Friday, October 25, 2019 / by Kimberly Corrigan
A strong summer sales season has significantly improved the real estate market. Through the first nine months of 2019, the market has seen $328.7M in total sales, 8% off pace from last year, and 358 total sales which is a 4% increase from last
year. If historical trends hold, it is expected to see another strong month in October to continue the impressive second half of 2019.
TREC brokers were part of the top three significant sales in Quarter 3 2019 - 235 E. Columbia Avenue, Senate-Wick 123 S.Spruce Street and 109 Polecat Lane - totaling $21M. TREC accounted for 32% of all transactions and 35% of dollar volume
for the quarter. YTD TREC accounted for 51% of all transactions and 54% of dollar volume excluding mining claims, parking spaces, fractionals and deed restricted properties.
TREC’s Significant Sale of the Town of Telluride single-family home 235 E. Columbia in July was the largest for the quarter at $7.625M, $1,914 per square foot. Q3 2019 is in almost lock step with ...
Friday, February 9, 2018 / by Kimberly Corrigan
The Telluride real estate market’s total sales for 2017 finished at a ten-year record high. Sales were significantly better in dollar volume and number of transactions compared to 2016. With $616.1M in contracts losed, sales are up 36% over 2016. The number of sales is up 10% with 618 closed transactions.
The Town of Telluride’s high demand and limited inventory continue to be driving factors in the price of single family homes. With construction on nearly every block the past two years, vacant land sales have remained table, with single-family home sales seeing an increase. Finished construction projects helped drive single family home sales, which are up 11% in number and up 38% in dollar volume. Condo/townhomes sales continue to trade hands with the number of sales up 19%.
Mountain Village high-end luxury home sales continue to trend upwards. There were a record ten sales over $4M 2017. This market achievement boosted the dollar volume for Mountain Village ...