Teddy Errico's Telluride Tales

In my last blog on Telluride Real Estate I talked about some generic overall sales volume in terms of dollars and number of transactions.

Since October 1, here are a few noteworthy sales….

In the historic town of Telluride, 455 West Depot Avenue closed at $3,400,000 or $970 per square foot. Not too shabby. A nearby single family Depot Avenue lot closed for $1,200,000 and only 7% off list price.

In Mountain Village a Ski in/Ski out Dakota Place condo sold for $2,225,000 or $943 per square foot. A Hood Park single family ski in/ski out lot closed for $1,900,000!

Up at Sunnyside Ranch a smaller spec home closed for $4,500,000 or $819 a square foot.

All I am trying to explain is the following. There are deals out there like Courcheval townhomes closing at less than $500 per square foot and under $2,000,000. But if a Buyer has certain Telluride property and real estate needs, they are still going to pay top dollar! Call or email me for details

Happy New Year!

More encouraging news from the Telluride Real Estate front. November sales 2009 was up considerably over November sales in 2008 with a total dollar volume increase of 584% and a number of transactions increase of 190%. Great news as we head into the winter selling season. In addition the strong months on September, October, and November, Telluride Real Estate sales have helped us close the gaps on 2008. We are off just 11% in dollar volume and 14% in number of transaction in Telluride property (San Miguel County) sales as compared to 2008. We know 2008 was not a good year, but these signs of the market stability are positive.

We are confident that market conditions will continue to improve. Just this week alone, Telluride Real Estate Corporation has contracted or closed on over $20 million dollars worth of property in the immediate Telluride Region!

A few months ago I talked about Telluride’s overall #11 reader’s ranking for the 2009-10 season. Well, I dove into the numbers and found some other interesting stats from this survey:

For Terrain Variety, Telluride ranked #8

For Weather, Telluride ranked #6

For Lodging Quality Telluride ranked #6

For Dining Quality Telluride ranked #5

For Après Ski, Telluride ranked #8

For Scenery, Telluride ranked #2, just behind Heavenly in Lake Tahoe

For Overall Satisfaction, Telluride ranked #6

These numbers are truly impressive. As a 14+ year local and Telluride Real Estate Broker for 10+ years, even I was surprised how high Telluride ranked and how impressed our visitors are.

Now there’s only one thing left to do……come see for yourself.

Telluride Ski Resort, via their blog have reported that some spots on the ski area measured THIRTY TWO, yep 32, inches.

Once again Telluride is a winter wonderland. Kind of makes it hard to stay in the office and sell Real Estate, huh?

Chair 9 may open tomorrow, that would be great, if I didnt have to work.

Well, its finally here! SNOW.

Over a foot of snow has fallen on the Telluride Ski Resort and more is expected through today.

This is great news for the Christmas Holiday. Honestly, when snow is reported in Colorado, we see an uptick of calls relating to vacation planning, real estate, deals and more, so don’t hesitate to book your trip now. Call or e-mail me and I would be glad to help.

I just took a tour of Element 52. It is the most impressive Real Estate project ever seen in historic Telluride. 120 person crew on site every day. Huge red crane. Insane views. Ridiculous finishes. Ski in/Ski out access on private ski lift. Walk to town. Private bar. Gray Head access. Wow.

17 of 34 units are already contracted as high as $1250 per square foot. If you want to be a part of this unique development, come visit Telluride, go for a ski, take a tour with me. Trust me, there will never be another Real Estate development like this in the town of Telluride.

For those of you who are familiar with Telluride and Telluride Real Estate, this project combines the charm of the mining town and summer activities with the ski access, finish level and size normally seen in Mountain Village.

Completion on first phase will be this spring.