Telluride Real Estate For Sale

Stewart Seeligson: Telluride’s top broker

 

229 E Serapio Drive, Telluride

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stewart seeligson top broker

TELLURIDE REAL ESTATE FOR SALE

Stewart Seeligson: One of Telluride’s Top Brokers

Stewart Seeligson’s business education and diverse real estate experience set him apart from other real estate brokers in the Telluride region.

Since making Telluride his home, Stewart has been an active participant in the local community. He is an annual volunteer at the Telluride Film Festival and a board member of the Telluride Young Life. He is also a strong financial supporter of many Telluride charities including the Telluride Rotary, the Aha School, the San Miguel Resource Center, Telluride One-to-One, and the Volunteer Fire Department.
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Featured Listing

100 Stevens Dr

$3,900,000

CURRENT CONDITIONS

For buyers, sellers and investors

OVERALL MARKET

Despite the Covid-19 pandemic, 2020 is off to a very strong start. However, almost all transactions have resulted from activity prior to the announcement of the pandemic and the Telluride Ski Resort unexpectedly closing three weeks early. Most segments have moved to a “Neutral Market” but I expect the primary segments – homes and condos in Mountain Village and the Town of Telluride – to trend back toward a Seller’s Market within the next couple of months. This projection may seem counterintuitive given the current climate caused by the pandemic. I remain confident that the Telluride regional real estate market will start moving again in July and be back on track by fall. When the market gets humming again buyers will find limited choices of homes and condos and in most cases also find Sellers with a similar level of confidence and strength as before the pandemic stalled the market place.

TELLURIDE

Like the Mountain Village Home segment, the Telluride Home segment started off the year very strong in comparison to the previous year. No home sold in Telluride went under contract AFTER the Ski Resort closed unexpectedly. Notably there are currently only 15 homes on the market – the lowest level of inventory in memory. Continued Neural Market. The momentum of the Town of Telluride condo segment remained hot prior to the pandemic announcement with 26 units sold through April. All but one of the condos sold so far this year went under contract BEFORE the Ski Resort closed unexpectedly. Neutral Market Overall. The single family lot segment in the Town of Telluride started the year slowly with only one sale through the first four months. Neutral Market Overall.

MOUNTAIN VILLAGE

Last year’s fall and early winter momentum continued through April with 11 homes sold which dwarfed last year’s metrics across the board. Of the 11 homes sold all but one went under contract BEFORE the Ski Resort closed unexpectedly on March 14, 2020. No homes are currently pending in Mountain Village which is telling of the impact of the pandemic. Neutral Market. Declining inventories of condos in Mountain Village along with a stall in sales activity caused by the pandemic has significantly slowed the Mountain Village Condo segment compared to last year. Neutral Market. The weakness of the Mountain Village lot segment continues due primarily to an abundance of inventory across all price points. The pandemic has only further weakened this segment. A strong rebound in the Mountain Village home segment is needed to provide support for the lot segment. Continued Very Strong Buyer’s Market.

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Neighborhoods

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Town of Telluride

Mountain Village

Ski Ranches

Aldasoro

Idarado