Mid Year Update

So how does the Telluride Real Estate Market look as we hit the mid way point of the year?  Well?  It remains down in dollar volume, 29%.  But yet the number of transactions are about flat with 2024.

Why?  There is a little bit of difference of opinions on Sellers and Buyers with where the sales price should be.  Buyers want deals.  Sellers think that they should be making record sales price, whether in dollars or square footage.  Typically the lower priced options have more Buyers with the resources to purchase, so that demand remains high.

Keep in mind?  The Four Seasons projectm which has yet to break ground, has 21 units out of 68 under contract.  These high dollar uber luxurious units cannot be reflected in sales.  That rings true with the Highline pre-sales, 11 out of 16 at prices well over $2,000 per square foot.  So there is confidence in the market.

What does Teddy Errico, your Trusted Advisor think?  If you want the lifestyle now?  Buy!  Over time the investment will be a good one.  If you are Selling?  Be realistic unless your home is truly special.