Durango February Luxury Market Report

Dated: February 25 2020

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The Durango single-family luxury market is a Buyer's Market with a 4% Sales Ratio.
• Homes sold for a median of 97.60% of list price in January 2020.
• The most active price band is $900,000-$999,999, where the sales ratio is 25%.
• The median luxury sales price for single-family homes has decreased to $900,000.
• The median days on market for January 2020 was 170 days, down from 179 in December 2019.“How Will the Wealthy Fare in 2020?” is an exclusive report recently published by Wealth-X1, a world leader
in wealth information and insights. Understanding the impacts that affect the wealthy is obviously critical to
luxury real estate as they shape the spending power and ultimately the decisions of the affluent.
The report may be surprising because, despite geopolitical uncertainty and inflamed economic growth, they
predict that 2020 will be “a year of solid expansion for the world’s wealthiest individuals.”
Wealth-X forecast that the global wealthy population will continue to grow with the Very-High Net Worth
(VHNW), whose net worth is valued between $5-$30 million rising quickly, but even more sharply among the
Ultra-High Net Worth (UHNW) with wealth over $30 million.

To get the full report email me directly at kyle@kylekunkel.com

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kyle Kunkel

I am a family man—my beautiful wife Megan, our little girl Anaiah, and our dog Koda are my world. Being a real estate agent in SW Colorado & helping people call this slice of heaven on earth “ho....

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