May 2022 Telluride Real Estate Numbers

May 2022 Telluride Real Estate Numbers are in.  On the peripheral it looks like a poor month as the dollar volume was off 54% as compared with May 2021 and number of transactions were off 42%.  But if we dive into the numbers a little bit, LIV Sotheby's International Realty Broker Associate Teddy Errico will show why it's not cause for alarm.

First of all?  May 2022 saw $92 million in sales revenue.  That is the second-best May on record and is 32% over the five-year average.

Second?  May 2021 was bolstered by the ridiculous sale of the Tom Cruise estate in the Aldasoro subdivision near the Telluride Airport.  That one sale alone was $39.5 million and will skew any data in a market that saw 90 sales.

Third?  The year-to-date numbers (May 31) are still solid.  We are off just 11% in dollar volume as compared to the record setting pace of 2021 and an eye popping $320 million ahead of the 2020 pace.

Lastly.  Let's be honest here.  May 2021 was ridiculous.  $201 million in dollar volume?  Wow.  It would be tough for any month to attain that number, especially with the low inventory that Telluride and the surrounding areas has seen.