greetings From beautiful Telluride, colorado
"A December To Remember" The Telluride marketplace recorded over $76M in closed sales for the month of December, the largest month for gross dollar sales since July 2007 ($90M). Relative to 2011, dollar volume for the entire San Miguel County increased 47% with the Mountain Village experiencing a 69% increase in sales volume and the Historic Town of Telluride 27%. The remainder of the county fared quite well with a 49% increase year-over-year.
The Telluride real estate marketplace not only demonstrated resiliency, but dramatic improvement in the face of an election year and a fiscal cliff. Vast improvement of gross dollar sales throughout the region and strong hints of increasing values bodes well for 2013, especially when one considers that $73.3M are currently under contract, most of which should close within the first quarter.
Investor attitudes have shifted to resort real estate for a safe haven for capital in a market that has “bottomed out”. Telluride, with its limited supply of inventory, continues to provide assurance against deflation and offers an intangible quality of life in a precise, uncrowded resort environment, with world-renowned skiing and recreation, a charming historic town center, and stunning natural beauty every direction you look. Whether it’s a hedge against other investment volatility or simply a place to share precious family time, property ownership in these parts has never made more sense.