Our market continued its strong run with three record months and, according to Telluride Consulting, the first quarter of 2021 saw the largest dollar volume ever recorded at $287.67 million with 219 sales. This puts us up 89% in dollar volume and 78% number of sales over 2020. Interestingly a large portion of the first quarter sales were vacant land sales indicating buyers are turning to building when they can’t find the homes they’d like. As we’ve been saying for a while now, the biggest limiting factor to our market’s growth is inventory and this is also the primary driver of the higher valuations
About the author
Jim Lucarelli is a seasoned Colorado real estate agent with over 34 years of experience, primarily in the Telluride market. Formerly owner of Real Estate Affiliates of Telluride, he joined Compass in 2020, leveraging their advanced resources. A four-time past president of the Telluride Association of REALTORS® and three-time REALTOR® of the Year, Jim has deep market knowledge, especially in ranch properties. He's also experienced in construction management and actively involved in the Telluride community, serving on several boards.
[email protected] | Office: (970) 728-0213 | Mobile: (970) 708-2255
Jim Lucarelli is a seasoned Colorado real estate agent with over 34 years of experience, primarily in the Telluride market. Formerly owner of Real Estate Affiliates of Telluride, he joined Compass in 2020, leveraging their advanced resources. A four-time past president of the Telluride Association of REALTORS® and three-time REALTOR® of the Year, Jim has deep market knowledge, especially in ranch properties. He's also experienced in construction management and actively involved in the Telluride community, serving on several boards.
[email protected] | Office: (970) 728-0213 | Mobile: (970) 708-2255
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