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2020 Year End Review 4th Quarter Real Estate Statistics

2020, What a year! Overall, in the real estate industry, the unprecedented low interest rates and lack of inventory have kept the market a healthy one and the upward trend continues. The year started out strong. In mid-March however, the world came to a pivotal point which changed all of our lives in so many ways. In the real estate industry, we were unsure how it was going to affect our local market. For a time, physically entering listings was halted and we waited daily to see how new rules would unfold. Eventually, we were able to resume showings with the guidelines that we now consider the “New Normal”. Remarkably, the market remained strong and we saw increased sales throughout the rest of the year. The numbers below show a reflection of almost every segment of the local real estate market with a significant increase in both median price as well as number of units sold. The slight exception to this is shown in the In-Town Bayfield market. The number of units was up over 31%. However, some of the sales noted were lesser priced condos and downtown properties, thus bringing the median price down slightly. The Durango Mountain area saw a huge increase in sales. Inventories which had been on the market for longer periods of time were finally sold. It was as if everyone who had been contemplating buying in the past finally made the decision to do so. In a nutshell, buyers still outweigh the inventory. Supply and demand is what is driving the market. As long as the interest rates stay low, we anticipate a continued healthy market in our future.

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We worked with Gabi to sell our rental property in Durango, CO. We were selling remotely, and Gabi was more than just our agent. She expertly managed all the details needed to get the house ready for sale. She kept us informed of the decisions we ...

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We've worked with Gabi as our agent for both buying and selling homes. I can't recommend her enough. She takes the time to give attention to each client, whatever is required so that the transaction is smooth. She is highly professional, responsive, ...

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Gabi was fantastic to work with. She helped us through the buying process and allowed us to explore many different property types and locations before we found the perfect home to buy. She was incredibly responsive, professional, informative and he...

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Gabi was absolutely wonderful to work with in buying our new home. She was very responsive to all of our questions, emails and texts and gave us excellent advice. Her knowledge of the area and real estate was exceptional.We would definitely use her ...

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Gabi was absolutely wonderful through the entire process of selling our home. She was knowledgeable, thorough, responsive, and professional. She made the process for us so easy. We had a couple hiccups with our buyer in the closing process and Gabi k...

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We recently sold our home with Gabi and because of Gabi's expertise, we had an absolutely seamless experience. She gave us very solid advice and was able to negotiate the selling process in a fair and reasoned manner. We would highly recommend Gabi...

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We're so grateful to Gabi for helping us buy our dream home in Durango, Colorado. She was very knowledgeable about all the neighborhoods in Durango and was able to share a lot of "insider" advice with us, which we so appreciated. She was incredibly r...

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Gabi is awesome! She helped us buy and sell 5 different real estate transactions. She is extremely knowledgeable, courteous and professional. Very easy to communicate with and will keep you informed on everything! We highly recommend her to find you...

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It’s rare that you meet someone in any profession that inspires the level of confidence that Gabi does. Her professionalism, knowledge, and dedication to getting every detail right makes her that person. It has been our pleasure to work with Gabi f...

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There is no realtor out there like Gabi, she is extremely professional and knowledgeable when it comes to real estate. She is not about just making a closing but about making sure the fit is right for you and your family. I would never use anyone els...

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Gabi Bergstrom Durango Real Estate Remax Logo
970.946.7522 GabiBergstrom(at)gmail(dotted)com RE/MAX Pinnacle
1221 Main Ave. Durango, CO. 81301
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