Telluride Update: Late August 2015

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Summer may be winding down but things continue to be busy in Telluride. Pretty Lights plays in Town Park this weekend and Labor Day Weekend is Film Festival.

Real estate sales are again outpacing last year with dollar volume of sales in San Miguel County through July up 11% from 2014 and number of sales up 9%.

We’re always happy to discuss the market in more detail, so please feel free to stop by the office, visit our website or contact us online, or call 970-728-0213 with any of your real estate questions or needs.

Telluride Update: Late July 2015

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Last week the Telluride Ski & Golf Company closed a deal to assume management of the Peaks Resort & Spa in Mountain Village. The Ski Company also purchased over 73,000 square feet of commercial space in the Peaks building. The hotel features 177 guest rooms, a 42,000 square foot spa, indoor and outdoor swimming pools and numerous meeting facilities and space.

Real estate sales also continue on pace with last year with dollar volume of sales in San Miguel County through June up 1% from 2014 and number of sales up 5%. The Town of Telluride remains the most active segment of the market but there is activity in almost all segments of the market.

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

Telluride Update: June 2015

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The rains have stopped and summer is in full swing, just in time for the Bluegrass Festival!

We went “off-line” in May and didn’t send an ecard, but that doesn’t mean we weren’t busy and things weren’t happening in Telluride. The school has broken ground on its remodel, our farmer’s markets are in full swing and the newly expanded Clarks Market across from our office is now open and they’re finishing the final parking lot work this month.

Real estate sales have continued at a brisk pace as well with dollar volume of sales in San Miguel County through May up 11% from 2014 and number of sales up 6% and things seem to be accelerating in June with the Town of Telluride the hottest segment of our market right now.

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

Telluride Update: Late March 2015

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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.

 

Telluride Update: February 2015

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Telluride’s long string of sunny days was interrupted yesterday with some welcome snow. The mountain has been busy and our towns as well with the Comedy Fest and holiday weekend.

After a banner year in 2014, real estate sales for January 2015 were close to even with last year, down just 4% in dollar volume over January 2014 and up 21% in number of sales. In other notable news, the new owners of the Madeline Residences and Hotel in the Mountain Village core have committed to $15 million in improvements to the property and the condominiums are now officially offered for sale. Let us know if you’d like additional details and, 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: January 2015

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We’re all enjoying unseasonably warm temperatures and beautifully sunny skies in Telluride with some new snow forecast for the end of the week. For those of you who live in the Phoenix or Los Angeles, Allegiant Air is offering 2-for-1 tickets until Friday Jan. 30 for travel through Mar. 28. Click here for more details.

With the final real estate sales numbers tallied from 2014 last year was the strongest since the market’s peak in 2007. San Miguel County finished the year up 48% in dollar volume of sales over 2013 and up 28% in number of sales. All told 2014 saw 523 sales worth a total of $507.1 million. For a more complete analysis of 2014 visit www.TellurideAffiliates.com/our-market/telluride-market-reports/.

What does this mean for 2015? Based on activity YTD we expect that the market will continue to remain strong with inventory in Telluride tightening even more. Mountain Village may continue to offer better value as there’s more supply in most segments of this market and the days of the bank sales and REO offerings are, for the most part, behind us. New construction offerings will again start to appear in Telluride with Mountain Village following as the older home and condo inventory sells out.

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: June 2014

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With the Bluegrass Festival behind us and the 4th of July next week, summer is officially underway. The weather has been fantastic and it’s nice to see everyone in town and enjoying all the mountains have to offer this time of year.

Real estate sales continue on track for a solid year with San Miguel County up 41% in dollar volume over 2013 through May 2014 and 23% in number of sales. The Town of Telluride continues to be one of the strongest segments of the market but May also saw two home sales in Mountain Village for a total of $6.9M so things are starting to pick up there as well.

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. We’re always happy to provide additional analysis for specific segments of the local market.

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.

Happy New Year!

As usual we had a very busy holiday season in both Telluride and Mountain Village and lately we’ve seen plenty of blue skies and some beautiful afternoons up on the mountain.

Earlier this week Gus Kenworthy, one of Telluride’s local freeskiers, qualified for the Sochi Olympics. Kenworthy secured a spot on the first US Olympics team for slopestyle freeskiing. He also has a chance at the halfpipe team. Everyone’s excited for him and wishing him luck next month and there are sure to be a number of viewing parties around town.

Gus Kenworthy - Telluride Affiliates

Gus Kenworthy – photo courtesy of OnTheSnow.com

With the final numbers tallied for 2013, real estate sales in San Miguel County were down just slightly from 2012 with some very strong segments of the market and others that under performed. All in all the county was 6% behind last year in terms of dollar volume of transactions and 8% behind 2012 in number of sales. For a more complete look at 2013 please see our newly updated Telluride Market Report page.

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.

Season’s Greetings!

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December started with a number of big storms and Telluride has had some of the best early season conditions that we can remember! With almost 100 inches of snow so far, most of the mountain is open (the ski company is saving Revelation Bowl for the holidays) and the skiing and snowboarding has been great. Hopefully we’ll see even more snow later this week and through year-end.

For those of you planning a visit, Allegiant Airlines is offering 2-for-1 flights from Los Angeles and Phoenix until December 20. For details visit the Allegiant Airlines Website.

As the year winds to a close, we’d like to thank all of you who have chosen to do business with Real Estate Affiliates and/or referred us to others. We value our relationships and genuinely appreciate the trust and confidence you place in our office, and we look forward to continuing to work with you in the year to come.

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.

Warm Holiday Wishes!

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