Overview – The Town of Telluride
The Telluride home segment is beginning the year hot with 15 homes sold or under contract through the first quarter compared to only 7 for the same period last year. Notably, more than half of those homes should close north of $3 million. 15 of the 35 homes currently on the market have asking prices over $3 million.
The Telluride condo segment is the most liquid segment in the Telluride region. The segment has produced an eye-popping 252 units sold over the last three years. Despite relentless pressure on inventory, 2017 is well ahead of last year with 26 sales compared to 17. Just as notable is that the average sale price rose from $900,000 during the first quarter of 2016 to $1.4 million in 2017.
The parcels of land yet undeveloped in the Town of Telluride continues to dwindle as more and more vacant parcels are developed. Only 1 lot in the Town of Telluride sold through the first three months of 2017.View Home Listings View Condo Listings View Land Listings