Welcome to the heart of Telluride’s bustling real estate market! As spring break visitors revel in the snowy wonderland, our town is abuzz with excitement – and the real estate scene is no exception.
The latest stats speak volumes: February saw a staggering $92.3 million in sales, marking a substantial 90% and 80% increase over the same month last year. With 36 transactions in total, the market is thriving, especially in Mountain Village, where sales have soared.
But here’s where it gets even more enticing: we’re witnessing a modest uptick in inventory, presenting a golden opportunity for sellers. Values are climbing steadily, and properties are moving fast – a trend we expect to continue as we head into the spring season.
For those eyeing new developments, we have two remarkable projects on the horizon. The Four Seasons, poised to redefine luxury in our region, promises an unparalleled experience. And if you prefer exclusivity, look no further than The Highline Residences – with only 16 slopeside condos, this project is sure to sell out quickly.
But timing is key. Once these properties hit the MLS, they’ll be in high demand. Don’t miss out – reach out to me today to secure your spot.
Whether you’re considering selling, curious about your property’s value, or simply want to chat about all things Telluride, I’m here to help. Swing by my office atop chairlift 1 in Mountain Village or contact 970-729-0568 ABtelluride@gmail.com. www.TellurideRealEstateSearch.com
Here’s to your Telluride adventure!
| In 2023, the prevailing theme for the Telluride Real Estate market was one of scarcity. Scarcity that emboldened Sellers and left many Buyers scratching their heads, even in the face of macroeconomic softening. The simple fact in Telluride is that we still have a significant lack of inventory for a consistent and even growing demand base. Consequently, Telluride area real estate values have largely returned to a steady rate of overall appreciation similar to pre-pandemic trends. The numbers bear this out: in 2023, San Miguel County’s total dollar volume was up 31% over 2019, despite 18% fewer transactions.The lack of inventory underlined a steep decline in number of transactions dropping from a total of 944 trades in 2021 to a modest 445 in 2023, a 53% drop. However, despite being less than half the number of transactions, dollar volume has only fallen 39% in 2023 from 2021. Clearly, Buyers have continued to find value in our market, many becoming happy owners understanding that the “top of the market” is nearly impossible to predict and of course, is always temporary.Looking forward, what is the ultimate result of this protracted period of low inventory? The opportunity and advent of new product in our market.View the complete market report here |
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 The real estate market in San Miguel County had another robust month of sales, maintaining the momentum of the winter season. In February ’24, both the total dollar volume ($92.32 million) and the number of transactions (36) showed favorable increases compared to the previous year. Impressively, the year-to-date figures for ’24 exhibit significant growth in both total dollar volume (an 87% increase) and total number of transactions (a 25% increase) compared to the same period last year. The Mountain Village and Telluride markets are notably busier than they were at this time in 2023. Year-to-date sales in the Mountain Village market have risen from 30 last year to 33 this year, while the Telluride market has seen an increase from 11 to 15 during the same period. Dollar volume in the Telluride market has more than doubled, and in the Mountain Village market, it has increased by 32%. There is a noticeable uptick in the number of properties listed for sale compared to last year. Although the number of existing contracts has decreased slightly from the previous year at this time, the peak of the ski season is approaching, and it will be interesting to observe the market’s performance in the remainder of the first quarter. Given the underwhelming performance of the first quarter in 2023, even a modest improvement in 2024 should be achievable . |
