Its a Hot Market! July 2024 Telluride Real Estate Numbers

Woo Hoo.  Per your Trusted Advisor Teddy Errico at LIV Sotheby's International Realty July 2024 fared very well.  Overall, the dollar volume was up 27% and the number of transactions were up 46% as compared to 2023.

2024 also is tracking to be the third best year of sales in San Miguel County.  Up 22% year to date in dollars and 6% in number of sales.

Mountain Village leads the way with $249 million in sales, which is almost half the action.

Despite this great news, the market is definitely varied.  Mountain Village, despite its volume, has seen its average sales price drop 14%, which my guess is due to a lower quality of inventory.  San Miguel average sales prices?  Up 15%.  The town of Telluride is still the hottest for value increased with an increase of 34%.

So, the most action is in Mountain Village?  But values are skyrocketing in the historic Town of Telluride!

Hottest segments?  Five condos sold in Mountain Village add five lots sold in the remainder San Miguel County.

For a detailed analysis on the current state of Telluride Real Estate Market, reach out to your Telluride expert (and Mayor) Teddy.  He can answer any questions, whether you are Buying or Selling.  Doesn't matter what market?  Homes. Condos or Land.  Or where?  Telluride, Mountain Village, The Mesas, the smaller towns (Ophir, Placerville, Sawpit)

And there still is time to book a trip to Telluride to see the Fall Colors. 

And before you know it, the snow will be flying before you know it.  (Some of the high peaks have already seen it.) 

Did I just say that?  Winter is coming?