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Q3 2023 Telluride Market Report

Page 1

WE’VE BEEN AROUND EVERY BLOCK.

Q3 Noteworthy Sales

AND WE’VE GOT THE STATS TO PROVE IT.

166 Country Club Drive | $11,500,000 Sold by TREC/Forbes

398 S Davis Street E7 | $10,950,000 Listed by TREC/Forbes

117 Sunny Ridge Place 124

102 Lodges Lane 1 | $3,650,000

$4,750,000 Sold by TREC/Forbes

Sold by TREC/Forbes

THE TELLURIDE REPORT Q3 2023

REAL ESTATE MARKET

438 W Columbia Avenue $3,500,000 Listed by TREC/Forbes

126 W Colorado Avenue 304 | $4,800,000 Listed by TREC/Forbes

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VIEW ALL PROPERTIES FOR SALE IN THE TELLURIDE MARKET

w w w.t e l l u r i d e r e a l e s t a t e c o r p . c o m


SOLD

YTD Avg. Sale Price

36

Town of Telluride Condo Sales $90M

22%

YTD Total Dollar Volume

16 Town of Telluride

Single-Family Home Sales $84M

31%

YTD Total Transactions Telluride Condos and Single-Family Homes have adjusted to $1,833 and $1,896 PSF compared to $1,823 and $1,905 respectively at t his time last year.

MOUNTAIN VILLAGE

SOLD

REMAINDER OF COUNTY

TOWN OF TELLURIDE

13%

SOLD 32

County Vacant Land Sales $32M

31 County Single-Family Home Sales $56M

17 Mountain Village Single-Family Home Sales $152M

48%

YTD Total Dollar Volume

Average Sale Price 2023

$1,630,979 Average Sale Price 2022

25%

YTD Avg. Sale Price

10%

YTD Total Dollar Volume

28%

YTD Total Transactions

Mountain Village has emerged as t he standout market in t he initial 9 mont hs of 2023, wit h approximately $350M in sales, a 51% share of San Miguel County ’s entire sales volume. The high demand for properties in t he Mountain Village has resulted in an increase in t he PSF for bot h Condos ($1,373) and Single-Family Homes ($1,647).

Alex Martin & Marcin Ostromecki alex@gotelluride.com | marcin@gotelluride.com 970.729.1691 | 970.708.4119 gotelluride.com

35%

YTD Total Transactions

$1,319,997

55

Mountain Village Condo Sales $147M

19%

YTD Avg. Sale Price


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