Tuesday, October 28, 2008


THE DRYSIDE??? The arid western portion of La Plata County, where residents draw drinking water from wells or truck it home in tanks, appears ready to shed the "Dryside" label hung by old-timers.

Next week, ground will be broken on a $6 million intake at Lake Nighthorse southwest of Durango. Treated reservoir water then would be available for residents in a 250 square mile area on Fort Lewis Mesa. The reservoir, part of the Animas-La Plata Project, which is nearly complete, is to start filling in early 2009.

Critical funding for the intake project came from the Southern Ute Indian Tribe and the Ute Mountain Ute Tribe.

It's estimated that the 700 acre feet of water in Lake Nighthorse that is available to the project is enough to serve 3,600 homes on the Dryside.


Thursday, October 23, 2008

THIRD QUARTER STATS: The median sale price for homes in Durango slipped 14 percent during the July 1 to September 30 period, while the number sold dropped 20 percent, and dollar volume fell 23 percent, compared with the same period in 2007.

The median price is the midpoint of all homes sold - where half of the homes cost more and half cost less. As sales of higher priced homes have slowed, the resulting "median price" has come down. Overall the value of real estate in our area has remained remarkably stable when compared to other markets throughout the nation.

We are hearing reports from Arizona, southern California and Las Vegas that these markets have bottomed out and are beginning to mend. If true, it bodes well for our Durango markets. Hopefully by the spring we'll see a return to normalcy.