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All of our snow dances finally paid off with 2.5+ feet of snow falling in Telluride over the last couple of weeks. The skiing has been incredible and everyone is wearing grins from ear-to-ear to kickstart 2023. As we reluctantly get back into the groove of life after the holidays, I wanted to reach out and share Telluride Properties’ 2022 EOY Activity Report (see below). Please let me know if you have questions about the current market and how it affects you. Otherwise, I hope to see you on the slopes soon!
The year 2022 has retreated into our rear-view mirror and the short-term message relative to the Telluride Real Estate Market in early 2023 indicates that mortgage rates may have eased off from their meteoric rise and the buying frenzy of the past two years has subsided.
A snapshot of year-end market data indicates a slowdown in the market evidenced by a retreat in dollar sales volume down 22% (2022 vs 2021) and number of transactions down 38%. Segregating the year-to-date (December) data from 2021 to 2022 within our larger regional markets (Telluride, Mountain Village and the remainder of San Miguel County) reveals declines of 29%, 15% and 25% respectively …
Keep Reading The 2022 EOY Report In other news, the newest issue of our in-house property magazine, Truly Telluride, is out now! Read it at the link below. The next time you’re in town, be sure to grab a copy for your coffee table. They are available at our 3 prime office locations, as well as the Montrose & Telluride airports.
Read Truly TellurideSociety Turn development step continued
Planning board expresses concern over density, hotel proposalThe sprawling application proposes a variety of uses, including office, retail, food and beverage, lodging and flex space; employee housing; a parcel dedicated for a medical center and dedication of land for wastewater treatment plant expansion, open space and trails; and infrastructure.