August 24th - 26th

Purgatory Resort's Mushroom & Wine Festival is a wildly popular celebration of the bountiful wild mushrooms that can be found right here on the mountain. The celebration features a 5-course dinner with wine pairings. Each course features mushrooms sourced locally by our chef right here in the San Juan Mountains.

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Join us for an exciting musical adventure aboard the historic Durango & Silverton Narrow Gauge Railroad's steam-powered train through the spectacular and breathtaking canyons of the San Juan National Forest. The Blues Train features six live blues performances inside the train coaches with a festive musical environment.

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August 31st - Sept 4th September 9th & 10th

Ride the World Famous Million Dollar Highway, attend the Slippin' Sideways flat track races and T.T. Races. Watch stunt shows including The Brawl, Ives Brothers Wall of Death, and "Twitch" Freestyle MX Jump. Participate in the $25,000 Poker Run, check out the custom builds at one of the bike shows. Visit vendors, take a brand new bike for a spin at the demo trucks. Enjoy live music and so much more! 

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Join the action or come watch as riders take on some of the best downhill trails in the country. The folks at Downhill Rockies are sure to put on an epic race.

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May 26th - Sept 4th

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September 16th

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August 25th - 26th

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September 16th & 17th

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September 8th - October 8th

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October 1st - 31st

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The Berkshire Hathaway HomeServices brand is the most prestigious in real estate, built on the strength and stability of Berkshire Hathaway, one of the most recognizable, respected, and trusted names in the world. The Berkshire Hathaway HomeServices network proudly represents home buyers and sellers as a brand for everyone. Elevating each part of the real estate journey and beyond, while supporting clients every step of the way.


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