Telluride Real Estate For Sale

Stewart Seeligson: Telluride’s top broker

 

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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

$7,450,000

CURRENT CONDITIONS

For buyers, sellers and investors

OVERALL MARKET

The year of 2020 was undoubtedly the wildest ride in the history of the Telluride real estate market. Strong January and February sale performances succumbed dramatically when Governor Polis shut down all ski resorts across Colorado on March 14, 2020. With the onset of nationwide lockdowns, the year was presumed lost. Properties under contract fell out. Sellers showed new motivation. April, May and June produced relatively few sales. And then the extraordinary happened. In early summer, demand for resort real estate rose to previously unseen levels. New buyers flooded into the Telluride region snatching up condos and homes at an unprecedented rate. When inventories of improved properties waned, buyers turned their attention to vacant land. A historic run on Telluride real estate commenced across all segments depleting inventories and pushing prices skyward. Sales records were set across almost all segments which ultimately produced the single highest performing year of all time for the nearby Telluride region. Impacts of this historic rush on real estate will be felt for many years to come. Low levels of inventory combined with continued high levels of demand are likely to push prices steadily higher for the foreseeable future.

TELLURIDE

More homes sold in the Town of Telluride than in any other year on record. The 50 home sales eclipsed the previous record of 37 sales in 2014. Of the 50 homes sold, a record breaking 10 closed for over $6 million. Sales pushed inventory to a paltry 11 homes nearly 50% of which have asking prices in excess of $5 million. Strong Seller’s Market under $6 million. More condos sold in the Town of Telluride than in any other year. The 118 condos sold easily surpassed the 100 units sold in 2017. The $200 million in sales volume was inconceivable only a few years ago. Inventory levels are scant with only 8 units on the market. Strong Seller’s Market under $3 million. No records were set in the single-family lot segment in the Town of Telluride as the overall number of undeveloped lots continue to dwindle. Seller’s Market.

MOUNTAIN VILLAGE

More homes sold in Mountain in 2020 than in any other year. The 52 sales easily surpassed the 40 homes that sold in 2007. Of the 52 homes sold, 9 closed for over $6 million and 4 closed for over $7 million. The record sales drove inventory to their lowest levels in at least 15 years. Just over 60% of the homes currently 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. More condos sold during 2020 in Mountain Village than in any other year. The 100 condo sales generated $146 million in sales proceeds which also set a record. More than 70% of the sales were for less than $2 million and only 7 units sold for more than $3 million. Of the 27 condos on the market, only 9 have asking prices north of $2 million. Seller’s Market under $3 Million. More lots sold in Mountain Village than any other year with the single exception of 2006 when 63 lots sold. Lot inventory fell below 70 units for the first time since the Great Recession. Continued Buyer’s Market.

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Town of Telluride

Mountain Village

Ski Ranches

Aldasoro

Idarado