Q2 REPORT Telluride Real Estate
2020
ACTIVITY
302 North Willow Street, Town of Telluride - Offered at $7,895,000
It is July and Telluride is embracing the “new normal�. Restaurants are operating under strict guidelines, short term rentals are being managed at 50% occupancy (with potential to go to 75% in the coming weeks) and half of Main Street is closed to cars, offering an outdoor drinking and dining experience with a mountain backdrop like no other. In the absence of festivals, plenty of FUN remains to be had in a town with easy and broad access to the great outdoors. The Telluride Area Real Estate Market, accordingly, has not skipped a beat. Through Q2 of 2020, the San Miguel County market is up 26% over the 5 year average in total dollar volume, following the month of June that was up 36% over June 2019. Low inventory in the Telluride single-family market has kept sales volume relatively low in that segment, however, Town of Telluride condos and Mountain Village homes have been active enough to bolster the area as a whole, each up over their 5 year averages and resulting in a market dollar volume that is up 41% over 2019 year-to-date. The current trend, in light of a worldwide pandemic, is evident: Buyers, particularly from large cities, are seeking wide open spaces and small town living. The Telluride lifestyle has never looked more attractive and people have never been so motivated to move forward with their dream of living here.
San Miguel County Overview # 555
562
$
Ç12% compared to ytd 2019
Ç41% compared to ytd 2019 $621.1M
619 499
540
$537.5M
594.3M
$461.8M $452.8M 264.5M ytd
229 ytd
2015
2016
2017
2018
2019
2020
# of Tr ans act i ons San Mi g u e l Count y
2015
2016
2017
2018
2019
2020
Dol l ar Vo l u me San Miguel C ount y
185 South Point Road, Specie Mesa - Offered at $740,000 The information represented above is compiled from Telluride Consulting data ytd as of 6/30/2020 and represents all sales in San Miguel County.
What’s Selling? Town of Tel luride Under Contract
Number Sold
Sold Price Range
Median Sold Price
Median % Off Asking $
3 Bedrooms
2
2
$2,050,000 - $4,487,500
$3,268,750
8%
4 Bedrooms
3
8
$1,150,000 - $3,800,000
$2,484,500
6%
5+ Bedrooms
2
3
$3,100,000 - $5,900,000
$4,800,000
4%
Studio & 1 Bedrooms
6
12
$160,000 - $930,000
$335,000
3%
2 Bedrooms
4
7
$535,000 - $1,772,500
$950,000
3%
3 Bedrooms
6
10
$1,400,000 - $3,600,000
$2,095,000
5%
4 Bedrooms
0
6
$1,380,000 - $11,200,000
$3,075,000
5%
5+ Bedrooms
0
6
$4,550,000 - $8,200,000
$5,350,000
3%
0
2
$500,000 - $638,000
$569,000
37%
Single Family Homes
Condominiums
Vacant Land All
The information represented above is compiled from the Telluride MLS ytd as of 6/30/2020 and includes the Idarado subdivision. It excludes deed-restricted, commercial, & fractional properties.
ytd 2020
as of 6/30/2020 there have been 59 sales in the Town of Telluride for a total dollar volume of $140,499,058.
$
Ç98% compared to ytd 2019
15
2
#
Ç51% compared to ytd 2019
41
$42,576,000
$1,138,000
$96,504,250
HOMES
LAND
CONDOS
Auberge Resorts at Element 52 S1A, Town of Telluride - Sold 5/19/2020 for $4,550,000 Listed & Sold by Telluride Properties
What’s For Sale? Town of Tel luride Number Available
Asking Price Range
Median Asking Price
3 Bedrooms
5
$1,950,000 - $4,595,000
$2,295,000
4 Bedrooms
9
$1,595,000 - $18,000,000
$5,795,000
5+ Bedrooms
8
$2,155,000 - $7,995,000
$5,335,000
Studio & 1 Bedrooms
13
$175,000 - $849,000
$547,000
2 Bedrooms
10
$621,000 - $3,050,000
$882,500
3 Bedrooms
7
$950,000 - $3,750,000
$1,495,000
4 Bedrooms
8
$1,295,000 - $6,000,000
$2,975,000
5+ Bedrooms
2
$2,695,000 - $5,200,000
$3,947,500
24
$669,000 - $5,000,000
$1,747,500
Single Family Homes
Condominiums
Vacant Land All
The information represented above is compiled from the Telluride MLS ytd as of 6/30/2020 and includes the Idarado subdivision. It excludes deed-restricted, commercial, & fractional properties.
317 North Spruce Street, Town of Telluride - Offered at $3,278,000
What’s Selling? Mountain V il lage Under Contract
Number Sold
Sold Price Range
Median Sold Price
Median % Off Asking $
3 Bedrooms
0
2
$3,675,000 - $4,295,000
$3,985,000
2%
4 Bedrooms
2
7
$1,535,000 - $3,175,000
$2,330,000
4%
5 Bedrooms
1
2
$4,400,000 - $6,335,000
$5,367,500
6%
6+ Bedrooms
1
1
$7,766,900
--
0%
Studio & 1 Bedrooms
0
4
$129,500 - $515,000
$131,443
12%
2 Bedrooms
0
4
$369,000 - $1,080,000
$409,500
1%
3 Bedrooms
1
5
$670,000 - $2,033,333
$1,675,000
2%
4 Bedrooms
2
3
$1,785,000 - $2,975,000
$1,913,000
4%
5+ Bedrooms
0
2
$2,475,000 - $2,800,000
$2,637,500
6%
7
7
$194,000 - $560,000
$440,000
10%
Single Family Homes
Condominiums
Vacant Land All
The information represented above is compiled from the Telluride MLS ytd as of 6/30/2020, it excludes deed-restricted, commercial, & fractional properties.
ytd 2020
as of 6/30/2020 there have been 37 sales in Mountain Village for a total dollar volume of $68,841,618.
$ 12
Ç6%
compared to ytd 2019
7
#
ďƒˆ14%
compared to ytd 2019
18
$43,271,900
$2,735,000
$22,834,718
HOMES
LAND
CONDOS
21 Trails Edge Lane, Mountain Village - Sold 4/23/2020 for $4,295,000 Sold by Telluride Properties
What’s For Sale? Mountain V il lage Number Available
Asking Price Range
Median Asking Price
3 Bedrooms
4
$2,749,000 - $3,800,000
$3,022,500
4 Bedrooms
11
$1,995,000 - $6,750,000
$3,695,000
5 Bedrooms
16
$2,095,000 - $6,995,000
$4,075,000
6+ Bedrooms
17
$3,795,000 - $9,475,000
$5,995,000
Studio & 1 Bedrooms
23
$152,500 - $899,000
$479,000
2 Bedrooms
18
$365,000 - $1,850,000
$662,000
3 Bedrooms
7
$1,495,000 - $2,995,000
$2,445,000
4 Bedrooms
8
$850,000 - $4,650,000
$2,725,000
5+ Bedrooms
5
$2,149,000 - $4,500,000
$2,675,000
75
$195,000 - $5,000,000
$700,000
Single Family Homes
Condominiums
Vacant Land All
The information represented above is compiled from Telluride MLS data ytd as of 6/30/2020, it excludes deed-restricted, commercial, & fractional properties.
Cassidy Ridge B201, Mountain Village - Offered at $1,223,000
What’s Selling? Surround ing Areas Under Contract
Number Sold
Sold Price Range
Median Sold Price
Median % Off Asking $
Turkey Creek Mesa
4
13
$295,000 - $2,040,000
$1,400,000
7%
Deep Creek Mesa
4
3
$450,000 - $875,000
$615,000
10%
Down Valley
0
3
$215,000 - $804,000
$400,000
14%
Wilson Mesa
2
3
$100,000 - $590,000
$118,000
29%
Specie Mesa
2
1
$910,000
--
13%
Hastings Mesa
2
4
$190,000 - $938,000
$274,750
2%
Iron Springs/Horsefly Mesa
1
2
$100,000 - $525,000
$312,500
35%
Ilium/Ames
0
0
--
--
--
Ophir
0
4
$210,000 - $504,000
$443,500
4%
(Turkey Creek Mesa) Alta Lakes, Elk Run, Preserve, Raspberry Patch, Ski Ranches, Skyfield, and West Meadows (Deep Creek Mesa) Aldasoro Ranch, Deep Creek Ranches, Diamond Ranch, Falls at Telluride, Golden Ledge, Gray Head, Last Dollar, Meadows at Deep Creek, Redtail Estates, and Sunnyside Ranch (Down Valley) Fall Creek, Sawpit, Placerville, Placervalley Village, Redcliff Estates, Shadohoochi Hill (Wilson Mesa) Elk Creek Reserve, Muddy Creek Meadows, Ptarmigan Ranch, and Wilson Mesa Ranches (Specie Mesa) Estate Ranches, Great American, Little Cone Ranch, Peninsula Park, Peninsula Pines, Peninsula Point, Specie Mesa Ranch, Specie Wilderness, The Peninsula, and Top of the World (Hastings Mesa) Alder Canyon Ranches, Beaver Pond, Cradle Park Ranches, Finnegan Ranch, Hastings Mesa Estates, Last Dollar Tracts, Little Lake Ranches, Old Elam Ranch, Pleasant View, San Juan Vista, Telluride Pines, and Willmeng Springs (Iron Springs/Horsefly Mesa) Anderson Ranch, Big Valley Ranch, The Bluffs, Brown Ranch, Canyon Creek Ranch, Colt Meadows Ranch, Cornerstone, Dancing Bear Ranch, Eagle Ridge Ranch, Elks Summit, Frontier, Golden Bear Ranch, Gracie Sky Mountain Ranch, Lakes at Carstens Ranch, McKenzie Spring Ranch, Panorama Acres, Rosorado, and San Juan Ranch (Ilium/Ames) Ptarmigan at Ilium, Lake Fork Junction, and South Fork Estates
The information represented above is compiled from Telluride MLS data ytd as of 6/30/2020, it excludes deed-restricted, commercial, & fractional properties.
230 Old Butterfly Road, Turkey Creek Mesa - Sold 6/17/2020 for $1,484,500 Listed & Sold by Telluride Properties
What’s For Sale? Surround ing Areas Number Available
Asking Price Range
Median Asking Price
Turkey Creek Mesa
22
$350,000 - $14,900,000
$1,545,000
Deep Creek Mesa
31
$155,000 - $9,950,000
$975,000
Down Valley
7
$275,000 - $1,279,000
$695,000
Wilson Mesa
16
$199,000 - $24,500,000
$565,000
Specie Mesa
22
$185,000 - $2,999,000
$610,000
Hastings Mesa
16
$107,000 - $1,995,000
$397,000
Iron Springs/Horsefly Mesa
33
$75,000 - $17,950,000
$595,000
Ilium/Ames
2
$1,950,000 - $3,395,000
$2,672,500
Ophir
7
$155,000 - $749,000
$180,000
(Turkey Creek Mesa) Alta Lakes, Elk Run, Preserve, Raspberry Patch, Ski Ranches, Skyfield, and West Meadows (Deep Creek Mesa) Aldasoro Ranch, Deep Creek Ranches, Diamond Ranch, Falls at Telluride, Golden Ledge, Gray Head, Last Dollar, Meadows at Deep Creek, Redtail Estates, and Sunnyside Ranch (Down Valley) Fall Creek, Sawpit, Placerville, Placervalley Village, Redcliff Estates, Shadohoochi Hill (Wilson Mesa) Elk Creek Reserve, Muddy Creek Meadows, Ptarmigan Ranch, and Wilson Mesa Ranches (Specie Mesa) Estate Ranches, Great American, Little Cone Ranch, Peninsula Park, Peninsula Pines, Peninsula Point, Specie Mesa Ranch, Specie Wilderness, The Peninsula, and Top of the World (Hastings Mesa) Alder Canyon Ranches, Beaver Pond, Cradle Park Ranches, Finnegan Ranch, Hastings Mesa Estates, Last Dollar Tracts, Little Lake Ranches, Old Elam Ranch, Pleasant View, San Juan Vista, Telluride Pines, and Willmeng Springs (Iron Springs/Horsefly Mesa) Anderson Ranch, Big Valley Ranch, The Bluffs, Brown Ranch, Canyon Creek Ranch, Colt Meadows Ranch, Cornerstone, Dancing Bear Ranch, Eagle Ridge Ranch, Elks Summit, Frontier, Golden Bear Ranch, Gracie Sky Mountain Ranch, Lakes at Carstens Ranch, McKenzie Spring Ranch, Panorama Acres, Rosorado, and San Juan Ranch (Ilium/Ames) Ptarmigan at Ilium, Lake Fork Junction, and South Fork Estates
The information represented above is compiled from Telluride MLS data ytd as of 6/30/2020, it excludes deed-restricted, commercial, & fractional properties.
201 Stella Drive, Placerville - Offered at $985,000
Telluride Properties has participated in 50% of the dollar volume for San Miguel County MLS Sales through the second quarter of 2020, while only representing 13% of all Realtors in Telluride. 970.728.0808 tellurideproperties.com Telluride Office 237 S. Oak St. at the Telluride Gondola Mountain Village Office 560 Mountain Village Boulevard, Ste. 103