2018 Year in Review Market Update

2018 YEAR IN REVIEW Exclusively with us.

Durango and the Surrounding Areas

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Sotheby’s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Disclaimer Information contained herein has been obtained from sources deemed reliable but cannot be guaranteed. Viewers are encouraged to perform independent due diligence before relying on any content. Opinions expressed are not necessarily that of the franchise or franchisor. Sellers reserve the right to change their product offering without notice. All statistics provided by the Durango Area Association of Realtors Board.

All statistics provided by the Durango Area Association of Realtors Board 1/1/2017 - 12/31/2017

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Table Of Contents

Durango Area..................4

Bayfield Area..................19

Mancos Area...................21

Pagosa Springs Area.......23

Cortez Area.....................25

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Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

A P OWE R FU L STAT EM EN T

Durango All Areas Total Dollar Volume of Residential Transactions over 900K in 2018

$75,142,775

Legacy Properties West Sotheby’s International Realty Total Dollar Volume Participation of Residential Transactions over 900K in 2018

$33,416,550

Percentage Participation (13 Agents)

44% C ONNE CT ING BU YE R S TO SEL L ERS

Total Number of Durango Area Listings Sold by Legacy Properties West Sotheby’s International Realty

100

Representing Both Sides of the Transactions

24 R E PRE SE N TING Q UAL IT Y L I ST I NG RE G AR DL E SS OF PRIC E Percentage of Legacy Properties West Sotheby’s International Realty’s Sold listings Under 500K in Durango

43%

Our Solds in Durango above 450K 1/1/18 - 12/27/18 257 Goulding Creek 110 PEREGRINE 160 Peregrine 3800 County Road 208 247 Burnett Haul 340 Painter Ranch 1301 Florida Road 16295 W HWY 160 610 Red Rock 34 Kennebec 193 Cliffs Edge 2028 & 2030 CR 245 566 Terlun 1201 Main 10434 CR 250 77 Antero 239 Rock Point 316 Cottonwood Creek 200 Sunset 18 Falcon 601 Monarch Crest 12 Championship 237 Pebble 915 County Road 125 50 Tanglewood 102 Latigo 590 Glacier Club 11 Animas 1177 Lake Purgatory 76 Snowslide 304 Trimble Crossing 304 Trimble Crossing 707 Oak 2910 W 3rd 389 Window Lake 375 Trimble Crossing 561 E 3rd 381 Trimble Crossing 124 Porter 52 Edgemont Highlands Pass 76 Gleneagles 4 Winter Solstice 35 Canyon Pines Place 102 Meadowview Dr. 339 Horse Thief 165 Clear Creek 7 Canyon Pines 6148 Highway 550 590 Horse Thief 52 Mid Iron 555 Rivergate 65 Crocus 1908 Forest TBD N HWY 550 122 Estancia 191 Lane 28 Turnberry 2632 W 2nd 54 Turnberry 24 Sheol 961 N Tamarron 65 Columbine 306 Rosalie 4247 Elkhorn Mountain Road

$2,850,000 $2,621,000 $2,300,000 $2,100,000 $1,800,000 $1,525,000 $1,525,000 $1,400,000 $1,358,275 $1,340,000 $1,250,000 $1,225,000 $1,165,000 $1,145,000 $1,090,000 $1,050,000 $1,050,000 $980,000 $945,000 $935,000 $919,000 $899,955 $899,000 $865,000 $832,000 $825,000 $815,000 $790,000 $790,000 $779,000 $768,235 $759,000 $750,000 $740,000 $710,000 $699,000 $685,000 $677,000 $642,000 $640,000 $629,999 $620,000 $615,000 $612,850 $602,000 $600,000 $599,000 $595,000 $590,000 $582,000 $580,000 $580,000 $565,000 $550,000 $530,550 $515,000 $505,000 $490,000 $490,000 $480,000 $462,500 $457,450 $455,000 $450,000

Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

D u r ango In -Tow n - Un d er $ 5 0 0 K # L ist ings S ol d - 2 0 1 8

265

Tot a l S a les Volume - 2018

$87.2M

-10%

Change from 2017

-8%

Change from 2017

Average S a l e Pr i c e - 2 0 1 8

Ac t ive L ist ings - 2018

$330K

422

2%

Change from 2017

-2% Change from 2017

D u r ango Rur a l Are a - Und er $ 5 0 0 K # L ist ings S ol d - 2 0 1 8

218

-19%

Tot a l S a les Volume - 2018

$73M

Change from 2017

7% Change from 2017

Average S a l e Pr ic e - 2 0 1 8

Ac t ive L ist ings - 2018

$333K

381

0%

Change from 2017

-15% Change from 2017

Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

D u r ango Mou nt ai n Are a - Un d er $500K # L ist ings S old - 2018

98

Tot a l Sa les Volume - 2 0 1 8

$19.7M

4% Change from 2017

8%

Change from 2017

Ave rage Sa le Pr ice - 2018

Ac t ive L ist ing s - 2 0 1 8

$202K

158

2%

Change from 2017

-17% Change from 2017

A l l D u r ango L an d Un d er $ 5 0 0 K # L ist ings S old - 2018

161

-23%

Tot a l Sa les Volume - 2 0 1 8

$26.6M

Change from 2017

-23%

Change from 2017

Ave rage Sa le Pr ice - 2018

Ac t ive L ist ing s - 2 0 1 8

$165K

780

0%

Change from 2017

-2% Change from 2017

Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

D ur ango In- Tow n - $ 5 0 0 K to $ 1 M # L ist i ng s S ol d - 2 0 18

94

9%

Tot a l Sa les Volume - 2018

$59.6M

Change from 2017

8%

Change from 2017

Ave r age S a l e Pr i c e - 2018

Ac t ive L ist ings - 2018

$634K

208

-1%

Change from 2017

15% Change from 2017

Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

D ur ango Rur a l Are a - $ 5 0 0 K to $ 1 M # L ist i ng s S ol d - 2 0 18

160

9%

Tot a l Sa les Volume - 2018

$105M

Change from 2017

8% Change from 2017

Ave r age S a l e Pr i c e - 2018

Ac t ive L ist ings - 2018

$658K

377

-1%

Change from 2017

0% Change from 2017

Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

D ur ango Mount ai n Are a - $ 5 0 0 K to $ 1 M # L ist i ng s S ol d - 2 0 18

22

5%

Tot a l Sa les Volume - 2018

$16M

Change from 2017

8% Change from 2017

Ave r age S a l e Pr i c e - 2018

Ac t ive L ist ings - 2018

$732K

68

8%

Change from 2017

-11% Change from 2017

Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

A l l D ur ango L an d - $ 5 0 0 K to $ 1 M # L ist i ng s S ol d - 2 0 18

10

11%

Tot a l Sa les Volume - 2018

$7M

Change from 2017

Ave r age S a l e Pr i c e - 2018

$700K

1%

Change from 2017

12% Change from 2017

Ac t ive L ist ings - 2018

83

-7% Change from 2017

Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

D ur ango In -Tow n - $ 1 M to $ 2 M # L ist i ng s S ol d - 2 0 18

11

0%

Tot a l Sa les Volume - 2018

$13.6M

Change from 2017

7%

Change from 2017

Ave r age S a l e Pr i c e - 2018

Ac t ive L ist ings - 2018

$1.2M

33

2%

Change from 2017

0% Change from 2017

Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

D ur ango Ru r a l Are a - $ 1 M to $ 2 M # L ist i ng s S ol d - 2 0 18

17

-6%

Tot a l Sa les Volume - 2018

$22.5M

Change from 2017

Ave r age S a l e Pr i c e - 2018

$1.32M

1%

Change from 2017

7%

Change from 2017

Ac t ive L ist ings - 2018

82

-8% Change from 2017

Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

D ur ango Mount ai n Are a - $ 1 M to $ 2 M # L ist i ng s S ol d - 2 0 18

4

0%

Tot a l Sa les Volume - 2018

$6M

Change from 2017

7% Change from 2017

Ave r age S a l e Pr i c e - 2018

Ac t ive L ist ings - 2018

$1.5M

33

0%

Change from 2017

-6% Change from 2017

Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

A l l D ur ango L an d - $ 1 M - $ 2 M # L ist i ng s S ol d - 2 0 18

500%

6

Tot a l Sa les Volume - 2018

$8.4M

Change from 2017

638% Change from 2017

Ave r age S a l e Pr i c e - 2018

Ac t ive L ist ings - 2018

$1.4M

48

23%

Change from 2017

9% Change from 2017

Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

A l l D ur ango Are a s - $ 2 M to $ 3 M # L ist i ng s S ol d - 2 0 18

5

150%

Tot a l Sa les Volume - 2018

$12.6M

Change from 2017

17%

Change from 2017

Ave r age S a l e Pr i c e - 2018

Ac t ive L ist ings - 2018

$2.5M

18

17%

Change from 2017

20% Change from 2017

Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

A l l D ur ango L an d - $ 2 M to $ 3 M # L ist i ng s S ol d - 2 0 18

0

0%

Tot a l Sa les Volume - 2018

$0M

Change from 2017

0% Change from 2017

Ave r age S a l e Pr i c e - 2018

Ac t ive L ist ings - 2018

$0M

14

0% Change from 2017

56% Change from 2017

Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

A l l D ur ango Are a s - $ 3 M an d O ver # L ist i ng s S ol d - 2 0 18

1

0%

Tot a l Sa les Volume - 2018

$6.2M

Change from 2017

-49% Change from 2017

Ave r age S a l e Pr i c e - 2018

Ac t ive L ist ings - 2018

$6.2M

33

0%

Change from 2017

0% Change from 2017

Durango Areas Residential Durango In-Town Durango Mountain Area

Jan 2017-2018

Durango Rural (Including Hesperus)

A l l D ur ango L an d - $ 3 M an d O ver # L ist i ng s S ol d - 2 0 18

1

0%

Tot a l Sa les Volume - 2018

$3.5M

Change from 2017

-49% Change from 2017

Ave r age S a l e Pr i c e - 2018

Ac t ive L ist ings - 2018

$3.5M

11

-49%

Change from 2017

-35% Change from 2017

Bayfield Areas Residential Bayfield In-Town Bayfield Rural Vallecito Area

Jan 2017-2018

A l l Bay f ield Are a s - Un der $ 5 0 0 K # L ist ings S ol d - 2 0 1 8

189

Tot a l S a les Volume - 2018

$58M

-6%

Change from 2017

-13% Change from 2017

Average S a l e Pr i c e - 2 0 1 8

Ac t ive L ist ings - 2018

$307K

285

4%

Change from 2017

7.5% Change from 2017

A l l Bay f ield Are a s - $500 K to $ 1 M # L ist ings S ol d - 2 0 1 8

14

16%

Tot a l S a les Volume - 2018

$9.2M

Change from 2017

10% Change from 2017

Average S a l e Pr ic e - 2 0 1 8

Ac t ive L ist ings - 2018

$663K

38

-4%

Change from 2017

-5% Change from 2017

Bayfield Areas Residential Bayfield In-Town Bayfield Rural Vallecito Area

Jan 2017-2018

A l l Bay f ield Are a s - $1M an d O ver # L ist ings S ol d - 2 0 1 8

1

Tot a l S a les Volume - 2018

$1.7M

100%

100%

Change from 2017

Change from 2017

Average S a l e Pr i c e - 2 0 1 8

Ac t ive L ist ings - 2018

$1.7M

14

100%

Change from 2017

16% Change from 2017

A l l Bay fi e ld Are a s L an d # L ist ings S ol d - 2 0 1 8

49

-16%

Tot a l S a les Volume - 2018

$6.8M

Change from 2017

Average S a l e Pr i c e - 2 0 1 8

$118K

45%

Change from 2017

6% Change from 2017

Ac t ive L ist ings - 2018

132

-14% Change from 2017

Mancos Areas Residential

All Areas of Mancos in Montezuma County Jan 2017-2018

A l l Man c o s - Un der $5 0 0 K # L ist ings S ol d - 2 0 1 8

44

Tot a l S a les Volume - 2018

$13.2M

-8% Change from 2017

-4%

Change from 2017

Average S a l e Pr i c e - 2 0 1 8

Ac t ive L ist ings - 2018

$301K

94

4%

Change from 2017

-20% Change from 2017

A l l Man c o s - $500k to $ 1 M # L ist ings S ol d - 2 0 1 8

10

67%

Tot a l S a les Volume - 2018

$6.7M

Change from 2017

96% Change from 2017

Average S a l e Pr ic e - 2 0 1 8

Ac t ive L ist ings - 2018

$670K

33

18%

Change from 2017

-30% Change from 2017

Mancos Areas Residential

All Areas of Mancos in Montezuma County Jan 2017-2018

A l l Manc o s - $1M an d O ver # L ist ings S ol d - 2 0 1 8

2

Tot a l S a les Volume - 2018

$2.9M

100% Change from 2017

Change from 2017

Average S a l e Pr i c e - 2 0 1 8

$1.45M

14%

129%

Ac t ive L ist ings - 2018

18

Change from 2017

6% Change from 2017

A l l Man c o s - A l l L an d # L ist i ngs S ol d - 2 0 1 8

35

3%

Tot a l S a les Volume - 2018

$4.5M

Change from 2017

16% Change from 2017

Average S a l e Pr i c e - 2 0 1 8

Ac t ive L ist ings - 2018

$130K

161

13%

Change from 2017

-14% Change from 2017

Pagosa Springs Areas Residential All Areas of Pagosa Spings Jan 2017-2018

Pa go sa Spr i ng s - Un der $ 5 0 0 K # L ist ings S ol d - 2 0 1 8

377

Tot a l S a les Volume - 2018

$104M

-8%

Change from 2017

-3% Change from 2017

Average S a l e Pr i c e - 2 0 1 8

Ac t ive L ist ings - 2018

$277K

700

5%

Change from 2017

-8% Change from 2017

Pa go sa Spr i ng s - $500k to $ 1 M # L ist ings S ol d - 2 0 1 8

10%

69

Tot a l S a les Volume - 2018

$46.7M

Change from 2017

14%

Change from 2017

Average S a l e Pr i c e - 2 0 1 8

Ac t ive L ist ings - 2018

$677K

232

4%

Change from 2017

18% Change from 2017

Pagosa Springs Areas Residential All Areas of Pagosa Spings Jan 2017-2018

Pa go sa Spri ng s - $1M an d O ver # L ist ings S ol d - 2 0 1 8

11

Tot a l S a les Volume - 2018

$17.3M

-21% Change from 2017

-23%

Change from 2017

Average S a l e Pr i c e - 2 0 1 8

Ac t ive L ist ings - 2018

$1.5M

89

-2%

Change from 2017

9% Change from 2017

Pago sa Spri ng s - A l l L an d # L ist i ngs S ol d - 2 0 1 8

385

-10%

Tot a l S a les Volume - 2018

$27.9M

Change from 2017

Average S a l e Pr i c e - 2 0 1 8

$72K

24% Change from 2017

12%

Change from 2017

Ac t ive L ist ings - 2018

1,389

-14% Change from 2017

Cortez Areas Residential All Areas of Cortez in Montezuma County Jan 2017-2018

A l l C or te z - Un der $5 0 0 K # L ist ings S ol d - 2 0 1 8

51

Tot a l S a les Volume - 2018

$13.4M

-7% Change from 2017

1%

Change from 2017

Average S a l e Pr i c e - 2 0 1 8

Ac t ive L ist ings - 2018

$263K

125

9%

Change from 2017

-13% Change from 2017

A l l C or te z - $500k to $ 1 M # L ist ings S ol d - 2 0 1 8

1

0%

Tot a l S a les Volume - 2018

$505K

Change from 2017

-22% Change from 2017

Average S a l e Pr i c e - 2 0 1 8

Ac t ive L ist ings - 2018

$505K

17

-22%

Change from 2017

42% Change from 2017

Cortez Areas Residential All Areas of Cortez in Montezuma County Jan 2017-2018

A l l C or te z - $1M an d O ver # L ist ings S ol d - 2 0 1 8

0

Tot a l S a les Volume - 2018

$0

0% Change from 2017

Change from 2017

Average S a l e Pr i c e - 2 0 1 8

$0

0%

0%

Ac t ive L ist ings - 2018

3

Change from 2017

-25% Change from 2017

A l l C or te z - L an d # L ist i ngs S ol d - 2 0 1 8

5

-44%

Tot a l S a les Volume - 2018

$638K

Change from 2017

-30% Change from 2017

Average S a l e Pr i c e - 2 0 1 8

Ac t ive L ist ings - 2018

$127K

30

26%

Change from 2017

-29% Change from 2017

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