Monthly Market Update
Monthly Market Update
Want to keep abreast of what's happening in the Telluride Market? We provide monthly updates on what has come on the market, what has sold and how prices and activity compare to previous years.
July 2008 YTD Sales | # of Sales | Avg. Sq. Ft. | Avg DOM | $ PSF | Average Price |
Town of Telluride Condos | 19 | 1,148 | 290 | $728 | $836,529 |
Town of Telluride Homes | 6 | 2,601 | 292 | $1,002 | $2,606,667 |
Mountain Village Condos | 23 | 2,152 | 372 | $835 | $1,796,786 |
Mountain Village Homes | 8 | 6,019 | 346 | $718 | $4,321,250 |
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July 2008 New Listings | # of Listings | Avg. Sq. Ft. | Avg DOM | $ PSF | Average Price |
Town of Telluride Condos | 9 | 966 | 17 | $746 | $720,989 |
Town of Telluride Homes | 5 | 1,672 | 25 | $1,269 | $2,122,000 |
Mountain Village Condos | 22 | 3,287 | 32 | $911 | $2,995,909 |
Mountain Village Homes | 2 | 4,128 | 33 | $805 | $3,322,500 |
July Update
While July was still a slow market, three home sales in town improved the picture just a bit. We are continuing to see a few more price reductions, but the overall sales price per square foot remains strong.
July New Listings
Vacant Lots: Eight lots in Mountain Village and one lot in town were put on the market in July. In Mountain Village, two ski-in/ski-out lots in Trail's Edge were offered for sale this month, and two lots in Stonegate. Additionally, a beautiful lot on Highlands Way, at the top of Touchdown Dr. came on the market for $1.2 million. In town, a double lot across from Town Park came back on the market for $1.89 million.
Condominiums: Thirty condos were newly offered for sale in July, twenty-two of which are in Mountain Village and eight are in Town. In Town, the best deal offered on a per square foot basis is a large three-bedroom Tomboy penthouse overlooking the high school soccer fields. This condo is back on the market for $899,000.
In Mountain Village, six new Lorian units came on the market range in offered price from $4 to $6 million. This new building is ski-in/ski-out to Double Cabins and boasts every amenity including a pool, spa and gym.
Homes: Seven homes were added to the market in July, five in Town and two in Mountain Village. One particularly attractive home in a quiet setting on Arizona, just to the right after you enter Mountain Village came on the market for $3,450,000. This home has four bedrooms, gorgeous views and an outstanding open kitchen/living area.
In Town, a three-bedroom house on the quiet East side of town was offered for sale for $3,300,000. This post & beam home features European flair and sophisticated design, with beautiful cherry floors and cabinetry throughout. The decks have the best views in Telluride- Bear Creek and the Box Canyon. 
Sales in July
Condominiums: Two condos were sold in Mountain Village in July, one from each extreme on the price spectrum. A new three-bedroom See Forever condo sold for $5 million and an older deed-restricted Fairway Four condo sold for $330,000.
Homes: A four-bedroom house in Mountain Village on Stevens Dr. (just off Benchmark Dr.) sold for $2,875,000 in July. In town, three houses sold for an average of $1,066 per square foot, or an average price of $2,330,000.
For more information on specific properties or the Telluride market in general, contact Henry Lystad at henry@telluride.com
