Telluride Real Estate Activity Report: Q1 2022

As we parse through 2022’s first quarter data here at Telluride Properties, we find that most resort markets have seen a decline in the number of sales year-over-year due to a lack of inventory but mixed results for dollar volume of sales. While a few markets such as Jackson Hole may be experiencing dollar volume declines, significant dollar volume increases are still happening in Telluride, Big Sky and Aspen (while the Hamptons remain steady). This may indicate a change as we emerge from the pandemic, where radically low inventories are our own “new normal” (only 5 homes currently available in Telluride and 9 in Mountain Village), causing an overall decline in sales volume while values in these areas continue to rise…

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Telluride Real Estate Activity Report: Q4 2021

The dust has settled on 2021 and it’s another one for the history books! San Miguel County’s real estate sales exceeded 2020’s dollar volume of $1.1b with a new record of $1.4b. That’s exciting news, yet most likely a peak for now. Buyer demand is still very strong; however, current owners aren’t anxious to give up their Telluride retreats without good reason.

Mountain Village continued to lead the market as the number of sales in Town decreased by 25% due to limited offerings. Vacant land sales were bolstered greatly by the lack of inventory in home and condo segments, with sales volume increasing by as much as 99% in certain areas of the county. The upper-end of the market also saw more action in 2021, with 65…

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Telluride Real Estate Activity Report: Q3 2021

Nothing like a pandemic to lift a market! San Miguel County real estate sales have surpassed $1b through the end of September and are on track to eclipse last year’s $1.16b record. Mountain Village and surrounding areas have carried the market, as buyers have come to recognize the attractiveness of values and lifestyle opportunities there. Downtown Telluride sales have slowed, simply because there has been very little inventory. Of recent importance, is the advent of properties contracting over $10m and $20m. No longer are sales over these thresholds considered an anomaly. Telluride is clearly maturing quickly and with its limited supply, suggests continued appreciation.

Despite historically low inventories, we at…

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Telluride Real Estate Activity Report: Q2 2021

As we cross the halfway mark of 2021, the Telluride Region’s real estate market continues charging full speed ahead. As inventories have dwindled over the past year-and-a-half, San Miguel County’s dollar volume of sales has continued to rise, increasing 207% year-to-date over the prior 5 year-to-date average. Amazingly, at $684M, the year-to-date dollar volume of sales has surpassed the yearly totals for the last 10+ years (with the exception of 2020). Due to very limited inventory in Town, we have seen Mountain Village and outlying areas surge, carrying the market.

There is still plenty to buy in today’s market, even though it may not be exactly what you are looking for today. Buying into the market to begin…

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Telluride Real Estate Activity Report: Q1 2021

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Telluride has clearly felt the real estate frenzy ignited by the pandemic. Inventory has hit 30 year lows as evidenced by only 16 homes and condos available for purchase in Downtown Telluride. This does not mean that Town is dramatically changing or that the market does not still have opportunity. Like-minded people still choose Telluride for its sense of community and small-town living. An interesting spin-off from this influx of new people is an increase in intellectual diversity that has led to more collaboration on many fronts including arts, science, economics and more. This next era may lead to a more diversified regional economy, sophistication and global idea exchange.

San Miguel…

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Telluride Real Estate Activity Report: Q4 2020

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Wow, what an unprecedented and unpredictable year 2020 was. Full of heartbreak and turmoil for so many, we in Telluride were reminded time and time again how lucky we are to enjoy the lifestyle provided by our quaint town in the San Juan Mountains. As we reflect on the trajectory of the Telluride real estate market over the past 12 months, it seems that very lifestyle sentiment was the prevailing force in driving an extraordinary influx of demand, as the dollar volume of sales reached all-time highs. In fact, the previous high dollar volume mark set in 2007 at $756.6m was blown out of the water in 2020, increasing more than 50% for a total dollar volume of $1.16b. Incredibly, every month of the year…

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