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September 2013

Real Estate 5

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.