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Q2 REPORT Telluride Real Estate

2019

ACTIVITY

565 East Colorado Avenue, Telluride - Offered at $3,575,000


San Miguel County Overview

# 523

555

$

ďƒˆ9% compared to ytd 2018

562

ďƒˆ14% compared to ytd 2018 $621.1M

619 $507.1M

499

$537.5M $461.8M $452.8M

205 YTD

2014

2015

2016

2017

2018

2019

# of Tr ans a ct i ons S an Mi g u e l Count y

$187.2M YTD

2014

2015

2016

2017

2018

2019

Dol l ar Vol u me San Miguel C ount y

Lot P16 Idarado Legacy - Offered at $3,350,000 The information represented above is compiled from Telluride Consulting data ytd as of 6/30/2019 and represents all sales in San Miguel County.


There is a Jungian theory that posits that the first half of our lives is about establishing identity and ego, and the second half is about spirituality, going deeper into ourselves. It gets you thinking about life and skiing before and after 40, reminiscing about hammering zipper lines down Spiral Stairs that never end. Lap after breathless lap on the Gold Hill lift filled with seemingly bottomless powder on Dynamo. Or the sunlit, snowless days giggling in glee blazing down See Forever to Lookout to town. All expending muscle, stamina and joy gliding down the mountain. Maybe there’s a parallel to this Carl Jung stuff. Or, to put it in skiing terms, the first half of a skiing life might favor bump runs and glades and all manner of swashbuckling razzle dazzle but the second half draws on more subtle and experiential skills in pursuit of the softest powder, scoring a virgin Plunge groomer or perfecting a complete turn. The team at Telluride Properties thinks about it a lot. How to keep the stoke alive. How to feel like it’s not all downhill, so to speak, with life after 40. Dipping a toe in the real estate waters is a good place to start for the timid, whether it be a $40,000 fractional purchase or a no-brainer push the easy button snuggle into a vacation condo under a half-million. This type of daydreaming and ultimate reality takes you straight into a fountain of youth. For those who are already in Telluride full immersion and are on their umpteenth rental trip, the first purchase is momentous but also easy with a rear-view mirror reflection often spouted of “what the hell was I thinking? Why didn’t I do this sooner?” And the splurge is usually bigger and more final – a Victorian gem in town, a ski-in multi-generational, income producing chalet in Mountain Village, an escape to a ranch home in the countryside, or a buy land-designbuild scheme to put the ultimate creative mark on your life. Location choice. Property type selection. Chasing income potential. Nerding out on the Telluride real estate metrics. We consider this the surrogate Telluride lifestyle leading up to the big day of signing your name on an offer. Until you purchase and as long as your dreaming Telluride, you are the armchair rider of the storm. Many clients and prospects are part of this universe until they’ve hit the right place at the right time. We’ve often heard clients saying to their family and friends, “We finally bought a home in Telluride and you’re invited to stay with us!” It’s an art form in how discreetly or cleverly that message is presented and a snide pleasure too. And a much deserved consolation after busting your ass in the treadmill of corporate work and travel and city life. Nothing gives us greater pleasure than riding a favorite lift or journeying on a sublime hike and sharing amazing existential out of body experiences. Where your senses are on hyperalert, appreciating the glimmer of diamonds in the snow, the almost missed spotting of a rare Lynx, the gaze of watching a red-tail hawk rising in a thermal or witnessing the many rainbows, waterfalls and alpenglows that permeate every crease in “our valley”. Many of us love to count the number of days we ski each season and milk every last flake of snow under our skis until we hockey stop at Oak’s. Just like eating every last grain of rice in the bowl, one Japanese friend always said. The most obvious way to stay stoked is to stay fit and healthy. There’s a huge subcommunity of wellness in Telluride with an array of resources to help you plunge into diet and exercise and glow. One common denominator in hanging out with local and world class ski legends is learning that flexibility over strength later in life is key. We stay limber and active and, when we don’t, we get sidelined. Owning and living in “America’s Best Ski Town” is a great way to stay limber and active while also strengthening and cementing bonds with family and friends. As for the nerding out on Telluride real estate statistics, some things are up, some things are down. Overall we continue to be on a mostly consistent 35+ year upward trajectory. Reach out to your favorite broker, preferably on a hike or a lift, and get the lowdown for what floats your skis.


What’s Selling? Town of Tel luride Under Contract

Number Sold

Sold Price Range

Average Sold Price

Average % Off Asking $

3 Bedrooms

1

4

$1,480,000 - $2,150,000

$1,826,000

3%

4 Bedrooms

1

1

$1,850,000

--

7%

5+ Bedrooms

0

2

$3,625,000 - $8,400,000

$6,012,500

10%

Studio & 1 Bedrooms

5

7

$365,979 - $665,000

$535,140

5%

2 Bedrooms

3

8

$535,000 - $2,327,500

$1,130,188

4%

3 Bedrooms

1

9

$825,774 - $1,955,000

$1,477,419

5%

4 Bedrooms

2

2

$3,287,500 - $3,400,000

$3,343,750

3%

5+ Bedrooms

1

1

$5,700,000**

--

14%

0

4

$280,000 - $1,400,000

$1,001,250

8%

Single Family Homes

Condominiums

Vacant Land All

**This sale was a commercial/residential building with 1 commercial space and 2 condos.

The information represented above is compiled from the Telluride MLS ytd as of 6/30/2019 and includes the Idarado subdivision. It excludes deed-restricted, commercial, & fractional properties.


ytd

$

2019

as of 6/30/2019 there have been 38 sales in Town of Telluride for a total dollar volume of $63,655,753.

7

ďƒˆ6% compared to ytd 2018

4

#

ďƒˆ24% compared to ytd 2018

27

$21,179,000

$4,005,000

$38,471,753

HOMES

LAND

CONDOS

River Club Whole Ownership Units, Telluride - Sold 5/9/2019 for $5,150,000 Listed & Sold by Telluride Properties


Auberge Resorts at Element 52 - South 1A, Town of Telluride - Offered at $4,995,000


What’s For Sale? Town of Tel luride

Number Available

Asking Price Range

Average Asking Price

3 Bedrooms

8

$1,650,000 - $4,745,000

$3,205,625

4 Bedrooms

9

$1,397,000 - $6,125,000

$3,364,889

5+ Bedrooms

10

$2,155,000 - $8,995,000

$5,576,500

Studio & 1 Bedrooms

7

$160,000 - $899,000

$500,286

2 Bedrooms

12

$369,000 - $3,050,000

$1,166,750

3 Bedrooms

7

$1,095,000 - $3,695,000

$1,895,714

4 Bedrooms

10

$1,295,000 - $7,250,000

$4,121,667

5+ Bedrooms

10

$2,700,000 - $6,500,000

$4,967,500

22

$720,000 - $5,000,000

$2,039,955

Single Family Homes

Condominiums

Vacant Land All

The information represented above is compiled from the Telluride MLS ytd as of 6/30/2019 and includes the Idarado subdivision. It excludes deed-restricted, commercial, & fractional properties.


What’s Selling? Mountain V il lage Under Contract

Number Sold

Sold Price Range

Average Sold Price

Average % Off Asking $

3 Bedrooms

0

2

$985,000 - $1,800,000

$1,392,500

0%

4 Bedrooms

1

1

$2,200,000

--

4%

5 Bedrooms

2

2

$4,025,000 - $4,650,000

$4,337,500

18%

6+ Bedrooms

0

0

--

--

--

Studio & 1 Bedrooms

3

8

$130,000 - $739,000

$312,125

4%

2 Bedrooms

1

3

$500,000 - $1,525,000

$1,120,833

7%

3 Bedrooms

2

9

$525,000 - $3,700,000

$1,646,111

4%

4 Bedrooms

1

5

$1,950,000 - $2,886,500

$2,327,300

8%

5+ Bedrooms

0

4

$1,454,086 - $2,400,000

$1,957,272

6%

3

7

$225,000 - $3,975,000

$1,503,571

4%

Single Family Homes

Condominiums

Vacant Land All

The information represented above is compiled from the Telluride MLS ytd as of 6/30/2019, it excludes deed-restricted, commercial, & fractional properties.


ytd

$

2019

as of 6/30/2019 there have been 42 sales in Mountain Village for a total dollar volume of $64,630,086.

5

ďƒˆ30%

compared to ytd 2018

7

#

ďƒˆ34%

compared to ytd 2018

30

$13,660,000

$10,525,000

$40,445,086

HOMES

LAND

CONDOS

210 Wilson Peak Drive, Mountain Village - Sold 6/21/2019 for $4,650,000 Sold by Telluride Properties


128 Adams Ranch Road, Mountain Village - Offered at $4,400,000


What’s For Sale? Mountain V il lage

Number Available

Asking Price Range

Average Asking Price

3 Bedrooms

4

$1,399,000 - $3,850,000

$2,884,750

4 Bedrooms

14

$1,675,000 - $6,995,000

$4,038,571

5 Bedrooms

21

$1,650,000 - $9,200,000

$4,861,381

6+ Bedrooms

19

$3,795,000 - $10,950,000

$6,204,263

Studio & 1 Bedrooms

18

$175,000 - $995,000

$393,556

2 Bedrooms

21

$389,000 - $1,699,000

$652,714

3 Bedrooms

17

$510,000 - $3,250,000

$1,601,353

4 Bedrooms

16

$725,000 - $5,495,000

$2,995,313

5+ Bedrooms

6

$2,200,000 - $4,595,000

$3,174,167

74

$195,000 - $2,500,000

$834,249

Single Family Homes

Condominiums

Vacant Land All

The information represented above is compiled from Telluride MLS data ytd as of 6/30/2019, it excludes deed-restricted, commercial, & fractional properties.


What’s Selling? Surround ing Areas Under Contract

Number Sold

Sold Price Range

Median Sold Price

Median % Off Asking $

Turkey Creek Mesa

1

4

$260,000 - $1,500,000

$912,500

13%

Deep Creek Mesa

1

2

$510,000 - $3,200,000

$1,855,000

4%

Down Valley

2

2

$460,000 - $892,000

$676,000

4%

Wilson Mesa

1

3

$202,000 - $700,900

$550,000

5%

Specie Mesa

0

0

--

--

--

Hastings Mesa

1

2

$130,500 - $200,000

$165,250

13%

Iron Springs/Horsefly Mesa

0

5

$250,000 - $1,075,000

$470,000

10%

Ilium/Ames

0

1

$220,000

--

0%

Ophir

0

1

$580,000

--

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 6/30/2019, it excludes deed-restricted, commercial, & fractional properties.


1325 East Anderson Road, Wilson Mesa - Sold 5/9/2019 for $700,900 Sold by Telluride Properties


175 Raspberry Patch, Raspberry Patch (Turkey Creek Mesa) - Offered at $6,995,000


What’s For Sale? Surround ing Areas Number Available

Asking Price Range

Median Asking Price

Turkey Creek Mesa

32

$275,000 - $20,000,000

$1,450,000

Deep Creek Mesa

42

$475,000 - $24,950,000

$3,184,432

Down Valley

9

$249,000 - $1,325,000

$697,000

Wilson Mesa

24

$185,000 - $34,500,000

$689,500

Specie Mesa

25

$197,500 - $15,400,000

$575,000

Hastings Mesa

23

$120,000 - $3,800,000

$429,000

Iron Springs/Horsefly Mesa

42

$75,000 - $11,750,000

$259,000

Ilium/Ames

1

$3,395,000

--

Ophir

7

$183,500 - $770,500

$485,000

(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 6/30/2019, it excludes deed-restricted , commercial, & fractional properties.


FEATURED LISTING Hidden Bear Ranch - Hastings Mesa I $2,690,000


Telluride Properties has participated in 36% of the dollar volume for San Miguel County Sales through June 2019, while only representing 8% 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

Profile for Telluride Properties

2019 Telluride Real Estate Activity Report Q2 - Telluride Properties  

See what happened with the Telluride Real Estate market in the second quarter of 2019 - What sold & what's for sale in Telluride, Mountain V...

2019 Telluride Real Estate Activity Report Q2 - Telluride Properties  

See what happened with the Telluride Real Estate market in the second quarter of 2019 - What sold & what's for sale in Telluride, Mountain V...

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