Telluride Real Estate Q2 2021 Market Report

As we cross the halfway mark of 2021, the Telluride Region’s real estate market continues charging full speed ahead. As inventories have dwindled over the past year and a half, San Miguel County’s dollar value of sales has continued to rise, increasing 207% year to date over the prior 5 year to date average.

Telluride Real Estate Q1 2021 Market Report

See what happened with the Telluride Real Estate market during the first quarter of 2021 – What sold & what’s for sale in Telluride, Mountain Village, and surrounding areas.

Read the update here.

Telluride Real Estate Q4 2020 Market Report

Wow, what an unprecedented and unpredictable year 2020 was. Full of heartbreak and turmoil for so many, we in Telluride were reminded time and time again how lucky we are to enjoy the lifestyle provided by our quaint town in the San Juan Mountains.  As we reflect on the trajectory of the Telluride real estate market over the past 12 months, it seems that that very lifestyle sentiment was a prevailing force in driving an extraordinary influx in demand as home sales volume reached all-time highs. In fact, the previous total dollar volume mark set in 2007 at $756.6m was blown out of the water, with $1.16 billion in total sales volume since the start of 2020. Incredibly, every month of the year exceeded $125m in sales volume in San Miguel County. 

All across ski country, from Aspen to Jackson Hole to Big Sky, a flood of new demand has been the story of the past year, driving prices to new heights in many areas. 46% of Aspen’s 2020 dollar volume came from home sales in excess of $10m. In Jackson Hole, $3000+/square foot is the “new normal” for the upper end. By comparison, the Telluride surge has been more of an exacerbation of underlying dynamics; a steady increase in prices – particularly in town – and a dwindling town-of-Telluride inventory were influencing factors even a year ago, before the pandemic. Today, the average price per-square-foot of Telluride and Mountain Village homes currently on the market is at $1340, up modestly from the average of $1006 in 2019. Even with recent “outlier” sales in the upper echelon of the per-foot metric, Telluride continues to represent a more sustainable price appreciation than comparable resort towns in the west. While the highs that our market achieved this past year are completely unmatched, the dynamics behind those highs in Telluride are full of substance. 

What buyers sought in droves this year will remain in Telluride in spades for years to come. The authenticity of the Telluride lifestyle, the wide open spaces and fresh air are here to stay, even when the pandemic is no more.

Read the full report here

Click Here for the Full Market Report

Telluride Real Estate Q3 2020 Market Report

Telluride Real Estate Market Update – October 2020
Click on the above report for a comprehensive Market Update, summarizing the current state of affairs in the Telluride Area Real Estate Market.If ever there were a year that we wished we had a crystal ball it would be 2020. As the Telluride real estate market flourished from outstanding new-construction inventory in 2019, the first quarter of 2020 brought us the pandemic, cancellation of our beloved summer festivals and a general and universal air of uncertainty. However, in spite of these unprecedented circumstances, the indubitable qualities of this remote San Juan Mountain refuge have proven to outweigh the uncertainty.

Like many of Telluride’s competitor’s and proverbial peers (Vail, Aspen, Jackson Hole, etc.) the summer of 2020 has taken the real estate market to new highs, particularly on the high-end. The paradigm has shifted and Buyers are reexamining the meaning of home, particularly in a place like Telluride, which was named one of the healthiest and most active counties in the entire country. The results are undeniable: Since June 2020, nearly 500 properties have contracted or sold totaling over $500 million. The third quarter of 2020 produced a dollar volume of more than $373 million, which is an all-time dollar volume high for any one quarter and surpasses the total dollar volume for some full calendar years, including the annual totals for 2010 through 2013….

Click Here to read the full report

Ski Season Update!

Telluride tickets and passes are on sale now! Availability may be limited, don’t miss your chance to purchase your Telluride Pass at the best price!

If you purchased a regional pass between the dates of August 1, 2017 & April 7, 2020, you can renew your pass online at regional rates. Buy now for this winter’s best rate or view Sales Event info.

Click Here to Buy Your Pass

O’Neill Stetina Group Social Media

Make sure you follow us on all of our social media channels! We will be adding new content, listings information, highlighting local trails, and doing virtual open houses. This is a great way to keep an eye on Telluride until you can get back here again! Click below for links to our Instagram and Facebook pages:

Telluride Winter Flights Update

JetBlue has added a handful of flights (5) from New York (JFK) and Los Angeles (LAX) on select weekends between Dec 19 – Feb 20 to their scheduled Boston (BOS) service this winter. While a minimal change to overall capacity, these flights provide additional options from key markets that had seen a reduction in service this winter, and reinforce JetBlue’s commitment to Telluride and the region.

In a year that can only be described as a rollercoaster in the air industry, Telluride’s winter flight schedule is finally starting to take shape. With new players and routes taking the place of some historic service, flight options will have a different look. However, even as the schedule is announced, it is with the caveat that each of these airlines will continue to adjust service on a month-to-month basis as the pandemic and recovery continue.

Click Here for the Full Update on Flights

As always, thank you for reading and feel free to reach out with any questions. We hope to see you here!

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[ Telluride Update]

Real estate stays hot as the weather starts to cool

Telluride September Update

Real Estate

As Telluride sees our first snowfall of the coming Autumn, the real estate market has remained piping hot. The month of August shattered the previous single month Sales Volume record with $125m closed. This annihilates the previous record of $96.9m set in December of 2019! Given the current pandemic, low interest rates and an undeniable surge of buyers leaving urban areas in search of the mountain lifestyle, demand for Telluride is at an all-time high. This high demand has resulted in a 54% increase in dollar volume in 2020 year-to-date ($455.92m) compared to the prior 5-year average of $296m year-to-date.

Ski Season is Coming!
Season passes to Telluride Ski Resort just went on sale today. Passes are available for renewal for previous year pass holders.
Simply login here if you’ve bought a pass online before:Telluride Ski Pass 2020-2021

As always, thank you for reading and we would love to hear from you. Send us an email or give us a call!

-The O’Neill Stetina Group

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