Published September 22, 2023

$117 Million in Sales for August 2023

Written by Teddy Errico

The Telluride Real Estate Numbers are in, and August was a pleasant surprise with $117 million in sales. Per Teddy Errico of LIV Sotheby's International Realty, that is a 56% increase from August 2022. Even better, this strong August has the Summer of 2023 tracking just 2% behind 2022.

The town of Telluride awoke from its slumber with $40 million in sales with a private home at 516 East Columbia Avenue closing at $7.55 million and over $2500 per square foot.

And the remainder of San Miguel County also awoke with $47 million in sales, highlighted by a Gray Head at Telluride home sale at 296 Gray Head Lane at $14.5 million.

Despite Mountain Village only having one residential home sale, it was a biggie. 116 Highlands Way sold at $10.6 million.

We have about one month left in the summer selling season and it will be interesting to see how we end up. The Gondola closes for the season on October 21.

But will we make up more ground on 2022? Year to date we are off 26% in dollar volume.

$117 Million in Sales for August 2023

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