Durango’s mountain home market shows growth

Durango’s mountain home market shows growth

Builders returning to resort area
Who’s buying second homes

A majority of the county’s second homeowners were empty nesters – couples with children no longer at home.
Most respondents had owned their second homes for less than 10 years. They said they valued Durango’s scenery and surroundings, intended to vacation in the Durango area in coming years and liked the small-town atmosphere.
83 percent of respondents reported spending more than two weeks per year in the county. The largest group – 17 percent – spent one to two months vacationing here.
July and August were the most popular months for second homeowners to visit the Durango area.
Most indicated they would like to visit their second homes more often. Eighteen percent indicated they want to retire here or become a full-time resident.
Source: Region 9 Economic Development District of Southwest Colorado

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