Well, the numbers for May 2012 are in and they were very solid as I had predicted. With a year over year increase in dollar volume of 21% and an increase in the number of transactions by 39%. This excellent news puts our Telluride real estate Year To Date sales figures up 3% over 2011 YTD although the overall number of transactions YTD is down by 10%. This signals that more high-end Telluride properties are transacting when you have a ratio such as this. I am very optimistic that this summer will be very strong with buyers looking to take advantage of several incredible opportunities that have come up, like Cassidy Ridge & Elkstone 21 in Mountain Village and various other Telluride homes and condos that are trading below replacement value. There is significant value in purchasing a brand new Telluride property for less than the cost to reproduce that condo or home. That is a true definition of a deal!
Bluegrass festival is starting this week and our town of 2,500 will swell to nearly 15,000. Get ready to have some fun!