Over President's weekend we received 36 inches of snow in 7 days, making for some great skiing. The holiday weekend was busy with a number of events, including the annual Comedy Fest.
Real estate sales for January slowed, and were down 37% in dollar volume and 31% in number of sales from January 2024. Looking back 5 years, only January 2023 had lower dollar volume. With just one month of data this could signal a stabilization of the market or just a seasonal anomoly. As we start the new year we've seen some spectacular properties come to market, including a penthouse over the Kazahana restaurant in Telluride listed at $23.8 million. With the busiest weeks of the winter season ahead of us, we expect to see more and more activity.
Should you have questions about specific market segments or would like to know the value of your property, we’d be happy to connect. Feel free to contact us online or give Jim a call at 970-708-2255.
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