Telluride real estate – 2018 end of year analysis.

    The following data includes all types of real estate, sold within the Telluride Association of Realtor’s market, between January 1 and December 31 of the given years. If you’d like a similar report for a specific type of property, contact me at telluridebroker@gmail.com.

    2018    592 transactions    $ 563 million in sales    Average sale price   $ 951,000
    2017    707 transactions     $ 631 million in sales    Average sale price   $ 892,000

    During the last 12 months we saw a drop in dollar volume of 10.8% and a drop in the number of transactions of 18.4%. Values on the other hand have continued to rise. The common local wisdom believes that last years mediocre snow conditions and lack of inventory, caused the reduction in volume and total dollars spent. 2019 is anticipated to equal last year. With normal snowfall early in the season, we’re anticipating a good winter in terms of real estate sales.

    Like many, our market peaked in 2007 with $ 733 million in 701 sales. Our bottom was hit in 2009 with only 283 sales hitting $ 226M in sales.

    Don’t hesitate to contact me with any questions.  Erik Fallenius 970.708.1954  telluridebroker@gmail.com

    The ski area is in superb condition. Come ski Telluride in 2019!!

     

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