It's been over a year since we've heard from Dierks Bentley, great to catch up this morning!
We talked about his last 11 months in Telluride with the family, new mountain skills (involving fat bikes, beer & a night trail), what he hopes for this year [both in terms of Dr. Fauci & US*99 #WindyCitySmokeout) & so much more >>>
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In Telluride, the sky’s the limit when it comes to outdoor pursuits. / Photo via Amy Tice/Eyeem/Getty Images
Lots of places like to claim the title of “Colorado’s last great undiscovered ski town,” but few deserve it as much as Telluride, tucked into a box canyon that’s closer to the Utah border than to Denver. Small, remote, and uncrowded, the resort comprises a 19th-century gold-mining town and the newer Mountain Village, connected by a free, 13-minute gondola ride that’s an inextricable part of the whole experience—not to mention absurdly scenic.
When there’s snow on the ground, as there usually is until April, skiing in Telluride is only the tip of the iceberg. Ice-skating, snow-shoeing, fat-tire biking, and snowmobiling on the valley floor—a designated conservation area—are all worthy winter pursuits. Adrenaline junkies will want to try high-altitude heli-skiing with Telluride Helitrax or ice-climbing at Mystic Falls, while the less adventurous will be happy just marveling at Bridal Veil Falls, the highest free-falling cataract in Colorado. In warmer weather, there are endless opportunities for biking, hiking, and fishing, and whether you want to view wildflowers or wildlife, the Uncompahgre National Forest won’t disappoint.
Looking for some après fun? Immerse yourself in the culture, food, and old-school charm of downtown Telluride, a designated National Historic Landmark District since 1964. For such a small area (only eight blocks wide by 12 blocks long), it boasts a surprisingly diverse array of restaurants, from the New Sheridan Chop House, a fine-dining stalwart housed in a historic 1895 hotel, to the casual but superb Taco del Gnar and Brown Dog Pizza. Telluride is also beloved by culture vultures, with a bona fide Arts District boasting an impressive array of galleries and venues, not to mention live music. Later in the year, visitors and locals alike flock to the internationally renowned Telluride Film Festival. Held annually on Labor Day weekend, the Oscars bellwether has earned glowing praise from the likes of Roger Ebert, the New York Times, and Salman Rushdie.
In short, Telluride’s a small town that punches way above its weight, without the posers, paparazzi, and poor air quality of other high-end Colorado resorts. There is, indeed, gold in them thar hills, and you’ll find it here.
Situated in the secluded south-west corner of Colorado, Telluride is about as far as you can get from the choked I-70 corridor that services better-known ski resorts like Vail and Aspen. In fact, the town has no traffic lights, and the nearest stop sign is 45 miles away. It’s a six-hour drive from Denver, but thanks to JetBlue, Bostonians can now fly nonstop from Logan to Montrose, Colorado, on the airline’s weekly Saturday service. From Montrose, it’s like driving through a snow globe for an hour and a half to reach this still-pristine ski town.
Part of the Auberge Resorts Collection, the five-star Madeline Hotel and Residences in Mountain Village just emerged from a thorough facelift, with luxuriously refurbished guest rooms; reinvented public spaces, including the Timber Room resto-bar; and new amenities, such as the Recovery Ski Lounge, created by Olympian (and Telluride native) Gus Kenworthy.
Tom Brady has more than 2X as many Super Bowl rings as there are houses for sale in southeast Boulder County
ENGLEWOOD, CO – Feb. 10, 2021 – While early February spotlights Groundhog Day and the annual prediction of spring’s arrival, the Colorado housing market just keeps reliving its long-term storyline of low inventory and high demand with no predictable change in sight, according to the January 2021 housing data from the Colorado Association of REALTORS® (CAR).
With new, staggeringly low records for active single-family listings in the Denver metro area (1,994 properties) and statewide (5,241), maybe nowhere is it more evident than in southeast Boulder Countywhere, following Sunday’s Super Bowl outcome, quarterback Tom Brady now has more than twice as many championship rings than there are homes for sale (3) in the city of Louisville, a community of a little more than 20,000 people, according to REALTOR® Kelly Moye. And the insatiable buyer demand through the winter months has continued the pricing uptick creating a relative feeding frenzy for each and every available property. “It appears that today’s quest to find the perfect home is remarkably similar to the quest to find toilet paper during the early days of the pandemic,” said Durango-area REALTOR® Jarrod Nixon.
Taking a quick home-buying tour around the state, the following chart highlights the median price of a single-family home in select Colorado counties at the end of January 2021 and ranked by the percentage increase in that price from a year prior.
Taking a look at some of the state’s local market conditions, Colorado Association of REALTORS®market trends spokespersons provided the following assessments:
“303, -73.5%, $450,000 and 101.5%. These are the numbers telling the story of Aurora’s single-family housing market for January. We have 303 available homes for sale with total listings down 73.5% from January 2020. Our median price of $450,000 is the result of homes selling on average for 101.5% of list price.
“The townhome-condo market reflects much of the same with inventory down 63.5% over 2020 and the median price up 14.4% to $304,513. With interest rates extremely low and sellers fearful of a move due to COVID-19 or a number of other concerns, it is hard to tell when we will see the inventory numbers increase.
“For homebuyers, the beat goes on; be prepared to act quickly. Waiting to view a home and/or put an offer on that home may exclude you from that property. Homes are selling very quickly, and buyers need to plan to pay more than the list price. With many homes selling in excess of 100% of their list price, this is not a good time for a buyer to try and lowball on price. As we move into the higher demand time of year, we will be watching to see what direction pricing and inventory take,” said Aurora-area REALTOR® Sunny Banka.
BOULDER/BROOMFIELD “Tom Brady has won more Superbowl Championships than there are houses for sale in Louisville, Colorado. Just outside of Boulder, the city of Louisville has exactly three houses for sale, two of which have offer deadlines which will likely mean they will sell by the time you’ve read this summary.
“Apparently, homeowners in Boulder County are loving where they live, or have chosen to remodel instead of moving, as our listings in this area are down 33%. Prices are up 10% and we have two weeks of inventory left. The dwindling inventory and high demand from buyers to move to this area has created nothing less than a ‘Hunger Games’ feel in the marketplace. Sellers are enjoying the higher prices and quicker sales but find themselves challenged with finding a replacement home. This situation has caused many to stay where they are, further exacerbating the problem.
“Broomfield County is sharing this experience with its Boulder neighbor, with listings down 25% and median home prices up a whopping 19% since this time last year. With only 10 days worth of inventory in this county, buyers scramble to buy houses, as well as attached townhomes and condos. We can look for some relief as the spring selling season approaches and hopefully, we have more listings hit the market. Buyers, sellers, and REALTORS® are becoming weary in what has been an unprecedented start to the year,” said Boulder/Broomfield-area REALTOR® Kelly Moye.
COLORADO SPRINGS/PIKES PEAK AREA
“In January 2021, there were 460 active listings of Single-family/patio homes with 971 sales, compared to 4,326 active listings with 460 sales in January 2011. Also, from January 2011 to 2021, the average price rocketed 106% from $210,879 to $433,581, the median price soared 108% from $180,000 to $375,000, and the monthly sales volume exploded by 334% from $97,004,340 to $421,007,2004. So, it seems wise not to predict the future at this time.
“Last month, we recorded the highest level of monthly sales, monthly sales volumes, as well as record-high average and median sales prices compared to any January on record.The year-over-year single-family/patio home sales activity saw a 6% increase in monthly sales, over 22% increase in the months’ sales volume, a 16% increase in the average sale price, ascending to $433,581, and an over 11% increase in the median sale price rising to $375,000, with a shocking over 61% decline in the active listings.
“Last month, 76.6% of the single-family/patio homes sold were priced under $500,000, while 18.6% were between $500,000 and $800,000, and 4.7% over $800,000. Year-over-year, there was a 68% drop in the sale of single-family/patio homes priced under $300,000, primarily due to the inventory shortage, while we had a surprising 122% increases in homes priced between $400,000 and $600,000, and between $600,000 and $1 million, and an astounding over 133% increase in homes priced over $1 million.
“Buyers generally purchase properties offering competitive values, even in a vigorously robust real estate market. Unsurprisingly, even while the listings are at a shockingly low level, over 14% of the El Paso and Teller county active listings in the Pikes Peak MLS had price reductions. Undeniably, pathetically low inventory and affordability challenges due to ever-soaring prices continue to be the most challenging aspect of the Colorado Springs area housing market,” said Colorado Springs-area REALTOR® Jay Gupta.
COLORADO SPRINGS/PIKES PEAK AREA
“The housing market sprinted to more new highs as we began 2021. The median sales price rocketed up 15.2% on single-family homes and the competition in the race between buyers is absolutely brutal. In order for a buyer to actually get a chance at winning a home they have to come in above full price, offer an appraisal gap in the double digits, and then hope that the other buyer isn’t playing with full cash. REALTORS® far and wide are writing 8-10 offers for their buyers only to have buyers give up and try to rent for another year. Anytime a buyer decides they want to put in an offer it’s like getting into the ring with Mike Tyson, you are going to get pummeled.
“With over 2.7 million mortgages in forbearance and a moratorium placed on foreclosures, there seems to be little relief on the horizon. As we shed millions of jobs a month, the housing economy is once again shrugging it off. There is no good news in regard to the actual economy. The FED continues to offer trillions of dollars in relief while balancing inflation and economic fears. With so much printed money, far more than we have ever tried to print, there is no telling what the economy will do as we move forward. It seems the real balance now is trying to avoid inflation and manipulate interest rates.
“We are in a new era. These tactics have never been used by the FED like they are now and the more money that gets printed the higher the stock market and housing market goes. Are both in bubbles? I have no idea, but I can tell you that if inflation takes off and the only cure is higher interest rates to try to correct that, then we do have real problems. Like years past, we will have to deal with the market we are in today. So, if you are selling, it is going to be a great time to cash in on epic appreciation. If you are buying you are going to wish you were not. Let’s see how the year progresses and if we can get new jobless claims under control. If not, we will see that ripple through every part of the economy and housing will be the last to likely show it,” said Colorado Springs-area REALTOR® Patrick Muldoon.
CRESTED BUTTE/GUNNISON VALLEY
“The real estate numbers from all of the resort towns in Colorado tell a similar story – record sales, low inventory and increasing values. January 2021 did not provide any indication that there will be a dip or correction anytime soon. January is typically the slowest month of the year for closings, but the number of sales this year was almost double the next highest January in the last 10 years and more than triple those in January 2020. Even more impressive, the dollar volume of sales was five times the volume we had in January 2020. This was partly due to the sheer number of sales, but there also were some substantial commercial and development opportunities that added to volume.
“While inventory is low, we continue to see properties come on the market as sellers realize now could be the perfect time to cash out and use the equity for another investment. However, as in other areas, if you sell your property now, you may have trouble getting back into the market, so it is important to be clear on your next move.
“Buyers in 2021 need to be prepared to move quickly and decisively. Those who are waiting for the next downturn could find themselves waiting a while as all indications point to continued growth and appreciation.
“The Crested Butte and Gunnison area is unique among ski towns in that we have a lot of vacant land still available. Many buyers are choosing to build their dream home rather than try to find something existing that will work. The building process is not for everyone and there are also people building new homes for sale that will come on the market in the coming months. Planning to build is more involved than just buying a home or condo so make sure you have an expert to help you think through this process,” said Crested Butte-area REALTOR® Molly Eldridge.
“‘Desperate times call for desperate measures.’ It’s a saying we’re all familiar with and Denver’s real estate market has long-since crossed into the desperate. There is an impossibly low number of homes for sale and, in stark contrast, an almost limitless amount of competition for the few that do trickle in. This January, Denver saw 557 single-family homes enter the marketplace – a number not too far a deviation from previous years. What is strange however, is the fact that this 557 represents a 72.7% decrease in the supply – a direct metric of demand. Add to that only 213 homes available at any time vs. last January’s 709 and you’ve got a market that closely resembles a piranha exhibition at lunch,” said Denver-area REALTOR® Matthew Leprino.
DURANGO/LA PLATA COUNTY
“’Should I stay, or should I go?’ This is a question many property owners in La Plata County are asking themselves. Many residents, after spending the last year locked down in their homes, have realized that it is time to make a change, but where can they go?
“January’s housing stats were staggering: the number of single-family homes sold increased 40%, and the median sales price jumped 15% from the previous year. The pressing issue continues to be a lack of inventory. The number of single-family homes for sale plummeted 72% to just 108 for the entire county, which is down 80% from the same time last year. Durango’s in-town single-family listings number is just 20, with only three units under the $565,000 median price.
“While single-family home sales have increased, townhome and condo sales are down almost 18% from the same period last year. Inventory is still a problem with townhomes and condos where La Plata County currently has less than a month’s worth of townhome/condo inventory (or a total of 11 units) available. Vacant land sales skyrocketed over the last year since many buyers were unable to find suitable homes. Many have decided to build, however, finding a builder that has availability is almost as difficult as finding an existing home to purchase.
“What does all this mean for the market in 2021? Sellers are going to be faced with the difficult possibility that if they list, they may not be able to find a replacement property. Buyers are going to need to be prepared to make split-second decisions when making offers. Multiple-offer situations are occurring daily, and buyers must be willing to participate if they want a chance at acquiring a property. Brokers are working hard to secure additional inventory, but it is a huge task to fill the current demand of potential buyers.
“It appears that today’s quest to find the perfect home is remarkably similar to the quest to find toilet paper during the early days of the pandemic. We are all hopeful that there will be a loosening of inventory this spring and summer with the seasonality the market usually experiences,” said Durango-area REALTOR® Jarrod Nixon.
ESTES PARK/LARIMER COUNTY
“It’s no surprise to see a drastically low Estes Park inventory compared to last year as new listings plummeted 47.6% for single-family homes. Townhouse/condo new listings are dangerously reduced as well, down 30.8% from this time last year. Closed sales remain even for townhouse/condos, but single-family homes closed were down 52.4% from January 2020. The overall inventory of homes for sale dropped 70.5% for single-family and an even steeper -76.5% for townhouse/condos. Average days-on-market for townhouse/condos reflects that strong demand for this property type. In January 2020, townhouse/condos were sitting about 124 days on the market, this year it’s down to just 40. We continue to see average sales price climb with single-family homes up 2.3% to $552,200. However, townhouse/condos had an even more impressive increase from an average sales price of $354,504 in January 2020 to $464,621 this year, a 31.1% increase.
“Overall, Larimer County inventory is low, right along with mortgage rates, and is creating quite the imbalance in our local market and pushing up prices. The inventory of single-family homes for sale dropped 64% from this time last year. Townhouse/condos also fell dramatically, -53.3% from January 2020. With so much uncertainty, tighter finances and simply enjoying what is currently in hand, staying put seems safe. On the other hand, the demand for a new home experience is being driven by improved workspace, more enjoyable outdoor areas, and capitalizing on the unbelievably low interest rates. Competing with multiple offers and offers presented over asking price is the norm and helped drive up the average price 9.3% from a year prior to $522,907. Townhouse/condos have increased to an average sales price of $378,798, a bump of 8.3% from a year ago. The time to act on a new listing is short as the average days on market tightens in response to the ever-shrinking inventory. Townhouse/condos are closing in about 93 days compared to 128 this time last year. Single-family homes have reduced their days on market 14.7% going from 75 days in January 2020 to just 64 this past month,” said Estes Park-area REALTOR® Abbey Pontius.
“A Tale of Two Januarys. It was the best of times. It was the worst of times. These words ring painfully true in today’s housing market. At the end of January 2020, Fort Collins had a whopping 419 single-family homes for sale in what was thought to be one of the tightest January inventories in recent memory. Interest rates had begun to fall and activity after the New Year was anticipated to be quite brisk. Multiple offers for the limited available properties drove prices higher and it looked to be the best of times for sellers and the worst of times for buyers.
“Fast forward 12 months. Interest rates are lower and buyer demand is higher and there were only 171 properties for sale. The worst of times for buyers, indeed, facing a 59% drop in availability. Nearly any property under $600,000 has multiple offers on it. Buyers are likely writing half a dozen offers (or more) before finally getting their offer accepted by a seller. This effort takes a huge emotional toll on these folks looking for a house they can call home. Yet, buyers that can waive appraisal contingencies and make offers of mostly or all-cash are winning many of these contests.
“Even the once cream-of-the-crop buyers with 20% down payment, solid credit scores, and no contingency to sell their primary residence are losing out to those with extra cash to throw at these scant few listings. Even with the limited inventory, sales are up across most price points: $400-$500k – up 78%; $500-$700k – up 50% year over year. Sellers are winning – but only if they already have somewhere else to move – otherwise, they find themselves competing for the limited resale homes or opting for new construction homes being sold far faster than builders can build them.
“Supply and demand are sharply out of balance and we can expect prices to continue to rise throughout the first half of the year (median price in Fort Collins remains above $460,000 and there’s less than 30 days of inventory available). Beyond July, potential bumps-up in interest rates may occur as more people are vaccinated and the economy slowly opens up. This could slow things down a bit as buyers will lose some of the edge off of their buying power and sellers will have to adjust to less frenzied buyer demand. It will once again be the best of times but hopefully not the worst of times,” said Fort Collins-area REALTOR® Chris Hardy.
FREMONT AND CUSTER COUNTIES
“Southern Colorado, specifically Fremont and Custer counties may be a little less bleak than other areas of the state. Our Custer County mountain areas of Westcliffe and Silver Cliff have a total of 55 listings in inventory. New listings are down more than 11% over January 2020 and sales are keeping an even pace with the new listings and a median sales price of $365,000.
“Looking to Fremont County, our river valley areas of Canon City, Florence and Penrose have a total of 112 listings in inventory. Here, new listings are up 5.1% over January of 2020, but new sales are also up 9.3%. With a median sale price of $290,000, we’re giving buyers affordable housing with high-speed internet where they can phone it in most days of the week and travel occasionally to beat the lack of inventory conundrum of the big cities. It is a different world and COVID has taught us new ways to be productive. Rural areas are appealing to more and more people; it’s a social distancing of sorts,” said Fremont and Custer County-area REALTOR® David Madone.
GOLDEN/ARVADA – JEFFERSON COUNTY
“It’s Groundhog Day in Jefferson County where the housing market conditions just keep repeating our low inventory high demand scenario. With new listings for single-family homes down 10.5% we have an inventory record low of 199 active homes in January 2021, a decrease of 70% from this time last year and pushing the median sales price to $550,000.
“For condo/townhomes it is again, a repeat story. Inventory is down 68% and days on market comes in at a shrinking 22. The median sales price ticked up to $300,000 with only 67 active January listings. With low interest rates and a continued influx of out-of-state buyers, we look for more Groundhog days and months ahead in 2021,” said Golden/Jefferson County-area REALTOR® Barb Ecker.
GLENWOOD SPRINGS/GARFIELD COUNTY
“’How’s the market?’ Depends who’s asking. For sellers, they rejoice in hearing statistics that include new single-family listings down 34% over last January and days on market falling 55% to a whopping 39 days. Sold listings were up 46% while pending sales rose 41%. Garfield County had a total of 99 active single-family homes in January, a 60% drop from January 2020 that brought our inventory down 66% to a new low of 1.2 months.
“The townhome/condo sector experienced a staggering 46% decline in new listings with sold listings up 25% and pending sales up 12%. There was an 8% decrease in the average sale price in this sector yet inventory remains incredibly low, just 1.7 months supply and only 46 active listings in all of Garfield County.
“In a market hurting for new inventory, we have a different conversation with our buyers, – a much harder one. As our buyers scramble to get their foot (or offer) in the door we are seeing not only the standard multiple offers and escalation clauses, but buyers taking it a step further and deleting inspection resolution deadlines, as well as other deadlines or contingencies they can to make their offer the most appealing.
“The law of supply and demand, coupled with high cost of new construction are creating the perfect storm in Garfield County, with no end in sight,” said Glenwood Springs-area REALTOR® Erin Bassett.
GRAND JUNCTION/MESA COUNTY
“Mesa County real estate continues to be a challenge with low interest rates spurring buyer interest and activity only to struggle to find something they qualify for. At end of January, there were just 337 active listings of single- family and townhouse/condos, which is down 53.5% from the same time last year, and down 90 units since December 2020. Demand continues to push prices higher as the median price rose 11.5% year over year to $295,350, up $5,000 since December 2020. The average price rose 16.4% from January 2020 to $341,093, up $16,000 since December.
“There were just 269 new listings in January as pendings rose 14.9% and solds dipped 3.5% compared to last January. With just a one-month supply available, 2021 looks like it might be a challenging year. The tightness in inventory is also affecting the rental market, as if potential buyers can’t buy, then they are renting, and that is pushing vacancy rates down, and rental rates up,” said Grand Junction-area REALTOR® Ann Hayes.
“We’ve started out the year just okay as the lack of inventory remains the biggest issue. Active listings fell 60.3% from January 2020 to 156 as the months supply of homes hit 0.6. New listings were down 11.6% to 245 from January 2020 as pending sales rose nearly 11% and solds fell 7.7% compared to January 2020. Our median sales price rose nearly 30% year over year to $258,000 and we continue to have multiple offers for buyers to contend with. Bottom line, it’s still a great time to be a seller, not so great for buyers. Our new home sales remain very strong and builders simply can’t build fast enough for the demand,” said Pueblo-area REALTOR®David Anderson.
STEAMBOAT SPRINGS/ROUTT COUNTY
“The Good, the Bad and the Ugly. Once Upon a Time in the West, before COVID-19, the Routt County real estate market was almost a balanced market with 6.7 months’ supply – a pretty equal playing field for both buyers and sellers. The tide has changed with only 1.4 months supply and I think to myself- what would Clint Eastwood say?
“What a difference a year makes. As we rang in 2021, low interest rates, ‘the good,’ continue to be a driving force in real estate. Low inventory, ‘the bad,’ remains a problem and although new listings were up in single-family (26 vs. 13), multi-family listings were less (35 vs. 37) than a year before. Active listings were at 48 for single-family and 48 for multi-family, down 74.2% and 69.8%, respectively from December 2019. This creates for buyers ‘the ugly,’ multiple-offer situations. But as they say, beauty is in the eyes of the beholder and this multiple-offer situation is a beautiful thing to sellers.
“In this market, there are two kinds of buyers; those that have cash and those that finance. The buyers that have a ‘fistful of dollars’ make up 50% of our transactions. Our buyers are 50% local; the other 50% is comprised of 25% from the front range and the balance from out-of-state. January realized 24 single-family sales with a median sales price of $850,000 (four sales above $1.95M) and 36 multi-family sales with a median sales price of $620,000 and average sales price of $721,983.
“We can expect to see more inventory come on the spring market. Sellers who short-term rent their condo typically wait until after the ski season to list their property when the rental season is quieter. Buyers hope that buyer’s agents will make their day and a good broker will instruct their clients that if you want to play the game, you’d better know the rules. A buyer may feel like they are in the line of fire, but a good buyer always knows their limitations,” said Steamboat Springs-area REALTOR® Marci Valicenti.
SUMMIT, PARK AND LAKE COUNTY
“While we continue to wade through the health crash that has impacted our economy, there are many sectors that are struggling to survive but real estate is not one of them. There are a total of 124 listings in all of Summit County ranging in price from $266,250 for a Keystone studio and topping out at almost $19 million for a Breckenridge home. Dillon has 8 listings, Frisco just 2. The other side of this story is the number of pending listings – an awesome 471 listings on the way to closing. January 2021 had 42% fewer active listings from the prior January however, the number of sold listings was up 27%. This shows that buyers are still wanting more and are willing to pay on average $1.5 million for a single-family home and $672,000 for a multifamily property. The ski resorts are busy on the weekends. Tourists, second homeowners, and other visitors are recreating in the county and many recognize the joy they can have by living and working either full or part time in the mountains. Many locals are staying put in their homes as the local percentage of sales has dropped to about 21%, front range buyers make up 47% and out of state buyers 32%,” said Summit-area REALTOR® Dana Cottrell.
“Ho hum – another record month in Telluride with 64 sales totaling $81.94 million in January representing a 49% increase in number of sales and a 69% increase in total dollars over January 2020. Most noticeable was the drop in sales in the Town of Telluride due to a severe drop in inventory. We just listed a 2BR/2B condominium on Feb. 6 at $1.2 million. It is the only 2BR/2B condominium for sale in the Town of Telluride below $1,499,000.
“For the first time in years, January sales volume was carried first by the Mountain Village, and then by sales out of both town primary on the surrounding mesas and subdivisions. Ironically, January was down from the last six months of 2019 monthly sales averages. Lack of inventory will continue to be the major story for the remainder of 2021 sales volumes,” said Telluride-area REALTOR® George Harvey.
“January 2021 sales have started off as a mixed overall market with single-family/duplex units a negative 28.2% and townhome/condo units positive 97.1%. This type of variance can be caused by one key factor, inventory. The chart below demonstrates the significance of the situation. The new listing stats have single-family/duplex negative 11.5% and townhome/condo units up 36.5% versus 2020. Pending contracts remain strong at +45% and +21.6%, respectively. Days on market was negative 21% for single-family/duplex properties and negative 33.6% for townhome/condos which shows the strength of buyer activity in the market. However, the months of supply of inventory for single-family/duplex is 2.2 and 2.7 months for townhome/condo which is problematic. The market continues to be strong and basic economics cause the supply and demand curve to drive pricing upwards,” said Vail-area REALTOR® Mike Budd.
CAR/SHOWING TIME RESEARCH METHODOLOGY
The Colorado Association of REALTORS® (CAR) Monthly Market Statistical Reports are prepared by Showing Time, a Minneapolis-based real estate technology company, and are based on data provided by Multiple Listing Services (MLS) in Colorado. These reports represent all MLS-listed residential real estate transactions in the state. The metrics do not include “For Sale by Owner” transactions or all new construction. Showing Time uses its extensive resources and experience to scrub and validate the data before producing these reports.
The benefits of using MLS data (rather than Assessor Data or other sources) are:
Accuracy and Timeliness – MLS data are managed and monitored carefully.
Richness – MLS data can be segmented
Comprehensiveness – No sampling is involved; all transactions are included.
Oversight and Governance – MLS providers are accountable for the integrity of their systems.
Trends and changes are reliable due to the large number of records used in each report.
Late entries and status changes are accounted for as the historic record is updated each quarter.
New citizen science project monitors local herd behavior
Special Thanks Bria Light, Telluride Daily Planet Staff Reporter
The sight of a herd of elk clustering photogenically against the lush backdrop of the Valley Floor, a passel of telephoto lens-wielding tourists in tow, paints a certain kind of picture. The elk, looking rather aloof, seem unhindered by the presence of the humans that surround the vicinity on all sides. The herd, at certain times of year dotted with adorably lanky legged little ones, seems to indicate a prosperous population, and the protected nature of the three-mile stretch of Valley Floor shines as a triumph of conservation over the unbridled proliferation of multi-million dollar vacation condos.
Yet the buck doesn’t stop there. The more complex reality is that the elk population has been declining in southwest Colorado for several years, as measured by the calf-to-cow ratio. While Colorado Parks and Wildlife has been investigating the phenomenon, scientists have yet to collect sufficient data to understand why.
Understanding more about the presence and behavior of this iconic species on Telluride’s Valley Floor is the focus of a new collaboration between Sheep Mountain Alliance, the Mountain Studies Institute and the Telluride Institute’s Watershed Education Program, and it’s open to the public to participate. The project aims to engage interested community members and local school kids, along with area scientists, to monitor and record wildlife, especially elk, and to collect and share that data for use in decision making by public agencies. To that end, 10 wildlife cameras, disguised by camouflage coloring and mounted on trees at about three feet high, were placed at strategic locations around the Valley Floor last week, kicking off the data collection phase of the project.
“We hope to capture data on their whole lifestyle — eating, sleeping, how many months they are spending in the Valley Floor, where they are coming from and leaving from, and how they utilize the Valley Floor,” said Mason Osgood, community outreach coordinator for Sheep Mountain Alliance, noting that much of what is known about elk and wildlife on the Valley Floor is anecdotal, while project offers a scientific approach conducive to data collection.
Students at the Telluride Intermediate School and Mountain School will “adopt” four of the project’s six wildlife cameras, heading into the field periodically to retrieve the SD cards, download the images and report their findings. The project is hoping to bring on additional volunteers from the community to “adopt” the remaining cameras for the rest of 2021, who will receive training and a way to participate in a scientific process that may help safeguard the future of the valley’s charismatic megafauna.
Despite appearances, elk are sensitive to human presence and prefer to be left alone. Yet the migratory nature of the species means that they can’t simply retreat to more remote areas — they need corridors like the Valley Floor to travel between lower elevations in the winter and higher elevations in the summer.
“The Valley Floor acts as a transition zone for the elk,” explained project manager Dr. Garrett Smith, director of science and research at the Telluride Institute. “It’s a landscape that they utilize when they migrate from the West End up into the high basins for calving.”
The nature of expanding human presence and increased interest in outdoor recreation, he said, has led to “fragmented landscapes” often subject to developmental pressures, and the health of a species like elk should not be taken for granted, especially given the declining numbers.
“This project allows the community to take ownership in the issues and the landscape, to understand how to do things and why,” Smith said. “And to help decide, based on the data, the future of it.”
Those interested in participating, he noted, can reach out to any of the collaborating organizations, with both financial and volunteer contributions to the project welcome.
“The Valley Floor in Telluride was protected by a community effort, and having the community participate in the science now is a good follow-up to that process of preserving it,” he said.
Seems simple enough. Clearly, it’s a better way to approach most anything. Together, for instance, we as a community continue to navigate this global pandemic.
With the arrival of vaccines in San Miguel County, we are methodically continuing a slow march toward what we all hope is an eventual return to a new normalcy.
(An aside: In my opinion, the orderly professionalism of the countywide vaccine program to date has been entirely reflective of the orderly professionalism shown throughout the Covid-19 pandemic by our local public health officials and medical professionals.)
To be sure, our march has obstacles and making it through this winter still hangs entirely on one hook: complying with the Five Commitments together.
In other words, together, we need to accept being apart from each other a little longer.
As the pandemic has progressed, another challenge has emerged as economists sound the alarm on a K-shaped economic recovery that is only serving to accelerate inequality.
That K-shaped recovery — where the fortunes of some are skyrocketing while those of others stagnate or dip, forming a “K” on an economist’s graph — is happening locally too.
It’s a sign that we as a community need to understand and work to manage our recovery together.
In our little hamlet, for instance, liquor, cannabis, grocery, real estate and those connected to real estate transactions are all gratefully surprised I’m sure as they ride out, reasonably well, these strange times.
Meanwhile, wedding planners, events, bars, theaters, music venues and festivals are struggling, as are restaurants, retailers, lodgers and the professional services and nonprofit communities.
In 2020, the total sales tax collected by the Town of Telluride and the Town of Mountain Village shows only a single-digit decrease from 2019. We know, we know, we talk about sales tax a lot. Sales tax, though, is an important metric, one we monitor closely to better understand how our local economy and community are faring.
In this case, that single-digit decrease is masking somewhat the reality that some sectors of our local economy are coping and others are not.
With this in mind and as we look forward to summer 2021, over the last several months we at the Telluride Tourism Board have utilized both our expertise and our experiences as people who live and work here. We have examined the data and listened to community members to see what is working and what can be improved upon.
In particular, our aim is to work together with elected officials from both towns and the county on a process to get this summer “right”. It’s a process that will seek to address everything from the local experience to visitor flows (people as well as traffic) and more.
The TTB also continues to support the work, under the county’s oversight, of the Economic Recovery Committee in addressing the concerns and issues facing local small business owners, especially against that backdrop of an uneven recovery.
On the key question of how festivals will fare this summer, we recently heard from Planet Bluegrass’s Craig Ferguson. Craig is very wrapped up in proposing, for local approval, creative ideas for music to grace our canyon safely this summer.
Elsewhere in the arts community, we are excited to see what Kate Jones, Judy Kohin, Ronnie Palamar, Colin and Sasha Sullivan and others do to build on last summer’s creative offerings with more of their trademark innovative thinking. The festivals and arts sectors know they have our support and available resources as needed.
Reflective of a pivot, begun pre-pandemic, from an entity that markets the destination to one that contemplates and supports management of the destination, my colleagues and I also remain involved in a number of initiatives and collaborations — with the Telluride Mountain Club, the dining and retail communities, the Telluride Ecology Commission and Mountain Village Green Team, among others — and still others yet to come.
Navigating the pandemic has taken the efforts of the entire community working together. Navigating a potential emergence from the Covid crisis and economic recovery will take the efforts of us all, once again working together.
Special Thanks Bria Light, Telluride Daily Planet Staff Reporter
We’re all familiar with the little produce stickers proclaiming that bundle of cilantro from Mexico, or that underripe-looking tomato from California. But it doesn’t have to be that way, and for the fourth year in a row, qualifying Mountain Village families and residents will have the opportunity to receive a free weekly box of fresh food grown and produced on Colorado farms just down the road. The program, called Farm to Community, will provide a community supported agriculture (CSA) box of fresh veggies and other products like eggs and bread for 14 weeks this summer, beginning June 16.
To qualify, applicants must live in deed-restricted housing in Mountain Village and either meet certain income requirements or be a household of at least one adult and one dependent.
“The whole purpose of this program has been to do three things,” explained Zoe Dohnal, business development and sustainability director for the town of Mountain Village. “We want to help our residents that may not have the resources for a CSA, we want to support local farmers in providing local produce, and we want to reduce greenhouse gas emissions. This program does all three of those things.”
Applications for the program are now open on the Town of Mountain Village website, and for a one-time $35 application fee, 80 qualifying households will receive a weekly box of farm produce and goods from mid-June through September. Applications and assistance are available in both English and Spanish. The boxes must be picked up between 11 a.m. and 4 p.m. on Wednesdays at the Market on the Plaza, Mountain Village’s weekly summer farmer’s market in Heritage Plaza.
“We’ve gotten so much great feedback,” Dohnal said of the program. “I’ve have parents tell me, ‘My kids have never eaten so many veggies.’”
Each box comes with recipes tucked in among the veggies with ideas from the farmers, so that items like rutabaga, parsnips or bok choy make their way into tasty new dishes instead of languishing in the refrigerator, the wilting victims of culinary uncertainty. Beyond the health and flavor advantages of the nutrient-dense local produce, the benefits of weekly farm boxes extend beyond the food itself, encouraging shoppers to make healthier choices at the grocery store and try new things.
“It is actually harvested and in your kitchen within a day or two so you get the peak of nutrition and flavor,” said Sam Andrews of Norwood’s Birdhouse Farm, who helps coordinate getting the farms’ goods into the hands of participants, along with Norwood’s Fresh Food Hub and other farmers. “It also benefits the farmers as more money goes directly to the farmer rather than to the middlemen and distributors.”
Since many Mountain Village residents make regular trips to Montrose for grocery shopping, the weekly food box also helps cut down on environmentally harmful emissions, not only by reducing trips to surrounding cities but by drastically slashing transportation distances to get the veggies from the soil to the salad. Supporting local farmers also cultivates a long-term view of healthy, connected communities.
“A farmer is here for the long haul, often thinking of their kids and grandkids in farm decisions,” observed Andrews. “They are helpful, knowledgeable and family oriented, they make great neighbors. They rush to the aid of a neighbor, to help pull you out of the ditch or put out a fire. They are by their very nature very caring people.”
The Farm to Community program is funded by the Town of Mountain Village, which allocates $60,000 annually to support the program. It’s a team effort, relying on a dedicated corps of town officials, volunteers, farmers and participants to succeed. Last year, due to the unprecedented hardships caused by the COVID-19 pandemic, the town expanded the program to provide the CSA boxes for an extended period of time, serving over 18,000 pounds of food to 85 families.
When residents come to the Market on the Plaza to pick up their box, they can talk directly with a farmer, gaining a direct connection to the food they eat, where it comes from and how to cook it. For busy working parents or residents working multiple jobs to make ends meet, the program offers a vibrant, tangible way to support a thriving, healthy local community.
“We really want this to be as inclusive a program as possible,” said Dohnal. “We want to include everyone who is qualified.”
Making CSA shares accessible to more members of a community is the gift that keeps on giving, according to Andrews. Consumers benefit, farmers benefit, the land, animals and environment benefits, and communities benefit.
“By supporting local farmers, whether it’s a cattle ranch or veggies or fruit orchards, we are preserving a heritage of sustainable agriculture while also ensuring our good health with good food, hopefully for generations to come,” she said.
This year's Super Bowl is historic in several ways.
How Tampa's one-of-a-kind Super Bowl will try to avoid being a 'superspreader' event
TAMPA, Fla — When the Tampa Bay Buccaneers and the Kansas City Chiefs take the field on Feb. 7, it will truly be a Super Bowl unlike any other. It will be the first to be played amid a global pandemic, marking the end of a full NFL season played in spite of the COVID-19 threat. With that in mind, we've narrowed down the top ten unique facts and firsts you'll see in Super Bowl LV.
Could Super Bowl LV End Up Being Biggest Game in Patrick Mahomes' Career?
The stadium concession stands will be cash-free for the first time in the Super Bowl's 55-year history. This follows a trend we've seen in other sporting venues, including Tropicana Field and Amalie Arena. Cards and mobile payments will be accepted inside Raymond James Stadium.
This Super Bowl will be the first not to be played in a full stadium since the inaugural AFL-NFL Championship Game in 1967, which failed to sell out. Because of COVID-19, the NFL restricted the seating capacity at Raymond James Stadium to 22,000. That number includes 7,500 very special guests.
Health Care Workers Invited
NFL Commissioner Roger Goodell extended the largest invite ever to a single group of people for a Super Bowl. More than 7,000 vaccinated health care workers from around the country will attend Super Bowl LV as a way to give thanks for their hard work during the pandemic. Many will come from Bay Area hospitals, although all 32 NFL teams are able to extend their own invitations.
Country star Eric Church and R&B singer Jazmine Sullivan will perform "The Star-Spangled Banner" as a duet prior to kickoff. This will be just the second duet for the national anthem at a Super Bowl. Aretha Franklin and Aaron Neville teamed up to sing at Super Bowl XL in 2006.
A Woman on the Field
Who run the world? Girls! Down judge Sarah Thomas will become the first female game official in a Super Bowl. The mom of two has been an NFL official since 2015.
Women on the Sideline
Thomas is not the only woman making Super Bowl history. The Bucs will have two female coaches on their sideline -- assistant defensive line coach Lori Locust and assistant strength and conditioning coach Maral Javadifar. Head coach Bruce Arians hired Locust and Javadifar when he took over the team in 2019.
This Super Bowl will be the first to match up the two previous winning quarterbacks. The Bucs' Tom Brady won Super Bowl LIII with the New England Patriots, while the Chiefs' Patrick Mahomes led his team to victory in Super Bowl LIV last year.
Oldest Starting QB
When Tom Brady takes the field to lead the Bucs offense, he'll break his own record as the oldest Super Bowl starting quarterback. He'll be 43 years, 188 days old. Brady is already the fifth-oldest QB to play in any NFL game.
Arians' Age Milestone
Bruce Arians is also proving you're never too old. The 68-year-old leader of the Bucs will be the oldest coach to make his Super Bowl debut. It's an incredible feat for a man who didn't get his first NFL head coaching job until he was 60.
First Team to Play a Super Bowl at Home
Last, but never least, the Bucs are the first team to make it to a Super Bowl on their own home field. They'll enjoy many of the comforts of home, with one notable exception: the iconic pirate ship behind the north end zone has been removed, just as it was the first two times Raymond James Stadium hosted a Super Bowl. But despite the Bucs' home-field advantage, the Chiefs are going in as a slight favorite.
Clean, crisp air, sparkling river canyons and snow-dusted Rocky Mountain vistas are just a few of the things that make Colorado truly unique and a favorite destination amongst domestic and international travelers. Without reservation, you should focus a trip around all this intense, jaw-dropping nature and corresponding outdoor activities, but you’re also likely to make your way into town at some point, and when you do, you’ll want to carve out some serious time. The many adorable, small towns in this state cropped up thanks to their mining past, and today possess a decidedly Western charm with plenty of outdoor spirit. Here are some of the most charming towns The Centennial State has to offer:
COVID-19 Update: Whether you’re dipping your toe back into local travel, or just starting to plan your next vacation, these 15 small towns in Colorado should be high on your list. But if you do visit right now, remember to stay smart, mask up, keep your distance and adhere to all CDC and local guidelines.
In addition to being a skier’s dream, the Vail Valley looks like an actual snow globe come to life. Nestled at the foot of sweeping mountains, Vail Village is steeped in European Alpine charms and is home to amazing bars, restaurants and shopping. For boots with the fur, our favorite fuzzy place in town to lay down some serious cash is Gorsuch, a ski meets fashion and home wonderland.
Yes, there’s quite a popular Kia SUV named after this town, and for good reason. For one, Telluride is renowned for its world-class ski slopes, hiking and golf courses. Once you're done with aforementioned physical activities, you won’t be let down by the Victorian-era mining village though, which is bustling with shops and popular places to pick up a slice and chill out with a beer, like Brown Dog Pizza and High Pie Pizzeria & Tap Room.
Already a world-renowned destination that’s favored by the jetsetter crowd, you too can enjoy the best views of the Rocky Mountains in Colorado from the comfort of your soon-to-be favorite town. Aspen is jam-packed with delicious restaurants, bars, nightlife, museums and high-end shopping, not to mention four distinct and wonderful ski areas—Aspen Mountain, Aspen Highlands, Aspen Snowmass, and family friendly Buttermilk.
This resort town packed with cabins and summer homes surrounds the largest natural lake in Colorado and nestled against Rocky Mountain National Park and Estes Park. It’s the perfect town for snowshoeing and cross-country skiing in the winter, and hiking or camping in the summer. An Insta-worthy lakefront setting and historic boardwalk boasting art galleries, shops and restaurants make it a gem for any Colorado-bound visitor.
Ouray is nicknamed the Switzerland of America, and with sweeping, panoramic views of the San Juan Mountains, we can attest that it’s as close as you’ll get to that high mountain Alps feel without boarding a jumbo jet. Situated in a stunning river valley and sitting at nearly 8,000-feet in elevation, amongst its many handsome brick-faced buildings, there’s a local brewery, waterfall park, ice park, and popular mine tour nearby to keep you busy.
Located in the Yampa Valley of northern Colorado, travelers can visit the Howelsen Hill and Steamboat ski resorts. Steamboat offers six peaks, including the iconic Mount Werner. Another amazing aspect of this town is that it’s home to a geothermal hot spring that offers swimming, soaking pools and even water slides. Go’head, unleash your inner child and get involved.
This town that roughly 18,000 people call home is located in southwest Colorado and is surrounded by some of the state’s most dramatic and diverse landscapes. It offers the sandstone bluffs of the Animas River Valley, as well as the jagged, dramatic peaks of the San Juan Mountains. But maybe most notable are Durango’s unique shops—where you’ll find everything from cowboy boots to antler chandeliers to luxe beauty products and fine home furnishings. There’s a divine restaurant scene and a standout local art scene here, too. Another major draw: The Durango and Silverton Narrow Gauge Railroad—which in wintertime looks straight out of a scene of The Polar Express.
Paonia is named after the vast array of peonies that are grown in the area. The area features a lush landscape that produces fruits, vegetables and flowers, as well as an abundance of outdoor activities. Refinery is a popular store for what they describe as “upscale resale clothing for women and men” as well as gifts and other handmade items. There’s also an adorable wine-meets-art gallery in town that boasts incredible views and a more incredible Riesling.
Pagosa Springs is also home to beautiful hot springs where you’re just as likely to find true relaxation as you are entertainment. With a small-town feel, this southwestern Colorado town will dazzle you with shopping and dining options in and around town. These include the Alley House Grill (serving American fare), Thai Pagosa, The Lost Cajun, and an experience you cannot miss, Sage Mobile Eatery—where comfort foods are served out of a trailer and you can socially distance at the outdoor picnic tables.
Glenwood Springs is known as Colorado’s land of water and sits between the Colorado and Roaring Fork rivers. If bubbling hot water is your thing, you’ll want to check out the area’s few different hot springs, but you could also get involved in snow sports or Gold Medal fishing, and an array of other outdoor activities. The downtown has outdoor dining areas, key in these times, plus independently owned bookstores, boutiques, and thrift shops, but most importantly, the town website lists that there are several shops for those with a sweet tooth.
If you’re looking for a romantic getaway, Loveland, which is near Fort Collins, is known as the Sweetheart City. It’s become famous for its love stamp program, which re-stamps and sends out envelopes from around the world from the city of Loveland. The town’s proximity to Denver makes it an obvious stop for those traveling through, and when they do, they’ll find primo public art and sculptures at Chapungu Park that will make them glad they did.
What’s not to like about Palisade, the wine country of Colorado? Sitting in the heart of Grand Valley, the town of Palisade offers acres of vineyards, stunning lavender fields and breathtaking orchards. One place that sticks out in this fantasyland is Anita’s Pantry & Produce, a farm stand that sells one-of-a-kind jams, jellies, salsa, syrups, fruits and veggies and more. In this town of almost 3,000 citizens, you can also have a top tier meal at Pêche, enjoy one of the state’s top craft distilleries (Peach Street Distillers) or get involved with a wine flight at Colterris Winery.
Crested Butte is known as the wildflower capital of Colorado, and it draws just as many explorers in the summer for its mountain biking trails as it does in the winter for its sickening ski slopes. For breakfast, lunch, après ice cream—and some seriously out of this world, Cornish-style pasties—look no further than the adorable Tin Cup Pasty Co & Double Top, which is set in an updated miner’s cabin.
Crestone is perhaps one of the more unique, special towns you’ll ever visit (with some of the most equally unique spots to stay at). It’s tiny, but it attracts lots of artists, outdoor-lovers and even those seeking a religious experience in its secret town called Shangri-La. For an intro experience that’s more spiritual than religious, simply climb to the top of Crestone Ziggurat. Or, get an otherworldly experience at the UFO Watchtower. It’s the kind of Americana kitsch you’ve been dreaming of.
Leadville sits at 10,152-feet, which makes it the highest incorporated city in North America. It sits in between Mount Elbert and Mount Massive and offers an array of outdoor activities and scenic views. What can only be described as a lawless mining town turned tourism hot spot, one of Leadville’s most attractive reasons to visit is the Leadville Railroad, which offers scenic Rocky Mountain rides that let you bask open air both in sunlight and Colorado’s natural splendor. This year, the train will open up for Memorial Day weekend with limited capacity and social distancing enforced.