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 unexpected surge in demand for properties driven by the Covid pandemic continued through August as reflected in the total number of transactions, total sales volume and declining inventory. To put things into perspective, the total dollar volume of sales in the first eight months of 2020 outperformed the ENTIRE YEAR of 2008, 2009, 2010, 2011, 2012, 2013, 2015, and 2016. The only question remaining is whether 2020 will outperform 2007 to be the biggest year of all time for Telluride real estate. In 2007, the market produced $524 million in real estate sales. Through August 2020, the market sold $374 million in property and has over $250 million under contract. These numbers indicate that 2020 should easily be the strongest producing year ever for Telluride real estate.

TELLURIDE

Although the dwindling inventory of Telluride homes constrained the performance of the segment, 2020 is still on track to 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 61 sales have generated almost $125 million in dollar volume in eight months which is greater than any entire year performance ever. The average sale price over $2 million is nearly double 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, 8 additional lots going under contract in August changed the complexion of the segment’s outlook for the year. Despite 16 lots currently on the market, given the strength in the Telluride home market, the lot segment seems ready to pick up even more speed. Neutral Market Overall.

MOUNTAIN VILLAGE

The most homes ever sold in Mountain Village was in 2007 when 40 homes sold. Through August, 22 homes have sold with an additional 16 homes under contract. Inventory has fallen to 36 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. Despite the unexpected step change in demand, the condo segment in Mountain Village struggled to perform in terms of total units sold through the first seven months of the year. The segment now projects to surpass 2019 when only 30 days ago that seemed unlikely. Buyer’s Market over $3.0 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. This year should easily be the best year for the segment since 2007 but has no real chance of outperforming 2007. Despite the significant drop of inventory, the 66 lots on the market provide buyers many choices. Continued Buyer’s Market.

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Neighborhoods

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Town of Telluride

Mountain Village

Ski Ranches

Aldasoro

Idarado