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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FOR IMMEDIATE PRESS RELEASE:
Hospital District Concludes Phase One Pre-Design Phase for New Facility, Approves Conceptual Plan

May 7, 2015 (TELLURIDE) — Nine years ago, Telluride Hospital District (THD) officials and administrators began their search for a new site for the region’s health care needs, driven by the aim to find a site that could accommodate the area’s projected growth and before the region’s limited buildable sites were developed. Last month the THD took one step closer to bringing that vision to fruition when they closed Phase One of a new facility’s pre-design phase and voted on a conceptual plan.

Mahlum Architects, a firm selected by THD to execute the initial planning and pre-design phases for the proposed new medical center in…

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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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Truly Telluride wins top honors. Telluride Properties today announced that it took top honors for the second year in a row for its in-house property magazine Truly Telluride, winning best of category and a Benny statue in the Product/Service Catalogs category at the 2014 Premier Print Awards. More than 3,000 entries were submitted for judging to the world’s most prestigious international print competition. Truly Telluride began as a simple idea before the age of digital cameras, Photoshop, and e-publications; it was a mere list of real estate offered for sale. But as Telluride has evolved, so has the magazine. Now an 80- plus page, coffee-table-quality magazine, Truly Telluride has featured everything from…

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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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