A new 28-year market analysis, recently published by Telluride Consulting, offers a detailed review of the Telluride region’s cyclical real estate history and offers a positive outlook for 2013.
Statistics compiled in the report suggest a positive real estate trend will continue after a strong 2012.
For the first time since the real estate market took a plunge in 2008, in the region encompassing Telluride, Mountain Village and San Miguel County, 2012 delivered positive news in both the number of sales and the dollar volume of those sales. According to Telluride Consulting’s Judi Kiernan, there was a 16 percent increase in the number of sales in 2012 and a 47 percent increase in the dollar volume of sales over the 2011 numbers.
For the past five years, the compound annual growth rate for the number of sales has increased 7 percent while the total dollar volume for those sales shows an annual growth rate of 2 percent. And despite a slow January, first quarter statistics indicate 2013 will be another positive year in both the number of sales and dollar volume of those sales. So far, 2013 sales and dollar volumes are close to first quarter statistics posted in 2012.
Stewart Seeligson’s business education and diverse real estate experience set him apart from other real estate brokers in the Telluride region.