Market Report

April 2015-Telluride Real Estate Market Conditions

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CURRENT TELLURIDE REAL ESTATE MARKET CONDITIONS Updated April 2015 The 2014 Telluride Real Estate Market outdid each of the previous six years and was the best Real Estate sales year since Pre-Recession. 2015 has sustained this sizzling pace through the first quarter. The town on Telluride is on fire. A few quick market highlights: March 2015 condominium sales in the town of Telluride were the best month in that segment for over six years with 16 sales at over $14 million. 2014 Mountain Village home sales were up a whopping 300% over the previous year. Overall, the 2014 Sales year eclipsed 2013 by an impressive 48% in Dollar Volume and 28% in Number of Transactions. With 2015 cruising along, it is good to see sustained action in Mountain Village, which is certainly aided by the addition and marketing prowess of the Residences of Hotel Madeline. In fact the Madeleine has sold 8 units since its January launch. Even better is the activity in vacant residential land sales in San Miguel County (does not include Mountain Village or town of Telluride) in the first quarter of 2015, with the number of transactions up 375%. Wow, but can we continue to sustain this pace and return to the pre-recession sales levels?

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