Home Buying in Durango>Question Details

Ali Albayrak, Home Buyer in Charlotte, NC

We are looking to buy a townhouse in Durango as second/retirement home.

Asked by Ali Albayrak, Charlotte, NC Fri May 23, 2008

Our requirements are two bedrooms, great views and attached garage. We prefer new properties. Our budget is around $300,000 /- and we are willing to put down %-30. How is the market in Durango right now and such properties exist?

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3
Realtor Shane Dawson: "..anticipating a great summer sales season.."
OK right. Realtors always anticipate a great summer sales season. They get you feeling you'd better jump in before prices go 'higher'. People in the know realize that prices in Durango are still unusually high, and have not seen the downward price pressure - yet. Sales are down 61% percent because folks haven't come down to reality with their pricing. Wait. It will be worth your while.
0 votes Thank Flag Link Tue May 24, 2011
Yes - but in Durango you will find that 300K doesn't go as far as in some areas. I was recently looking for a townhome patio home as an investment - a few tips. Make sure that if you buy into something like that, that the association fees cover the exterior maintenance. In addition that they have adequate funds for exterior repairs. If this is seasonal for oyu - the snow removal, maintenece for the exterior of the structures can be costly - find a place where they take care of that for you. Also Durango Mountain Resort is not a quick drive to townint he winter months, so try to find something centrally located. Silver Peaks is basic, affordable and a great location as well as Ferringway Condos. This of course is just my opinion, they are affordable and any upgrades can be made to the interiors. Good Luck! PS I have lived in DGO for the past 12 years - hope this is helpful. Shannon
0 votes Thank Flag Link Sun Aug 22, 2010
We are selling our condo in the heart of downtown. Walk everywhere! Without the 2-car garage we are asking 269K Look it up! MLS #632257
0 votes Thank Flag Link Mon Jan 4, 2010
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