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2017 Year End Telluride Market Report

2017 TELLURIDE REAL ESTATE YEAR-END MARKET REPORT

Telluride’s real estate market shows no signs of slowing down as 2017 closed out at a 10-year record high. Dollar volume was up 36% YOY and transaction volume was up 10% YOY indicating the market has built up an appetite for higher-priced properties.

The single-family home market in the Town of Telluride continues to be met with high demand and very limited inventory. This demand has spurred a construction boom not seen in years. A quick stroll through town and you’ll notice heavy machinery and crews on nearly every block. The increase in newly constructed homes has aided in driving sale in town with the number of sales up 11% and total dollar volume up 38%.

Mountain Village, with its ease of access to world class skiing and golfing, continues to trend upwards as well. Most significant was the 46% increase in dollar volume for homes in the Village. The condo market has also seen continued growth with a 27% increase in dollar volume over 2016. Some of the most exciting news affecting this market is the release of Telluride Ski & Golf’s updated comprehensive plan outlining multiple improvements to terrain and infrastructure on the ski resort. These improvements will have an impact on winter and summer activities and although this will impact the entire region, the Mountain Village will be the core of the action and therefore stands to benefit the most. All of this combined with finite inventory in the Town of Telluride will continue to drive value-oriented buyers towards the village.

We saw a 23% increase in dollar volume in the remainder of the county. Stand out neighborhoods include the Ski Ranches and Aldasoro. A dog ban that had been in effect for many years, and likely stifled home values, was finally repealed by the Aldasoro Homeowner’s Association. With an increase in existing home values throughout the region, constructing a new home has become more attractive. This is most evident with vacant land sales in the Ski Ranches increasing nearly 4x when compared to 2016 figures.

Looking forward towards 2018, we believe we will see continued growth in our market. We feel that this growth will be propelled by strong economic conditions throughout the nation and increasingly limited inventory throughout our region. Additionally, our buyer pool continues to grow larger as technological advances are increasingly allowing families to relocate and live in the region full-time. 

READ THE ENTIRE REPORT HERE

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    New Lawson Hill Listing-562 Society Drive

    Why rent when you can own?! Exceptional two bedroom custom home nestled in a quiet and family friendly Telluride neighborhood. The home features high quality construction with custom knotty alder cabinetry, concrete floors and oversized windows to take in expansive views of the Northern Peaks. There is a flex room on the lower level that could serve as a third bedroom, and the property is located within easy walking distance to the San Miguel River, the Valley Floor and the bike path to town. This charming home is the least expensive single family home in the area, and is an absolute must see for locals who qualify to purchase under the R1 Deed Restriction.

     

    Telluride Real Estate-562 Society Drive Lawson Hill

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      SOLD! Sunnyside Ranch Lot 6

      Significant Sale! Our team is proud to have closed on our Sunnyside Ranch lot 6 listing at $2,149,000. Sunnyside Ranch is one of the most exclusive neighborhoods in the Telluride Region. All day sun, massive views, and 35 acre lots in a private gated community are found just minutes away from Telluride and Mountain Village.

      Sunnyside Ranch Lot 6_Telluride_CO

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        Real Estate on Skis

        Join us at the Mountain Village office every Wednesday at 10am as we take to the slopes to take a brief ski tour pointing out available trailside properties. This is a great way to view properties and gain an understanding of how ski access really works. Members our team will be armed with in depth market knowledge and are prepared to answer any questions. All you need to do is bring your own equipment and lift ticket. 

         

        Telluride Real Estate on Skis

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          Merry Christmas!

          Jon, Alex, and Marcin would like to wish you and your loved ones a very Merry Christmas!

           

          Telluride Real Estate Corp.-Merry Christmas!

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            SOLD! 3 Bedroom Telluride Condo

            The Dwight | Martin Team is proud to announce our Buyer's successful closing of a beautiful 3 bedroom, 3 bath townhome in the Town of Telluride. Located in the Owl Meadows complex, this beautifully remodeled unit features luxurious finishes that include radiant in-floor heat, steel accents, cherry floors and cabinets, and stainless steel appliances. Final sales price: $960,000

            TellurideCondos_Owl Meadows