THE DRYSIDE??? The arid western portion of La Plata County, where residents draw drinking water from wells or truck it home in tanks, appears ready to shed the "Dryside" label hung by old-timers.
Next week, ground will be broken on a $6 million intake at Lake Nighthorse southwest of Durango. Treated reservoir water then would be available for residents in a 250 square mile area on Fort Lewis Mesa. The reservoir, part of the Animas-La Plata Project, which is nearly complete, is to start filling in early 2009.
Critical funding for the intake project came from the Southern Ute Indian Tribe and the Ute Mountain Ute Tribe.
It's estimated that the 700 acre feet of water in Lake Nighthorse that is available to the project is enough to serve 3,600 homes on the Dryside.
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THIRD QUARTER STATS: The median sale price for homes in Durango slipped 14 percent during the July 1 to September 30 period, while the number sold dropped 20 percent, and dollar volume fell 23 percent, compared with the same period in 2007.
The median price is the midpoint of all homes sold - where half of the homes cost more and half cost less. As sales of higher priced homes have slowed, the resulting "median price" has come down. Overall the value of real estate in our area has remained remarkably stable when compared to other markets throughout the nation.
We are hearing reports from Arizona, southern California and Las Vegas that these markets have bottomed out and are beginning to mend. If true, it bodes well for our Durango markets. Hopefully by the spring we'll see a return to normalcy.
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MORE FROM THE BLOTTER:
Monday:
11:05 p.m. A caller from the 5800 block of Main Avenue said her boyfriend was drunk and
belligerent. He was to spend the night in another room.
11:54 p.m. A caller from the 5800 block of Main Avenue said here boyfriend was passed out in
front of her room.
Tuesday:
11:49 a.m. A man sitting in a red van in the parking lot of Pueblo Community College, 701
Camino Del Rio, had been there since 9 a.m. watching people come and go.
Saturday:
2:00 a.m. A man was in the street screaming and hitting cars in the 2900 block of Richard
Drive. He had been kicked out of his house.
3:45 a.m. A neighbor reported a woman screaming in the 3600 block of 502. A deputy reported
finding a lot of cat hair in the road.
To Be Continued.....
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posted by Durango Real Estate Blog at 8:38 AM
CONSERVATION EASEMENTS: Since 2000, Colorado has encouraged land protection with a generous tax credit to conservation easement donors. The credit, worth 50% of the easement's value (but capped at $375,000), may be used against the donor's taxes or sold to other taxpayer's. Any portion unused/unsold in the year of the donation may be carried forward for 20 years. For 2008 the amount of this credit remains unchanged. However, House Bill 08-1354 has created new rules. Beginning in July 2008, easement appraisers must submit each appraisal, with a $600 fee, to the State for review; and beginning in January 2010, only easement granted to state-certified land trusts will generate a tax credit. The new certification program will begin accepting applications in January 2009.
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CNNMoney.com: In a recent article CNN featured "6 terrific town on the water." Many baby boomers dream of retiring somewhere by the water. CNN recommended a half-dozen places that are on a lake, a river or an ocean that won't sink your retirement budget.
Guess what? Durango was number one on the list.
Durango's name originates from the Basque word for "water town," thanks to the mighty Animas River, which flows almost parallel to our Main Avenue. CNN pointed out vacationers flock here to kayak, fly-fish or enjoy the water views from our many hiking, biking trails or from the network of shady parks along the river.
The Durango lifestyle with our arts community, quality restaurants, farmer's market and the surrounding San Juan National Forest together with our stable real estate economy is a major calling card for individuals seeking the ultimate in retirement location.
If we can assist you in gathering information about Durango give us a call or email. We'll be glad to help.
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Charles & Mary combine over 58 years experience to provide superior real estate services to Buyers and Sellers in Durango and all of La Plata County, Colorado. Experience "The Power of Teamwork"
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