Market Report

Nov 2015-Telluride Real Estate Market Conditions

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As you look at the past 10 years, the sales pace of 2005-2007 may be on the near horizon; as 2014 fell just 30% below the average dollar volume of that timeframe, vs 53% from 2013. The summary for both Buyers and Sellers has changed in a far more positive direction for Sellers with less and less availability in excellent values. If a property has a high level of quality, uniqueness, desirable location, features and amenities, then Buyers continue to prove time and time again, that they will "step up" to pay top dollar, and have exceeded traditional top of the market pricing. Buyers that are less selective can still find deals out there, but the discounts are not as severe. Land is the last category left where Buyers are getting upwards of 40-50% off pre-recession pricing, but many of that product is 15+ miles outside of the resort. Telluride continues to have the "IT" factor in both a Ski Resort and summer destination, and Buyers need to act fast, or be prepared to invest more down the road. Once again Telluride is at the top of Resort Rankings as we head into the 2015-16 Ski Season. We are #1 in Conde Nast Traveler. We are #4 in Ski Magazine Readers Survey. We are #2 in US News and World Report. Impressive rankings that continue to get the word out, about Telluride.

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