As we write this Telluride is in the middle of another snowstorm with precipitation forecast through the weekend and the possibility for large accumulations. The mountain is in great shape and ready for spring break visitors!
Last month we told you the market was off to a strong start. Recent reports confirm this with the dollar volume of sales through February up 87% over 2023 at $175 million (second only to 2022’s $184 million) and a number of sales up 25% YTD. Values are also up with the average sales price in Telluride up 69% over last year and the average sales price in Mountain Village up 20% over 2023. Additionally, dollar volume in Telluride has more than doubled YTD and increased by 32% in Mountain Village. High dollar sales (over $5 million) are also double what they were last year.
Inventory is also on the rise and unlike in years past when new listings were most prevalent at the start of the summer and winter seasons, today we are seeing new offerings consistently coming to market, and properties that are newer construction and well-priced are trading readily. If you've been looking to get in the market and see something you like, don't hesitate. March looks to continue the 2024 trends with over $36 million in sales to date and $50 million more under contract and scheduled to close by month’s end.
If you have questions about real estate we'd be happy to jump on a call with you or prepare a report. Feel free to contact us online or give Jim a call at (970) 708-2255.
If you're on Instagram or Facebook please consider following us there for more timely updates at @lucarelli.telluridelifestyle and Lucarelli.TellurideLifestyle
