Telluride Update: April 2015

Telluride Affiliates Blog

Late April 2015

Spring is arriving in Telluride in fits and starts and last weekend brought a bunch of much needed precipitation.

Our real estate market continues to be on track to match 2014 with dollar volume of sales in San Miguel County through the first quarter down 2% from 2014 and number of sales up 2%.

With the change in seasons this is a time when many people are considering either buying a property or perhaps putting another one on the market. We’re always happy to answer any questions you might have about our market and its idiosyncrasies. 

As always, please feel free to stop by the office or contact us online or at 970-728-0213 with any of your real estate questions or needs.

Telluride Update: Late March 2015

Telluride Affiliates Blog

 

End of March

The winter season is winding to a close with a string of beautiful sunny days and excellent spring skiing. There are still a lot of people in town and we expect to be busy right up to closing day.

That said, it’s never too early to start thinking about summer and the Colorado Flights Alliance recently announced an increase in commercial flights to the region for summer 2015, including added service from Los Angeles, Chicago, Houston and Dallas/Fort Worth in and out of Montrose.

Allegiant will extend its twice-weekly flights between LAX and Montrose from winter into summer. United flights from Houston will ramp up from twice-weekly to daily for the height of the summer season. Additional flights from Chicago, Denver and Dallas are also part of the increase. Details are available at www.coloradoflights.com.

As always, please feel free to stop by the office or contact us online or at 970-728-0213 with any of your real estate questions or needs.

 

February Updates

Gus Kensworth - Telluride AffiliatesTelluride has been busy celebrating Gus Kenworthy and his silver medal in men’s ski slopestyle in Sochi. Kenworthy is Telluride’s first home-grown winter Olympian. Way to go Gus! We’ve also been enjoying some excellent skiing right here in the San Juans, thanks to a number of February storms.

Telluride Consulting’s January reports for San Miguel County real estate sales show a strong start to the year with dollar volume up 116% over January of 2013 and number of transactions up 14%. With all the activity we’ve seen this month we expect this trend to continue.

As always, please feel free to stop by the office or contact us online or at 970-728-0213 with any questions you might have about the market or our community in general.

October 2013

Telluride Affiliates Blog

Telluride’s ghouls and goblins have been out since Friday at many of the town’s unique Halloween celebrations. It all comes to an end Thursday with the annual parade and official celebration and then we’re on to winter! There’s already a lot of snow in the high country (and on Gold Hill) and there’s more forecast this week.

If you haven’t already purchased your season pass, the deadline for early bird pricing is this Friday, November 1. For details visit www.TellurideSkiResort.com.

Real estate activity has also continued to be robust with Telluride Consulting reporting almost $34 million in sales in September, a jump of 63% over Sept. 2012, which pulls us ahead of last year’s numbers by 6% for dollar volume YTD and leaves us just 5% behind 2012 in terms of number of sales. That said, some segments of the market are considerably stronger than others. Call or email if you’d like more details.

As always, feel free to stop by the office or contact us online or at 970-728-0213 with any questions you might have.

September 2013

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September has flown by and we had snow in town yesterday morning! It’s only a matter of weeks before we’re basking in the fantastic fall colors and skiing and snowboarding won’t be long after that.

Real estate activity has continued to pick up and Telluride Consulting reported almost $47 million in sales in August, a jump of 56% over August 2012, which brings us about even with last year’s numbers and September looks like it will be another strong month.

There are also a large number of future development projects working their way through the various approvals processes — the Telluride Science Research Center and the Town of Telluride are making progress with negotiations for the facility across from the post office, as is the redevelopment of the Zoline family holdings at the intersection of Pacific and Fir in conjunction with the Meriwether Companies out of Boulder and Los Angeles. There is also a new winter sports academy being proposed by the Next Level Institute-Springbok International School & Sports Academy for Mountain Village. The project’s budget is over $100 million and its campus would be extensive, with a school, dormitory and recreation facility. All of these are still in the early stages, but seeing this type of interest in Telluride and Mountain Village is encouraging.

As always, feel free to stop by the office or contact us online or at 970-728-0213 with any questions you might have.

August 2013

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It’s hard to believe it’s already the middle of August! As usual, Telluride and Mountain Village have been very busy.

Last month the Telluride Historical Museum was named a Smithsonian Affiliate (congratulations) and earlier this month it was announced that Allegiant Air will once again have two flights into the Montrose Airport this winter ˆ one from Phoenix and another from Los Angeles (LAX). Look for more details in future ecards.

Telluride was also named one of the 10 friendliest cities in the US by Conde Nast Traveler (coming in at #8) ˆ click here for more details.

Real estate activity seems to be picking up again after a slight lull mid summer. There are now seven homes under contract in Telluride and five in Mountain Village and condo sales remain steady as well.

Feel free to stop by the office or contact us online or at 970-728-0213.

July 2013

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We’ve had a busy month with the Fireman’s 4th of July Celebration, the Sheridan Opera House’s 100th Birthday and the Annual Ah Haa Art Auction, among many others. The monsoons have also finally arrived and it’s great to have the moisture!

At the Ah Haa Auction a consortium of local realtors and homeowners, including Jim and Virginia, purchased a mixed media piece created by former ski area owner and Mountain Village founder Ron Allred and artist Judy Haas. Allred purchased the ski area in 1978 and the display includes maps of the region and Allred’s words about how the community and landowners came together to create a master regional plan and limit growth. An interesting study some 30+ years later, the piece will be installed in a public venue TBD.

Also last week Telluride Mayor Stu Fraser gave his biannual state of the town address and overall things are looking very promising. Sales tax revenues are up 11% YTD over 2012. Real estate sales through June 30 have not, however, been quite as robust. Currently San Miguel County is trending 6% behind 2012 in terms of dollar volume of sales and 11% behind in number of sales. That said, we anticipate that this gap will close, particularly as sales in Mountain Village increase.

As always, feel free to stop by the office or contact us online or at 970-728-0213.

June 2013

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Last week we had our first Farmer’s Market and next weekend’s annual Bluegrass Festival has been sold out for months.

In May the Galloping Goose, a quirky gas-powered railbus owned by the Telluride Volunteer Fire Department that hauled mail, freight and passengers on the Rio Grande Southern Railroad in the 30s and 40s, returned to Telluride after an extensive restoration. The Goose was one of only seven railbuses built and is now parked just west of the courthouse. Our own volunteer firefighter Jim Lucarelli was on hand for its triumphant return and it is a must-see part of Telluride’s history. Call Jim for a personal tour.

In real estate news there are a number of large deals in the Town of Telluride in the works including a comprehensive redevelopment of the Zoline family holdings at the intersection of Pacific and Fir and a new public/private partnership between the Telluride Science Resource Center (TSRC) and the town for development of a world-class science center on town-owned land across from the Post Office.

As always, feel free to stop by the office or contact us online or at 970-728-0213.

May 2013

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Telluride’s summer festival season begins this weekend with the 35th Annual MountainFilm Festival which brings independent documentary films from around the world to our mountain hamlet. This is one of our favorites and well worth checking out!

Earlier this month Telluride made headlines when U.S. News & World Report named Telluride High School the 4th best high school ˆ and top public school — in Colorado and complete details can be found at www.usnews.com.

Finally, 2013 is a state-mandated county property revaluation year. May 1 new valuation notices were mailed out to all property owners. Please feel free to contact us with any questions you might have about these valuations. Jim specializes in contesting these and this is a service we happily provide for all of our clients.

To reach us, feel free to stop by the office or contact us online or at 970-728-0213.

April 2013

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End of April 2013
The Ski Resort closed April 7th and Telluride is now slowly reemerging from the quietest weeks of “off season.”

While we’ve had fewer visitors in town lately, the real estate market has picked up steam with 30 properties contracting since the ski area closed, including seven homes and two commercial properties in the Town of Telluride and three Tristant/Townhomes on the Creek condominiums in Mountain Village. The Aldasoro Ranch and Idarado subdivisions each have one home under contract as well and late last week a residential lot in Mountain Village closed for $2,150,000.

We’re looking forward to a busy summer in Telluride and, as always, are happy to answer any questions you might have, real estate related or other. Feel free to stop by the office or contact us online or at 970-728-0213.

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