Telluride real estate
Recent information on sales volume in Telluride from the Telluride Asoociation of Realtors:
September was the busiest month, in terms of total dollar volume of real estate sold, since June of 2000 with 103 closings totaling $64,107,783. The next highest month this year was October with 82 closings totaling $46,496,723. While July and August were about average,with 55 closings totaling $23,132,266 and 52 closings totaling $19,354,250 respectively, September and October showed what a busy summer real estate season the Telluride region experienced.In addition, year to date total dollar volume numbers show the market is ahead of 2002 by 17% and 2001 by 9%
.
Jan.-Oct.2003 $303,934,641
Jan.-Oct.2002 $250,921,446
Jan.-Oct.2001 $274,998,357
September details Residential single family homes showed the largest total dollar volume in a single month this year with $29,751,000 accounting for 46%of the total dollar volume in September.Five homes in Mountain Village priced from $2.3 to $5.5 million, and totaling $17,795,000,account for 61% of those single family home sales. Homes in the town of Telluride and the Ski Ranches ranging from $699,000 to $1.5 million account for another 30%of single family home sales while homes in Lawson Hill, Ridgway, Ouray, Hastings Mesa and the West End ranging in price from $65,000 to $415,000 make up the remaining 9%.
Condominium sales also showed the largest dollar volume so far this year with $18,252,742.In addition, they were 44%higher than the highest month of 2002 which was May with $10,104,000. Accounting for 43%of these sales was Bear Creek Lodge in Mountain Village with 13 sales averaging $594,784 and totaling $7,732,200. The Lodge was converted from fractional ownership to whole ownership condos this summer and since then 34 of the 38 units have either sold or been placed under contract. In the Town of Telluride, 14 condos totaling $6,383,542 for an average price of $455,967 were sold accounting for 31%of condo sales.The Plaza in Mountain Village also had 2 sales in September,at $1,350,000 and $2,150,000.The average price of a condo rose to $570,398 from September of 2002 when the average price was $440,259. Land also showed the largest total dollar volume so far this year with $13,273,541 from 38 sales. The largest sale was $3,510,500 for a 70+acre subdividable parcel in Ridgway.In the $325,000 to $900,000 range there were 8 parcels sold on the mesas surrounding the Telluride region,5 sales in Mountain Village and 1 in the Town of Telluride for a total of $7,554,225.
The remaining $2,208,817 came from 23 lot sales,located mostly in the Ridgway area, ranging in price from $31,000 to $185,000. October details October was the second strongest month to date this year,with residential single family homes remaining on top at $24,615,680 and accounting for 53% of October's '$46,496,723 in total dollar volume. The largest sales this month were a Mountain Village home for $5,700,000,followed by a Preserve