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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

$1,775,000

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 five months, 2021 is easily outpacing last year over the same time period. Through May, 2021 generated an astounding $453 million in total sales on 211 transactions versus $195 million on 80 transactions over the same period last year. Notably, $125 million in properties were under contract as of the end of May 2021 versus $50 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

Therefore, because of the low level of sales in the first six months of last year due to the pandemic, we won’t have a good idea of how 2021 will stack up against 2020 until the end of the third quarter.

TELLURIDE

Like many segments, the most important statistic concerning the Telluride home segment is the low level of inventory. Only 5 homes were on the market at the end of May compared to 17 on the same date last year. Furthermore, even though a record breaking 15 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 $4.1 million. Strong Seller’s Market. Through the first five 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 17 units. Strong Seller’s Market under $4 million. Buyers market over $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 May. Only 13 homes remain on the market versus 43 at the same time last year. Of those 13 homes on the market, two are not built yet – the Sellers are attempting to presell. Seller’s Market under $6 million. Buyer’s market over $8 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 five months, an incredible 58 units have sold versus only 14 over the same period last year. Seller’s Market under $4 Million. Buyer’s Market over $6 million. Lot sales in Mountain Village are easily outpacing 2020 through the first five months. Neutral Market.

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