Lucky Dog Blog

Are We In Another Housing Bubble?

3 Reasons Why We Are NOT
Posted by Gayle R. Webster on February 25, 2021 in  uncategorized
Home values appreciated about ten percent in 2020, and they are forecasted to appreciate by about five percent this year. Some voicing concern that we may be in another housing bubble, like the one before the great recession a little over a decade ago. Here are three reasons why this market is different, even opposite. 1. This time, housing supply is extremely limited The price of any market item is determined by supply and demand, our supply is low and demand is high, and so prices have naturally increased.  ... read more

Moving Can Be Stressful

Some Tips For A Smoother Move
Posted by Gayle R. Webster on February 24, 2021 in  uncategorized
Things you can do ahead of time: Call the utility companies as soon as you know you’re moving. Find a mover right away - they get booked out Plan out your packing supplies. Boxes, plastic wrap, paper for delicates. PURGE everything you don't want to a garage sale, thrifts stores, friends, go through the closets, garage, attic...I promise you have 3x more STUFF than you think. PACK HACKS Don’t empty out your dresser drawers. Just wrap up the dresser itself in plastic wrap. Leave your clothes on the ha... read more

2020 Year End Summary for La Plata County and Looking Forward Into 2021

What Happened in the Market?
Posted by Heather Erb on January 22, 2021 in  uncategorized
Year-end MLS statistics for La Plata County were just released, and as with many areas across Colorado, Durango and La Plata County had an extremely strong year overall. When we look back on 2020, real estate was off to a strong start before COVID-19 arrived at our doorsteps. Sales stalled during the Stay-At-Home Order, then off to the races we went.  The market trends we saw were: an exceptionally high number of both residential and land sales, extremely low mortgage interest rates, and record low inventory t... read more

November Real Estate Market Update For Durango, Bayfield and Beyond.

SW CO living is in High Demand + The Luxury Home Market is Exploding Most of All
Posted by Gayle R. Webster on November 08, 2020 in  uncategorized
2020 3rd Quarter Year-to-date MLS Data Statistics *Disclaimers: Totals do not include Mobile Homes sold without land. Sellers and buyers of real estate continue to be on the move and the Summer/Fall of 2020 is one for the record books. What is the effect of Covid-19 on the market? Remarkably, every category in the market is UP from this time last year except for sales of condos and townhomes (due to a lack of supply). The market started out strong in January 2020 with a big first quarter, showing strong sales in Du... read more
Watch our latest video of what's happening in the La Plata County real estate market.  CLICK HERE... read more