Telluride Real Estate For Sale

Stewart Seeligson: Telluride’s top broker

 

Leopard Creek Ranch

Spectacular 152 Acre Ranch

Search Luxury Real Estate

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.
Learn More

Featured Listing

135 Polecat Lane

$7,950,000

CURRENT CONDITIONS

For buyers, sellers and investors

OVERALL MARKET

The post Covid demand for resort properties drove yet another record breaking month In November and for 2020 on a year-to-date basis. November brought an additional $100 million in sales on 42 transactions driving the first eleven months of 2020 to a staggering $760 million. This year locked down its place in the history books as being the biggest year ever for real estate sales by the end of October. To put things in perspective, 2007 has always been the pinnacle with $524 million in sales for an entire year. Incredibly, the 2020 market flirted with a $1 billion in sales – an inconceivable outcome only eight months ago. Other than record breaking sale numbers, the primary impact of 2020 activity is a dramatic reduction in inventory across all segments which will surely shake up 2021.

TELLURIDE

Although the dwindling inventory of Telluride homes constrained the performance of the segment, 2020 will have its best year ever selling over 40 homes for the first time. That number might reach 50. Buyers have little defense in this segment which should lead to significant price appreciation over the next 12 months. Strong Seller’s Market. The Telluride condo segment is also setting numerous high marks in 2020 both in terms of units sold and total sales volume. The 102 sales have generated a whopping $190 million in dollar volume in eleven months which is greater than any entire prior year performance. The average sale price of $1.9 million is more than 50% greater than the second highest average sale price in any year. Strong Seller’s Market. The single-family lot segment in the Town of Telluride started the year slowly with only a handful of sales through the first seven months. However, sales in late summer and early fall changed the complexion of the segment’s outlook for the year. Only 8 lots remain on the market down from 16 one month ago. Seller’s Market.

MOUNTAIN VILLAGE

The most homes to ever sell in Mountain Village was in 2007 with 40 homes sold. Through November of this year, 45 homes sold with an additional 10 homes under contract. Inventory has fallen to 22 homes – a historically low level over the last fifteen years. Nearly 60% of the homes on the market have an asking price of over $5 million which is a market first. Seller’s Market under $5 million. Buyer’s market over $7 million. The most condos to ever sell in Mountain Village in a single year occurred in 2006 when 85 condos sold. The record will also fall in 2020 with 85 sales already in the books for 2020 and an additional 16 units under contract with 31 days remaining in the year. Seller’s Market under $3 Million. One of the most notable stories of the summer continues to be the awakening of the Mountain Village lot segment – the only segment to never recover from the Great Recession. For the first time since 2007, the notoriously weak Mountain Village lot segment appears to be functioning as a fully healthy market. This year will easily be the best year for the segment since 2007. Despite the significant drop of inventory, the 54 lots on the market provide buyers many choices. Continued Buyer’s Market.

Click Here to Receive a Monthly Market Update

Neighborhoods

View All

Town of Telluride

Mountain Village

Ski Ranches

Aldasoro

Idarado