Q4 REPORT 2021
ACTIVITY
137 Hood Park Road, Mountain Village - Offered at $36,800,000
The dust has settled on 2021 and it’s another one for the history books! San Miguel County’s real estate sales exceeded 2020’s dollar volume of $1.1b with a new record of $1.4b. That’s exciting news, yet most likely a peak for now. Buyer demand is still very strong; however, current owners aren’t anxious to give up their Telluride retreats without good reason. Mountain Village continued to lead the market as the number of sales in Town decreased by 25% due to limited offerings. Vacant land sales were bolstered greatly by the lack of inventory in home and condo segments, with sales volume increasing by as much as 99% in certain areas of the county. The upper-end of the market also saw more action in 2021, with 65 sales over $5m versus 48 in 2020. Of those 65 sales, 11 were over $10m, including 115 Francisco Way in Aldasoro Ranch (Tom Cruise) at $39.5m, 398 W. Colorado Ave. in Town (Main Street Penthouse w/ Commercial) at $28m and 184 Butch Cassidy Drive in Mountain Village (Oprah) at $17m. Interestingly, even though our demand has grown exponentially, our sales volume and property values still play second fiddle to Aspen ($4b), Vail ($3.3b) and Jackson Hole ($3b). Our inventory is far more limited than these “towns”, which makes for a smaller, more authentic community. This will prove to be why Telluride continues to be a desirable place to live and is primed for continued appreciation. -Telluride Properties celebrated 35 years in business during 2021, and it was our most successful and challenging year yet. From navigating bidding wars and walking a knife’s edge to keep deals together, we are thankful for our client’s trust in us as their real estate advisors. As for our community, we are eternally grateful for all of the love and support we’ve been shown, personally and professionally. It truly does “take a village”, and ours is THE BEST.
#
$
Ç16% compared to 2020
Ç23% compared to 2020 $1.42B
$1.16B
944 814
562
2016
$621.1M
619 499
2017
2018
540
$537.5M
$594.3M
$452.8M
2019
2020
2021
# of Tr ans act i ons San Mi g u e l Count y
2016
2017
2018
2019
2020
2021
Dol l ar Vo l u me San Miguel C ount y
TBD Stonegate Drive 1, Mountain Village, CO - Offered at $795,000 The information represented above is compiled from Telluride Consulting data ytd as of 12/31/2021 and represents all sales in San Miguel County.
Town of Tel luride Under Contract
Number Sold
Sold Price Range
Median Sold Price
Median % Off Asking $
2-3 Bedrooms
2
21
$1,100,000 - $5,545,000
$2,250,000
0%
4 Bedrooms
3
8
$1,230,000 - $28,000,000*
$4,150,000
4%
5+ Bedrooms
1
7
$3,073,000 - $22,000,000
$8,756,000
4%
Studio & 1 Bedrooms
2
33
$230,000 - $1,250,000
$725,000
0%
2 Bedrooms
5
40
$559,000 - $3,250,000
$1,228,750
2%
3 Bedrooms
1
24
$1,001,000 - $6,800,000
$1,967,000
1%
4 Bedrooms
0
4
$1,350,000 - $6,250,000
$3,801,750
4%
5+ Bedrooms
0
2
$3,350,000 - $7,567,500
$5,458,750
3%
3
27
$390,000 - $5,000,000
$1,725,000
4%
Single Family Homes
Condominiums
Vacant Land All
*the sale for $28,000,000 included commercial space.
The information represented above is compiled from the Telluride MLS ytd as of 12/31/2021 and includes the Idarado Subdivision & Valley Floor. It excludes deed-restricted, commercial, & fractional properties.
2021 as of 12/31/2021 there have been 166 sales in the Town of Telluride for a total dollar volume of $413,924,244.
$ 36
Ç
13%
compared to ytd 2020
27
#
Ç
25%
compared to ytd 2020
103
$193,385,455
$51,381,000
$169,157,789
HOMES
LAND
CONDOS
Transfer Telluride - SJ1, Town of Telluride - Sold 10/15/2021 for $6,250,000 Listed & Sold by Telluride Properties
Town of Tel luride Number Available
Asking Price Range
Median Asking Price
2-3 Bedrooms
1
$3,825,000
--
4 Bedrooms
3
$4,250,000 - $4,850,000
$4,250,000
5+ Bedrooms
5
$4,595,000 - $25,000,000
$14,500,000
Studio & 1 Bedrooms
8
$639,000 - $1,395,000
$899,000
2 Bedrooms
6
$1,250,000 - $1,850,000
$1,760,000
3 Bedrooms
4
$2,250,000 - $4,950,000
$3,447,500
4 Bedrooms
2
$4,395,000 - $13,950,000*
$9,172,500
5+ Bedrooms
0
--
--
7
$749,000 - $3,500,000
$2,495,000
Single Family Homes
Condominiums
Vacant Land All
*the offering for $13,950,000 in this price range also includes commercial space.
The information represented above is compiled from the Telluride MLS ytd as of 12/31/2021 and includes the Idarado Subdivision & Valley Floor. It excludes deed-restricted, commercial, & fractional properties.
548 West Pacific Avenue C, Town of Telluride - Offered at $1,250,000
Mountain V il lage Under Contract
Number Sold
Sold Price Range
Median Sold Price
Median % Off Asking $
3 Bedrooms
0
4
$1,900,000 - $2,950,000
$2,535,000
3%
4 Bedrooms
2
18
$1,990,000 - $8,400,000
$3,950,000
0%
5 Bedrooms
3
11
$2,950,000 - $17,000,000
$4,875,000
1%
6+ Bedrooms
4
16
$3,250,000 - $8,400,000
$7,025,000
5%
Studio & 1 Bedrooms
4
47
$149,800 - $1,650,000
$365,000
0%
2 Bedrooms
5
29
$476,000 - $2,275,000
$955,000
1%
3 Bedrooms
4
31
$711,500 - $4,750,000
$2,195,000
0%
4 Bedrooms
3
22
$1,100,000 - $5,900,000
$3,162,500
2%
5+ Bedrooms
0
8
$2,180,000 - $5,275,000
$2,850,000
2%
4
71
$249,000 - $10,500,000
$725,000
6%
Single Family Homes
Condominiums
Vacant Land All
The information represented above is compiled from the Telluride MLS ytd as of 12/31/2021, it excludes deed-restricted, commercial, & fractional properties.
2021 as of 12/31/2021 there have been 257 sales in Mountain Village for a total dollar volume of $556,388,537.
$ 49
Ç37%
compared to ytd 2020
71
#
Ç19%
compared to ytd 2020
137
$265,508,750
$74,524,888
$216,354,899
HOMES
LAND
CONDOS
127 Polecat Lane, Mountain Village - Sold 10/7/2021 for $8,400,000 Listed & Sold by Telluride Properties
Mountain V il lage Number Available
Asking Price Range
Median Asking Price
3 Bedrooms
1
$5,000,000
--
4 Bedrooms
1
$3,995,000
--
5 Bedrooms
6
$4,250,000 - $14,850,000
$9,950,000
6+ Bedrooms
9
$4,500,000 - $36,800,000
$14,100,000
Studio & 1 Bedrooms
4
$275,000 - $1,175,000
$374,450
2 Bedrooms
3
$660,000 - $1,475,000
$660,000
3 Bedrooms
3
$1,250,000 - $3,100,000
$2,900,000
4 Bedrooms
2
$3,590,000 - $7,495,000
$5,542,500
5+ Bedrooms
1
$5,695,000
--
23
$650,000 - $4,750,000
$1,995,000
Single Family Homes
Condominiums
Vacant Land All
The information represented above is compiled from Telluride MLS data ytd as of 12/31/2021, it excludes deed-restricted, commercial, & fractional properties.
103 Granite Ridge Drive, Mountain Village - Offered at $8,995,000
Surround ing Areas Under Contract
Number Sold
Sold Price Range
Median Sold Price
Median % Off Asking $
Turkey Creek Mesa
3
22
$349,000 - $11,450,000
$1,742,000
1%
Deep Creek Mesa
0
36
$395,000 - $39,500,000
$1,014,750
2%
Down Valley
1
10
$235,000 - $1,200,000
$415,000
1%
Wilson Mesa
2
12
$200,000 - $5,325,000
$585,000
5%
Specie Mesa
0
18
$187,500 - $5,500,000
$355,000
5%
Hastings Mesa
3
20
$95,000 - $2,650,000
$576,250
4%
Iron Springs/Horsefly Mesa
4
32
$108,000 - $4,975,000
$335,500
5%
Ilium/Ames
0
2
$1,850,000 - $3,500,000
$2,650,000
1%
Ophir
1
21
$150,000 - $1,200,000
$240,000
0%
(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 12/31/2021, it excludes deed-restricted, commercial, & fractional properties. It includes homes and land.
706 Wilson Way, Gray Head- Deep Creek Mesa - Sold 10/8/21 for $9,450,000 Listed by Telluride Properties
Surround ing Areas Number Available
Asking Price Range
Median Asking Price
Turkey Creek Mesa
5
$995,000 - $21,500,000
$1,775,000
Deep Creek Mesa
8
$1,100,000 - $27,000,000
$7,375,000
Down Valley
2
$99,000 - $1,500,000
$799,500
Wilson Mesa
5
$1,095,000 - $7,995,000
$4,250,000
Specie Mesa
9
$775,000 - $35,000,000
$1,980,000
Hastings Mesa
12
$225,000 - $48,000,000
$2,500,000
Iron Springs/Horsefly Mesa
30
$199,000 - $6,395,000
$362,500
Ilium/Ames
2
$1,325,000 - $1,495,000
$1,410,000
Ophir
0
--
--
(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 12/31/2021, it excludes deed-restricted, commercial, & fractional properties. It includes homes and land.
Lot 28, Elk Run - Turkey Creek Mesa - Offered at $995,000
2021 Sales Highlights Tel luride Propert ies
RECORD-BREAKING RESIDENTIAL HOME SALE IN THE TOWN OF TELLURIDE Represented Seller / $22,000,000
198/165 # OF BUYERS AND SELLERS
That we were able to advise & help to achieve their real estate goals.
$11,450,000
$10,500,000
1%
$9,550,000
$9,500,000
$9,450,000
$8,756,000
$8,400,000
$8,400,000
MEDIAN OFF ASKING PRICE For Seller represented listings.
48%
OF TELLURIDE MLS SALES $5M+ Represented Seller and/or Buyer in 32 mls sales, $5,000,000 and above.
970.728.0808 tellurideproperties.com Telluride Offices 237 S. Oak St. at the Telluride Gondola 220 E. Colorado Avenue #102 Mountain Village Office 560 Mountain Village Boulevard, Ste. 103