Forest Service’s Trimble Lane property sells for nearly $1.7 million

An undeveloped piece of property in the Animas Valley owned by the U.S. Forest Service sold for nearly $1.7 million this week – money that will be used to fund a new office in Bayfield. Bidding...

DATE: Aug. 24, 2019 | CATEGORY: Local News

Restaurateur’s real estate firm files bankruptcy

Mondorivoli, the real estate holding company of Durango restaurateur Jean-Pierre Bleger, has filed for bankruptcy in U.S. Bankruptcy Court seeking reorganization under Chapter 11. Kenneth Buechler,...

DATE: July 22, 2019 | CATEGORY: Business

Home sales decrease in La Plata County, Durango

The number of homes sold in La Plata County and Durango continues a multi-year decline in most categories, while median and average prices appear to be plateauing, at least temporarily, according...

DATE: July 18, 2019 | CATEGORY: Local News

Spanish Trails Inn & Suites gets a remodel

Spanish Trails Inn and Suites might not seem like the most promising site for a business investment in Durango. But John Hazen, who purchased the old north Main Avenue inn in August 2018 for $2...

DATE: July 14, 2019 | CATEGORY: Business

Forest Service puts vacant land in Animas Valley out for bid

Let the bidding begin on an estimated 20 acres of prime undeveloped U.S. Forest Service land in the Animas Valley. A few years ago, the Forest Service announced its intent to sell the mostly...

DATE: June 24, 2019 | CATEGORY: Local News

How to find financing help if you’re a self-employed buyer

The ability for the self-employed to secure financing has always been a challenge. There are two primary reasons for this. Self-employed buyers typically are very conservative when reporting their...

DATE: May 5, 2019 | CATEGORY: On Real Estate

US home prices rose 3% year over year in February

WASHINGTON – U.S. home prices increased at a slower pace in February, a sign that several years of outsized gains in home values have created affordability challenges in many metro areas. The S&P...

DATE: May 2, 2019 | CATEGORY: Business

La Plata County real estate values see slight increase

The median value of homes in La Plata County increased by 0.5% in the first quarter of 2019 compared with the same period last year, powered in part by a more than 20% increase in median value for...

DATE: April 17, 2019 | CATEGORY: Local News

Fun Center moving into Shooters’ World space

A business move is set to happen in the next month in Cortez, when the Dolores-based Fun Center moves into the space that has been occupied by Shooters’ World. The move comes as Shooters’ World...

DATE: April 5, 2019 | CATEGORY: Business

Durango train purchases building, prompting two businesses to relocate

Durango Smoke Shop, a mainstay downtown business, will relocate this summer after the Durango & Silverton Narrow Gauge Railroad purchased a downtown building to consolidate offices. The railroad...

DATE: March 28, 2019 | CATEGORY: Business

Tourism boosts homes sales, real estate experts say

A good snowpack not only helps Purgatory Resort, spring rafters, farmers and ranchers, it helps Realtors, too. “Farmers say we need about 140 percent of snowpack to get out of extreme drought, and...

DATE: March 13, 2019 | CATEGORY: Local News

Average U.S. mortgage rates fell this week

WASHINGTON – U.S. long-term mortgage rates dipped this week to the lowest average in more than a year, providing a possible boost to the start of the Spring homebuying season in March. Mortgage...

DATE: Feb. 21, 2019 | CATEGORY: Business

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