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

1960 W Anderson Road

$1,750,000

CURRENT CONDITIONS

For buyers, sellers and investors

OVERALL MARKET

The first six months of 2019 created concern – 25% off from the same period in 2018. However, very strong summer and fall sales surprisingly propelled 2019 sales ahead of 2018 sales through the first eleven months of each year. Mountain Village Homes, Mountain Village Condos and Telluride Condos have led the way. With $82 million under contract (vs $35 million in 2018) 2019 is likely to pull even further ahead by year-end. November sales totaling $63 million particularly impressed by almost doubling the same period sales of the previous year. Total sales for the the first eleven months of this year equaled $356 million on 199 transactions. Overall, with one of the strongest performing summers and falls on record, 2019 is turning into a very impressive year and will likely be the second strongest year since the Great Recession.

TELLURIDE

With only 16 homes sold thus far in 2019, the Telluride home segment will not be able to match last year’s performance of 25 sales. Demand remains strong but supply is not sufficient to command some of the noteworthy performance levels of the last five years. Sellers Market for properties built in the last ten years under $1,300 per square foot. Through November, the Town of Telluride condo segment almost matched the previous year in terms of units sold, but significantly surpassed last year in terms of total dollar volume of sales. Seller’s Market under $2.5 million. Depleting inventories of lots not yet developed has inevitably sent this segment toward a general downward trend in terms of number of units sold. Seller’s Market under $1.2 million.

MOUNTAIN VILLAGE

After a slow start with only five homes sales in the first six months, 2019 roared back with 18 homes sales over the last five months and another 4 homes under contract. The 47 homes currently on the market represent the lowest level of available inventory in over a decade. Seller’s market under $3 million. Strong Buyer’s Market over $5 million. Despite declining inventory of condos in Mountain Village with asking prices less than $2 million, 2019 has managed to equal 2018 in number of condos sold and edge ahead in total dollar volume.  Seller’s Market under $2.5 million for non hotel-condo units. The Mountain Village lot segment is the only segment in the Telluride region that never recovered from the Great Recession. There remains an abundance of inventory at nearly every price point. Despite a strong overall market, the single-family home lot segment of Mountain Village in 2019 will not match the performance of the previous year. Very Strong Buyer’s Market.

Recent Market Report

Neighborhoods

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Town of Telluride

Mountain Villiage

Ski Ranches

Aldasoro

Idarado