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As the summer selling season comes to a close, we are seeing the dollar volume of sales down only 9% from last year, however, the number of transactions is down 31% in San Miguel County. Not to much surprise, average sales prices in the county have increased 31% YTD over the record-setting 2021. Overall, the dollar volume for the Telluride and Mountain Village markets are down YTD 11% and 7% respectively, yet average sales prices are up 12% and 38%. In general, the Telluride area market now seems to have reached a plateau.
Even as buyer demand has moderated, inventories still have not increased much as most people are very happy with their ownership and are not looking to sell. Limited affordability (exclusivity), low inventory, and moderate demand are…
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Look no further for a cozy, well-appointed condo, right in the heart of Telluride! This top-floor Ballard House unit is ideally located within steps from skiing, hiking, biking, dining and shopping, making it the quintessential home base for any Telluride adventure. Featuring 2 bedrooms with 2 ensuite baths, westerly views, a steam shower, gas fireplace, ski locker, plus central A/C (a rarity in Telluride), this unit is completely turn-key and ready to enjoy.
Offered at $1,650,000
CLICK HERE to learn more.
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Summer is underway in Telluride, as the 4th of July marks the unofficial leap into the season. We’ve seen a lot of early monsoon rains this year, which is a great sign after a dry and windy spring. The San Juan high country is green and popping with wildflowers, creating the perfect backdrop for hiking and biking adventures.
In the real estate world, despite the first decrease in overall dollar volume in recent history, average sales prices are still up 31% in San Miguel County (SMC). Still, it feels like we are on the cusp of a shift in the local market. Obviously, it’s hard to know exactly what that means, but here are the tea leaves we’re reading:
Inventory Continues To Be Low:
Down 50% in Telluride…
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Just minutes from world-class skiing, hiking, shopping, and dining, this beautifully renovated 4-bedroom home is a short bike ride away from Telluride in the highly coveted Hillside neighborhood. The easy-living floorplan includes an open concept kitchen & living area, primary suite on the main level, and a spacious south-facing deck with a hot tub to soak up the sun after a long day on the slopes. Upgrades include new flooring throughout, gas fireplace, custom mantel and accent wall with reclaimed wood from a tobacco farm in Tennessee, a custom kitchen island with wine bar and…
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It's time to put away your skis and start planning your summer adventures in Telluride. Here's an overview of what's going on and some news you may have missed. I love giving recommendations on where to hike, eat, have fun with kids, and more, so please reach out with any questions you may have. I hope to see you in Telluride soon!
Festivals are back! You'll notice the format and venue locations have changed for some.
MOUNTAIN FILM / May 26 - 30 / more info
If you can't make it to the festival, they will be screening films online starting May 31 for only $99.
TELLURIDE BLUEGRASS FESTIVAL / June 16 - 19 / more info
Unfortunately, all tickets are sold-out. But…
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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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Immerse yourself in a world of waterfalls, iconic jagged peaks, & the magnificence of steel & wood intersecting in an architectural marvel…if you’re so inclined. 430 Pandora Lane is situated in a National Park-like setting at the east end of Telluride’s box canyon & provides a front-row seat to two of Telluride’s renowned landmarks, Bridal Veil Falls & Ajax Peak. The home itself is also something to relish - its flawless mountain modern design highlights the preeminent views while ensuring every space is functional & inspiring. A full custom interior from Sage House…
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Putting an offer on a property sight-unseen can be nerve-wracking, but with the right broker in your corner, it can also be the perfect strategy to avoid a bidding war and secure your dream home!
Could you imagine buying a house without ever having set foot in it?
In today’s competitive real estate market (especially in a vacation market like Telluride, where buyers aren’t physically here all the time), sight unseen offers have become incredibly common, and sometimes even necessary. If you’re interested in a type of property that is in high demand, like a ski-in/ski-out condo, it could very well be under contract by the time you’re even able to book your flight to…
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I’m here to share some helpful resources and information about all things real estate & happenings in Telluride, Colorado. If you’re looking to buy or sell in 2022, or even if you’re just planning a visit — let me know and I’d love to chat with you about it!
According to the NAR, 37% of contracts fall through because of repair issues sellers could have addressed before listing their property.
PSA everyone, whether you’re in Telluride or anywhere else! If you’re thinking of selling this spring, don’t let that happen to you. Here's how:
Meet with an agent who…
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