Wednesday, August 09, 2006



2ND HOMES: A recent study of 2nd home owners in the area suggests that many may one day become permanent residents.

The study, funded by a Southwest Colorado quasi-governmental group, found that the owners of 17 percent of single family dwellings and 55 percent of condominiums in La Plata County have mailing addresses outside the county. In the study 3,300 of the 3,600 second-home owners were mailed surveys. Eighty-five percent were returned.

The survey examined second-home owners plans for their properties and their feelings about their communities. Two results from the survey were particularly interesting.

First, many second-home owners hope one day to become permanent county residents. A slight majority said they would like to become full time residents or said they would like to retire in their second homes.

Second, 69 percent of second homes stand empty when their owners are away. The study suggests that most of the 31 percent that are rented out part time or full time are condominiums located near Durango Mountain Resort.

According to the survey results for La Plata County, the largest segment of second-home owners is in the 55 to 64 age group, and a large majority are couples with children no longer at home. Sixty percent of second-homeowners made more than $100,000 per year, though one-fifth made between $50,000 and 74,999 per year. While 45 percent are retirees, 46 percent are employed full time and 12 percent are self-employed.

We can't think of a better place to enjoy a second home than here in the beautiful San Juans. Give us a call or email. We'll help you find just what your looking for.

http://HomesInDurango.com
http://DurangoRealEstate.biz


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