Telluride Real Estate For Sale

Stewart Seeligson: Telluride’s top broker

 

229 E Serapio Dr, Telluride CO

Magnificent residence in Aldasoro Ranch

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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

135 Polecat Lane

$7,950,000

CURRENT CONDITIONS

For buyers, sellers and investors

OVERALL MARKET

The summer’s record breaking pace continued unabated through October. The first ten months of 2020 outperformed all four quarters of every previous year. It is now certain that 2020 will be the highest performing year ever in the history of the Telluride real estate market. To put things in perspective, 2007 has always been the pinnacle with $524 million in sales. However, through October of 2020 the market sold a jaw-dropping $661 million in property and has over $190 million under contract. Incredibly, the 2020 market may hit the $1 billion mark – an inconceivable outcome only ten months ago.

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. 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 has been nothing short of sensational this year especially in terms of dollar volume and sales price average. The 95 sales have generated a whopping $175 million in dollar volume in ten months which is greater than any entire year performance ever. The average sale price of $1.8 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 October this year, 38 homes sold with an additional 13 homes under contract. Inventory has fallen to 25 homes – a historically low level over the last fifteen years. More than 50% 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 condo segment in Mountain Village struggled to perform in terms of total units sold through the first seven months of the year when compared to 2019. However, an eye-popping number of units contracted during August and September positioning the segment to easily overtake last year and likely setting the best year ever for the segment. Seller’s Market under $2.5 Million. Buyers Market over $3.5 million. One of the most notable stories of the summer is 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 is showing genuine signs of a healthy market. This year should easily be the best year for the segment since 2007. Continued Buyer’s Market.

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Neighborhoods

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Town of Telluride

Mountain Village

Ski Ranches

Aldasoro

Idarado