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Durango, Colorado Housing Hits New Peaks

Situated in the scenic Rocky Mountains, Durango, Colorado's ideal climate and views are attracting homebuyers and investors who want to enjoy year-round outdoor activities.

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"Durango is one of the best kept secrets in the Rocky Mountains," declares Realtor Erin Beck. "Set in the center of the San Juan and LaPlata mountain ranges, Durango not only offers a rich heritage but also a vibrant living environment. With four distinctly beautiful seasons, Durango offers what many consider to be the ideal climate. Temperatures are generally moderate which allows for the perfect winter skiing adventure and a beautiful summer filled with Rocky Mountain wildflowers. Durango is considered the "Urban Hub" for the Four Corners. Living in Durango offers most conveniences of big-city living while retaining a rural, mountain character."

She advises, "Durango is now the Colorado destination hot spot! Property values have been increasing significantly for the past five years. There has also been a strong secondary home market developing. Durango provides the perfect investment opportunity as well as a chance to live in a true community that can cater to all of your lifestyle needs."

Says Realtor Natalie Miller, "Southwest Colorado, specifically Durango and its surrounding areas, has been growing substantially for the last five years for both full-time residents and investment, second-home buyers. The market here is going absolutely crazy! We have something for everyone -- condos & townhomes at Purgatory, Durango's Mountain Resort, luxury homes that are built to perfection, lakeside cottages that take your breath away, and river-front property you only see in publications! Although Durango is changing, for the better it would appear, it remains to be an incredible place to raise a family!"

"Durango has been growing at a sustainable rate for the last several years," agrees Realtor Joe Burtoni. "Currently, our most activity has been in townhome/condos and vacant lots under ten acres."

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Published: May 3, 2005

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Mortgage Rates
30 Year Fixed: 3.83%
15 Year Fixed: 3.05%
1 Year Adj: 2.73%
(U.S. Weekly Averages)

Today's Headlines 05/03/2005


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