Big January Real Estate Numbers

The Telluride Real Estate Market is HOT!  January 2024 was the second-best January on record with over $83 million in sales, per your Trusted Advisor, Teddy Errico with LIV Sotheby's International Realty in Downtown Telluride.

"That bump was def a little bit of a surprise, added Errico.

This 85% increase over January 2023 was buoyed by 4 large sales exceeding $9.5 million.  The prices remain at unprecedented levels, but the Buyers keep coming to enjoy the lifestyle.  The average sales price rocketed up in the town of Telluride at $5.3 million, while Mountain Village came in at $2.2 million, showing some condominium vibrancy.

Its only one month, but a good sign for the Telluride Regional Real Estate Market as we head into the busy sales season of mid-February through March.

Overall, the town of Telluride was the hot luxury market segment with over $21 million in sales, more than a quarter of the market, yet with only 4 transactions.  The Mountain Village carried over one-third of the market with almost $35 million in sales.

Stay tuned, as this ski season may be a wild ride for Real Estate.

Contact Teddy for more information or to help plan your ski trip.  There is only about 6 weeks left in the ski season