January 2023 Telluride Real Estate Numbers

January 2023 Telluride Real Estate Numbers are in.  It appears that the dollars and number of transactions in San Miguel County are starting to level out a bit.  We saw 32 sales and $45 million in dollar volume.  It continues to look like a pre-pandemic pace for the Telluride Real Estate Market

How does that stack up vs the pandemic years?  Not that great as we were off 49% in dollars and 24% in the number of sales of 2022.  

But if we look at the pre-pandemic January 2020, we are almost flat in the dollars, down just 8%, but the number of sales are down 26%.  If we go back a little bit farther it looks better as January 2023 is more than double the dollar volume of January 2019.

What is a little more telling is that the true luxury, top of the market, is still selling with three January transactions accounting for half of the total dollar volume, Villas at Cortina 7, 407 Benchmark Drive and one vacant Mountain Village Lot.

So yes, the Mountain Village remains our hottest market segment,

And once the dust settles on Presidents Week, we should really start to get an idea of what March will look like, when our big feeder markets in Texas and Arizona, in addition to Northeast prep school vacation breaks, among many other areas that have their spring breaks from school.

Stay tuned to Teddy Errico, your Broker Associate with LIV Sotheby's International Realty to get the scoop on the entire Telluride Real Estate Market.

And come ski and board.  Winter Storm Watch is in effect for midweek, and the Telluride Ski Resort is in great condition!