Telluride Real Estate For Sale

Stewart Seeligson: Telluride’s top broker

 

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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

$2,000,000

CURRENT CONDITIONS

For buyers, sellers and investors

OVERALL MARKET

The year 2020 set records across most segments and will be a hard act to follow, but 2021 has started off incredibly strong. After two months, 2021 is easily outpacing last year over the same time period. Through February, 2021 generated $117 million in total sales on 62 transactions versus $92 million on 25 transactions over the same period last year. Notably, $200 million in properties were under contract as of the end of February versus $60 million last year. For context remember that 2020 can be broken into three parts:

  • Part 1 – January and February – Pre Pandemic – Strong Sales
  • Part 2 – March through June – Lockdown – Minimal Sales
  • Part 3 – July through December – Pandemic Real Estate Rush – Record Breaking Sales

Because of the record low level of inventories, the only reasonable way for 2021 to match 2020 in terms of total sales volume is for 2021 to sufficiently outproduce 2020 through the first six months and to be able to withstand being outproduced by 2020 in the final six months. Given current inventory levels, it is unreasonable to project that 2021 could match 2020 over the last six months of the year.

TELLURIDE

Like many segments, the most important statistic concerning the Telluride home segment is the low level of inventory. Only 7 homes were on the market at the end of February compared to 24 on the same date last year. Furthermore, even though a record breaking 14 homes sold over the last 12 months or are currently under contract for prices over $6 million, there is not a single home currently available for sale with an asking price over $6 million. Strong Seller’s Market.Through the first two months of the year, 2021 has not been able to match the pace of last year’s condo segment in Telluride. Inventory got as low as 7 units in February but has since risen to double digits. Strong Seller’s Market under $5 million. The 2021 lot market in Telluride is off to a strong start with 7 lots sold or under contract versus only 1 in 2020. Seller’s Market.

MOUNTAIN VILLAGE

More homes sold in Mountain Village in 2020 than in any other year, and so far this year is well ahead of last year’s pace through February. Only 19 homes remain on the market versus 54 at the same time last year. Seller’s Market under $6 million. Buyer’s market over $7 million. Even though more condos sold during 2020 in Mountain Village than in any other year, so far 2021 is crushing last year’s pace. Through two months, an incredible 45 units have sold or gone under contract versus only 9 over the same period last year. Seller’s Market under $4 Million. Buyer’s Market over $5 million. Lot sales in Mountain Village are easily outpacing 2020 through the first two months. Neutral Market.

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Town of Telluride

Mountain Village

Ski Ranches

Aldasoro

Idarado