$10M+ SALES 4-YEAR SNAPSHOT 3

The Telluride ultra-luxury market remained robust through 2022, with a 40% increase in the number of closed sales for properties priced $10 million to $32 million*. Sophisticated clientele remain willing to commit to acquiring prime assets in the most scenic, supply-constrained settings. Looking ahead, I think transactional volume will remain decidedly lower from the fevered pace we saw during the pandemic. A dearth of high-quality properties continues to slow sales volume, while pricing continues to stabilize for all but the rarest of offerings.”

Bill Fandel

With the average sales price for the Telluride market increasing 26% in 2021**, we continue to see strong demand for exceptional properties and high-quality homes despite the rise in interest rates. Large farm and ranch properties are in high demand with extremely limited inventory and more and more investors are using land as a safe harbor for their assets.”

Jim Lucarelli