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Year End Reports

Found 6 blog entries about Year End Reports.

2016 was a year in which the real estate market played catch up from early January, after the Dow Jones declined 1,000 points and the San Miguel Real Estate market consequently experienced a slowdown through early March.  The market started to rebound in late March and although pre-election turbulence continued to create buyer uncertainty through November, the market rallied back to near 2015 levels to end the year only 2% down in overall dollar volume and 1% down in the number of transactions.

Single Family Homes in the Town of Telluride continued its ascending pace and was the strongest market sector with a 33% increase in dollar volume and a 28% increase in transaction volume.    Mountain Village Condominiums was the second strongest…
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In my third quarter update, I stated we were anticipating an El Nino winter, and boy has it come to fruition, with 208 inches of snow since November! That's over 17 feet! The skiing has been absolutely tremendous! 

Regarding the real estate market, 2015 ended up 6% in transaction volume but down 9% in total dollar volume. All in all, 2015 was the second biggest year for total dollar volume and recorded the highest number of transactions since the height of the market in 2007. 

Mountain Village condominiums were a very active sector of the market with a 36% increase in dollar volume and a 26% increase in transaction volume. 

An important takeaway from 2015 year end statistics is that certain market sectors are experiencing steady

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San Miguel County Real Estate transaction volume remains strong as the third quarter finished up 3% compared to third quarter 2014. Over all dollar volume is down 24%, however, this is primarily attributable to a $40M sale that occurred in August of 2014 for the Hotel Madeline. Sans this sale, 2015 is right on track to match or exceed 2014, which was the biggest year in terms of dollar volume and transaction volume since the downturn in 2008.  

Total dollar volume through September 30th in 2015 was $346.9M compared to $383.9M in 2014, although September turned out to be the second biggest September in the last 6 years with $53.1M in recorded sales.

I anticipated that Mountain Village would see a surge of activity based on evidence of

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In my first quarter update for 2015 I stated that I was eager to see if 2015 would prove to buck a “W” recovery trend as 2014 was a significant crest year in the wave recovery that started in 2010. The 1st quarter of 2015 started 9% down in dollar volume and 2% down in transaction volume which was lending early support that 2015 could be a trough year.  I also stated that the “off season” consisting of the months of April and May were as busy as I could ever remember over my 28 year career.  It turns out that this busy time period for many in the brokerage community morphed into a significant amount of closings.  As a result, the 2nd quarter was up 1% in dollar volume and 5% in transaction volume despite competing against a record June of 2014 that

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The San Miguel County Real Estate Market has been experiencing a steady rebound since 2009, however the rebound has been a wave (“w”) recovery with 2014 being a crest year, in fact, the highest crest year since the rebound started.

It will be interesting to see if 2015 will be a trough year as it pertains to over-all dollar volume and transaction volume or will the “W” trend be bucked and are we in the throws of a steady upward trend?  First quarter results indicate a 9% decrease in dollar volume and a slight increase of 2% in transaction volume, however, anecdotally, this is the busiest “off-season” I have ever experienced. A significant amount of property is being shown and contracted since the closing of the ski area. This is quite atypical and

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Wow, 2014 was the year of the turn around for the San Miguel County Real Estate Market!  Since the downturn which started in 2008 (which reached its lowest point in 2011 evidenced by $247.4M in overall sales volume) total dollar volume in 2015 more than doubled at $507.1M.

2014 experienced gains of 33% in overall dollar volume compared to 2013 with a 28% gain in the number of transactions.

The Town of Telluride Single Family homes continued to lead the way demonstrating consistent strength with a 45.8% increase in overall dollar volume of $75.4M (37 sales) versus $51.7M (27 sales) in 2013 and a 37% increase in transaction volume.  Average homes prices rose from $1.915M to $2.037M, a 6% increase.

Town of Telluride Condominiums experienced a

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