Market Report

May 2014-Telluride Real Estate Market Conditions

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CURRENT TELLURIDE REAL ESTATE MARKET CONDITIONS Updated May 2014 The 2014 Telluride Real Estate Market is off to a brisk start. Each of the first four months of 2014 has considerably exceeded the same time period in 2013. We are even starting to see considerable activity in the current Spring Off-Season. What are the statistics in 2014 to this point and where is Telluride headed? Overall the numbers are extremely encouraging. April 2014 was up a staggering 119% as compared to 2013. March was up 43% in dollar volume as compared to 2013. February was up 25% as compared to 2013, and January was up an eye- popping 116%. Just excellent news for the market! With 2013 well behind us, it is interesting to note, that as compared to 2012, overall dollar Volume in Mountain Village was off 13%, the Town of Telluride was flat and the other sales for the remaining San Miguel County were off 6%. But as compared to 2014? Year to Date (April 30) most segments are positive vs. 2013. As we further examine the local marketplace, we expect to see in the summer and fall of 2014 that the Telluride, Colorado Real Estate market continues to get healthier by stabilizing at or close to the current sales pace. The only items that can slow us down are a lack of inventory in the Town of Telluride, and Buyers accepting increased pricing levels with a shrinking inventory of Mountain Village Condominiums.

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