Q4 2023 Market Report - Telluride

Page 1

YEAR-END 2023

Quarterly Market Report TELLURIDE, COLORADO


AT A G L A N C E

Telluride

Jan - Dec

2023

% Change YTD 2022 vs 2023

Median Sold Price

$2,587,500

23.8%

Properties Sold

190

-25.8%

Average Days on Market

155

38.4%

Average Price per Sq. Ft.

$1,413

9.2%

% Sold Price, to List Price

97.0%

-1.0%

Data based on sales in Telluride and Mountain Village, all residential

2 | livsothebysrealty.com


MEDIAN SOLD PRICE January - December 2023

Total Sales Volume

$667,372,535

$3.0M $2.5M $2.0M $1.5M

2022 vs 2023 % Change

$1.0M

-16.7%

Jan Feb Mar Apr May Jun Jul

Aug Sep Oct Nov Dec

AV E R AG E DAYS O N M A R K E T January - December 2023

224 175

155

162

161

130

127

152

172 133

165

79

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

TOTA L SA L ES VO LU M E January - December 2023

$90M $75M $60M $45M

$48M

$42M

$28M

$86M

$108M

$27M

$70M

$65M

$70M

$62M

$18,900,000

$34M

Highest Sold Price

$28M

$30M

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Based on information from flexmls/Telluride Association of Realtors®. This representation is based in whole or in part on data supplied by Telluride Association of Realtors® for the period January 1st, 2023 - December 31st, 2023. Telluride Association of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Telluride Association of Realtors® may not reflect all real estate activity in the market.

January - December 2023 | 3


Telluride The Town of Telluride showcases Colorado’s beauty unlike any other town. Nestled in a box canyon within the San Juan Mountains, the expansive wilderness, open space, and recreation make this a destination worth exploring. The town is a menagerie of colorful Victorian homes, restaurants, shops, art galleries, and historic buildings. Skiing, hiking, and biking are all popular activities year-round. Telluride is also known for its festivals, ranging from food and drink to music and film.

4 | livsothebysrealty.com


Properties Sold

Median Sold Price

Average Days on Market

Town of Telluride

91

$1,925,000

187

Mountain Village

99

$2,975,000

144

Norwood

31

$352,000

53

Ridgway: Ouray County

37

$930,000

174

*Surrounding Mesas

20

$2,792,500

134

*Data based on sales in Deep Creek Mesa, Hastings Mesa, Iron Springs/Horsefly Mesa, Specie Mesa, Sunshine Mesa, Turkey Creek Mesa, Wilson Mesa, all residential properties.

January - December 2023 | 5


Revel in what’s next.


livsothebysrealty.com


Inspiring people to LIV the life they love.

ColoradoMarketReports.com © 2024 LIV Sotheby’s International Realty. All Rights Reserved. LIV Sotheby’s International Realty® is a registered trademark and used with permission. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Equal Housing Opportunity.


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.