Telluride Quarter 3 2019
Telluride attracts visitors from all over the world with captivating scenery, year-round activities, and a historic downtown known for unique and memorable places. Nestled in southwest Colorado’s renowned mountains, the remote locale intrigues many. Telluride is known for the lifestyle, the views, and the activities – but for those who have been, this is a place truly unlike anywhere else on earth.
LIV Sotheby’s International Realty produces a Micro Market Report analyzing Telluride’s real estate performance for January through September 2019 compared to that of 2018. The Quarter 3 Report shows impressive increases in activity for many of the neighborhoods of San Miguel County. As a whole, San Miguel County continues to see a steady decrease in average days on market, witnessing a notable 15.5% drop, bringing the average days on market for 2019 to 257 days compared to 304 days in 2018. Given the remote landscape of this beautiful resort town, it’s not uncommon for homes to be on the market for a longer period of time. The decrease in average days on market demonstrates the increased competition for San Miguel County real estate.
Various neighborhoods of San Miguel County saw remarkable increases in average price including a 23.8% increase for Town of Telluride condos, townhomes and duplexes, bringing the 2019 average price to $1,176,788 from $950,916 in 2018. Likewise, Mountain Village single family homes saw an increase of 11.2%, bringing the 2019 average price to $3,248,750 from $2,922,500 in 2018.
Telluride continues to become more popular with an extremely active market for real estate. While this mountain town is tucked away deep in the San Juan’s, many value the resort lifestyle only the Colorado mountains offer and especially a lifestyle found nowhere else than in Telluride.
This Colorado Micro Market Report includes real estate data statistics for the following neighborhoods (single family, unless otherwise indicated):
Telluride, Mountain Village, Norwood, and Ridgway.