December Telluride Real Estate Market Update

Posted on
     2012 December Update 
By: Adam Black

Clients, Prospects and Friends,

The snow is finally here! With several recent snow storms having been through Telluride, our base is starting to increase. As the snow is building up, more terrain on the mountain has opened. Lifts 1, 4, 5, 6 & the Gondola are up and running. A big storm early this week left over 8″ of powder and more is in the forecast this week. At this rate all of the mountain will open pretty soon. As of this posting we have a base of 23″  /  20″ in last 7 days  /  9″ in last 48 hours.

 

The World Cup Skiing & Snowboard Cross was just in town and the US team held it down with wins in the Individual and Team Mens Snowboard division, 3rd place in Mens Skiing & 1st in Womens Skiing. This exciting event brings world class racers to town and world wide exposure to our beautiful towns of Telluride and Mountain Village. This was the 4th year in a row Telluride has hosted this World Cup Event , which is well received by the racers & local community. Hope to see them back in 2013! – CLICK HERE FOR TV AIR TIMES/DATES FOR THIS EVENT.

 

The Telluride real estate market has continued to show strong signs of improvement with our sales volume and total number of sales easily pacing for the best year since 2007. I think that says a lot for our resort market. The bottom is well behind us and we are climbing out of the hole. Some areas and complexes are increasing in price, while less and less distressed inventory is available. Demand is continuing to be high and the best deals are moving quick. Everything from bank owned condos, to super high-end ski homes are selling, showing that the recovery is well rounded, not just one segment moving the market. Even land is contracting which is the ultimate sign that the market is improving.

 

November sales finished with a bang! We were up 88% ($27.1 Mill) from last Nov in terms of Dollar Volume of Sales and up 86% from last Nov for total number of sales (41). Our Year to Date numbers are also very strong, with $288.4 Mill in Dollar Volume and 396 total transactions. We will finish up this year with the best numbers since 2007!

 

Send me an email (ABtelluride@gmail.com) if you would like to receive my monthly eNewsletter, with Top Deals, New Listings, Featured Listings, Telluride News and more… Don’t forget to “Like” me on Facebook and use my new and improved TELLURIDE MLS search function. I also have a user friendly mobile Telluride MLS search available – CLICK HERE.

 

Sincerely,

Adam Black
Telluride Properties – On Top of Telluride

ABtelluride@gmail.com

970.729.0568 – cell

www.telluriderealestate.C

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