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 the summer months have to offer. See below for some of our favorite picks of things to do and see in the next few weeks and months.

Making Sense of the Market

Despite the lower numbers and an increase of days on market as reflected in the chart below, real estate fundamentals are reemerging and driving success for buyers and sellers. Well-priced homes that are in great condition before coming to market are receiving attention from a robust buyer pool trying to enter the market or who are making shifts in their current housing here in the valley. Buyers, who are prepared to act quickly in active markets, have been rewarded.

The overall pace of the real estate market continues to lag previous years (to be expected) but primarily it is hindered by inventory and seller's (or potential seller's) concerns about replacement properties if remaining in the area. Market-priced homes continue to attract multiple offers, a clear indication that buyer activity remains strong despite headwinds at a macro-level. For buyers financing, forecasts show that mortgage interest rates should decline over the next 12 months and that may lead to even more activity. Either way, with limited inventory, there is no sign of a marked decline in values. If anything, they are stable though a few pockets of the market have experienced some softening - mostly due to affordability. Contact me today to discuss your specific area of interest or your property's value, and we'll make a plan specific to your needs.   

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.

I am thrilled to invite you to the grand opening ribbon cutting event of our brand new Durango Real Estate Office on Main Avenue! Please save the date for Thursday, July 6th, from 4:00 PM to 7:00 PM, as we celebrate this exciting milestone in our journey.

The event promises to be an evening filled with joy, camaraderie, and networking opportunities. We would be honored to have your presence as we officially open the doors to our new office space, located at 842 Main Avenue.

Thank you for your continued support, and I look forward to celebrating with you at the grand opening ribbon cutting event of our Durango Real Estate Office.

Berkshire Hathaway HomeServices is the only global real estate brokerage franchise that is boldly focused on building a personally connected future through relationship-driven business, with best-in-class leadership, mentorships, business tools and a worldwide network that's committed to making a lasting impact through lifelong relationships. With more than 50,000 real estate professionals and nearly 1,600 offices across 4 continents and 12 countries including, the U.S., Canada, Mexico, Europe, the Middle East, The Caribbean, and India, the network represents more than $154.7 billion (USD) in real estate sales volume. Among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, the network brings to the real estate market a definitive mark of trust, integrity, stability and longevity.