Wednesday, July 15, 2009

DURANGO - Statistics for the 2nd quarter have been released by the Durango Area Association of Realtors and, as expected, they indicate our real estate market continues to suffer from the nationwide housing slowdown.

The median sale price of Durango homes dropped 12 percent from $405,000 to 355,000. The number of sales fell by half, from 70 to 35. Homes in the La Plata county also saw declines. The median price of sold properties dropped 16 percent, from $344,975 to $288,300. The number of sales fell from 127 to 102.

With prices declining and favorable interest rates it appears some buyers are coming back into the market. We have been busy. The American Recovery and Reinvestment Act of 2009 expanded the first-time homebuyer credit to $8,000, providing some incentive to stimulate real estate sales.

Tuesday, July 07, 2009

4TH OF JULY in a small town - there's nothing like it. An outdoor breakfast in Rotary Park, arts and crafts in Buckley Park, patriotic readings on Main Avenue, and a KCBS sanctioned BBQ Cookoff; downtown was packed.

The BBQ cookoff, sponsored by the Kiwanis as a fundraiser for the Boys & Girls Clubs, drew 29 cooking teams from as far away as Florida. These were some of the guys you see on the Food Network specials. We spent 2 days preparing and serving chicken, ribs, pork shoulder and brisket to the public and judges. Our team raised over $3,200 for the area clubs.

The celebration was completed by a terrific parade lead by the Westwind Piper Band. Uncle Sam, Clydedales, Freemasons, Harleys and the Ladies and Gents of the Historical Society rounded out the spectacle that ended with a brilliant fireworks display.

Oh, by the way - we placed 6th in Pork Shoulder and 2nd in Brisket. Now THAT'S COOL!