January 2014 – Telluride Market Update

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The new year is upon us! Hard to believe it’s 2014 already. Telluride and Mountain Village were very busy over the holidays and so was the real estate market. Several notable properties contracted, or closed in the month of December and we should see that trend continue into the first quarter of 2014.

 

CLICK HERE for a link to 2013 Q4 sales   (JC Mesa Ranch with 2,300+ acres sold for $17M)

 

CLICK HERE for a link to Under Contract Properties
(Over $60M under contract)

 

What stands out to me is that properties in all segments of he market are contracting and closing. The Telluride real estate market is becoming more consistent year over year and the recovery is well rounded. Another exciting statistic for the overall market, is that foreclosures in 2013 were down 60% from 2012. The segments that continue to lead the market forward are single family homes in downtown Telluride and condos/townhomes in the Mountain Village. Single family homes in the Mountain Village are the softest segment of the market, but I do expect to see several ski homes contract soon, as the overall showing activity has been very high for the past 3 weeks. Another exciting statistic for the overall market is that foreclosures in 2013 were down 60% from 2012.

 

It would be my pleasure to break down any of these market segments further to show the sold comps and the most attractive options available today. Contact me anytime to discuss Telluride real estate, or Telluride in general. As a 12+ year local, I would be happy to share my insight and knowledge with you. I can also assist in helping you find that perfect vacation rental ensuring your trip goes without a hitch.

 

Some of you may be receiving an email in the next few days inviting you to sign up for a new Telluride real estate search website. This website I have created – adam.searchtelluriderealestate.com is the best property search site I have found and I think you will agree. It’s easy to navigate, provides all details and has large photos for easy viewing. You can set up your own searches with automated emails when new properties come on line, so you can keep you finger on the pulse of the market in real-time just as I do. Please take a brief moment to sign up for this service and let me know what you think.

 

Don’t forget to follow me on social media and use my new and improved TELLURIDE MLS search function. – VISIT MY BLOG for regular updates and the 2013 year end sales figures, which should be out soon.

 

Sincerely,

 

Adam Black
Telluride Properties – On Top of Telluride

ABtelluride@gmail.com

970.729.0568 – cell

www.telluriderealestate.CO

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