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Q2 2019 Telluride Real Estate Market Stats in, a Promising Q3 on the Horizon

Thus far in 2019 there has been an even split of condominium sales in Telluride and Mountain Village
with 30 sales in each. Similarly, there have been six Telluride Single Family Home sales versus five
Mountain Village Single Family Home sales. The average sales price of single-family homes and
condos in Telluride are lower than that of Mountain Village, however, price per square foot of single-family
homes and condos is higher in Telluride than Mountain Village.

Year to date, the average price of a single-family home in Telluride is $2,129,833 compared to
$2,732,000 in Mountain Village. Average price per square foot in Town is $966.99, compared to
$576.25 in Mountain Village. Average price for condos in the Town of Telluride is $1,084,001 at
$880.64 per square foot and $1,346,950 in the Town of Mountain Village at $642.83 per square foot.

Overall the dollar amount of sales has gone down 14% from last year at this time, from 225 sales at
$218.8M in 2018 to 205 sales at $187.2M in 2019. The number of sales has gone down 9%.  It is noted
that there were less showings the Winter of 2018 due to record snowfall and visitors and locals alike
enjoying the mountain.

In the past 5 years we have seen a surge in sales in May, however this year there was a 9% decline in
number of sales and a 16% decline in dollar amount compared to May 2018. However, TREC brought
in the record high for the month, co-listing and selling Lorian’s 111 San Joaquin Road 5 for $2,886,500.

The largest sale in April was Eagle’s View Reserve Condo Unit 4, a Mountain Village Condo that sold
for $1.65M. June’s largest sale was 210 Wilson Peak Drive in Mountain Village, selling for $4.68M.
It is anticipated that the market will pick back up during the summer months as record breaking
snowfall and a promising start to Q3 provide an optimistic outlook for area real estate.

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Top 10 Things to Do in Telluride under $15

 

  1. Ride the Gondola – scenic and gravity defying, our public transportation is like a gentle amusement ride.  With 360 degree views of breathtaking scenery, the 13 minute commute from downtown Telluride takes you to European inspired Mountain Village.  Cost: FREE  Intersection of W. San Juan Ave and S. Oak Street

  1. Eat at Tacos del Gnar – with a sister restaurant in Ridgeway, grab yourself a Drippy Mitch or Yard Bird taco, or shell out $10.50 (plus tax) for the Gnar Taco Dinner: pick any two tacos with cheese tots and kool beans. 
    123 S. Oak Street 970.728.7938

  1. Visit the Free Box.  The cubbyhole of Goodwills, find some of the most fantastic treasures in Telluride’s 24/7 swap meet.  Clothes, books, gadgets and household items. Cost: FREE 121 N. Pine Street

  1. Tour the Telluride Historical Museum. Museum associated with the Smithsonian with 10 themed rooms of exhibits dedicated to the area’s history & culture. $7 General Admission, $5 Students (6-17), $5 Seniors (65 and older), Free for Museum members and children 5 and under
    Free admission for active military personnel 201 W. Gregory Avenue 970.728.3344

  1. Stop by a live broadcast at KOTO.  Since 1975 KOTO has provided the Telluride region with high-quality, commercial-free, non-underwritten community radio.  Their mission is to inform, educate & entertain while reflecting the needs, desires & diversity of our community.  Cost: FREE w pre-arrival phone call. 207 N. Pine Street 970-728-4333

  1. Grab a snack at Cornerhouse – set in a historic house, this bar and grill has regular bar fare & a few Mexican dishes.  Although it is a sports bar, children are welcome.  Tables outside to enjoy the views, drink deals and a nightly specials menu.  Cost: $5 pitchers of PBR & Miller High Life, all menu items under $15.  Nightly Specials: Burger Night Monday, Taco & Tequila Tuesday, Whiskey Wednesday, Thursday is ½ off Ladies Day + Night/ ½ off Wing Night, Friday Burger Night, Saturday + Sunday Football Special, House Bloody Mary’s & signature Mimosas. 131 N. Fir Street 970.728.6207

  1. Visit Town Park – a scenic gathering place with camping & sports facilities plus a pool, playground & ice skating. Cost: Heated Pool – Adults $6, Seniors (59 and up) $3, Child (4-17) $3, Infant/Toddler (3 and under with paid adult) FREE, FREE Skateboarding & Sledding
    Items that can be checked out: Horseshoes, Basketballs, Fishing rods/tackle, Footballs, Frisbees, Soccer balls, Softballs/bats, Tennis racquets and balls, Volleyballs. 
    Reservations required: Tennis/Pickleball, Disc Golf, Indoor Ice Rink
    500 E. Colorado Avenue 970.728.2173

  1. Sample a Floradora Saloon blue plate bar special – serving fresh local food, Florie and Charlie Kane opened the Floradora Saloon in October 1973. In 2005 Florie and Charlie’s middle son, Roscoe, joined the business as the chef!
    Cost: $8 Hot Wings (6), $9 Squash Fries, $10 Duck Egg Rolls, Jalapeno Poppers, Baked Mac n’ Cheese, $12 Short Rib Poutine, $13 Honey Baked Brie, $15 Mahi Fish Tacos
    103 W. Colorado Avenue 970.728.8884

  1. Check out Esperanza’s Happy Hour – A surrogate mother to us all, Esperanza makes the best Margarita in town.  Happy Hour is ½ off Apps and Margs, chips, cabbage & salsa included.
    226 W. Colorado Avenue 970.728.8399

  1. Tasting Tour at Telluride Distilling Company. Vodka, Schnapps, Whiskey. Feel free to stop by during open tasting room hours and grab a taster and talk about any of the available products.  One of the knowledgeable bartenders would be happy to give you a rundown of how the spirits are made & the "science and engineering" behind the distillery. Advanced scheduling required for large groups or private parties.  567 Mountain Village Boulevard Suite 106B 970.728.2910

  1. *BONUS – Visit The Last Dollar Saloon for one more… with 119 years of service and a newly opened Rooftop bar & patio, this local watering hole is in the exact center of town and lovingly referred to by locals as “the Buck”.  Open any day starting a 2 PM, they have Telluride’s largest beer selection +/-60 Domestic, Imported, Local, Regional, Craft, Limited Edition and Seasonal offerings.  A fun cocktail menu and a nice wine list also available.  100 E. Colorado Avenue 970.728.4800

Where to Eat and Drink in Telluride

https://denver.eater.com/maps/best-telluride-restaurants-bars
This tiny Mountain Town might be difficult to get to, but its bustling dining scene far outpaces that of other far larger resorts.

Telluride has only about 2,500 residents, but that small size belies the depth of its dining scene. Here, you can find just about everything you’re craving, from Thai and Mexican to Middle Eastern and New American. There’s also Detroit-style pizza, steak house fare, stacked sandwiches, and damn good bloody marys to discover. Plan your trip, and go taste what this town has to offer.

—Amanda M. Faison

1. Cindybread Artisan Bakery

168 Society Dr
Telluride, CO 81435

(970) 369-1116

You’ll have to hunt to find CindyBread, which is in Lawson Hill, but if you can find Telluride Brewing Company, you can find this locally owned bakery. Most of the breads are baked fresh daily and sandwiches get the royal treatment. Don’t miss the Emma with artichoke hearts, grilled eggplant, tomatoes, roasted red peppers, fresh mozzarella, basil mayo, mixed greens and balsamic vinaigrette tucked between the bakery’s signature tomato focaccia roll. And…there are cookies!

 

2. The Saloon at Gorrono Ranch Restaurant

If you’ve ridden Chair #4 you’ve likely spotted Goronno Saloon from above. The tiny bar is housed in an old wooden outbuilding alongside Goronno Ranch, the lively on-mountain restaurant during ski season. The bar is always busy: it’s a cozy haven on snowy days when the fireplace blazes and it has a line out the cabin door on sunny days. Order what you will—beer, bloody marys, hot toddys, and bask in the rustic vibe.

 

3. There Bar

627 W Pacific Ave
Telluride, CO 81435

(970) 728-1213

Walk by this corner bar on any given night and you’ll be lured in by the seductive lighting, the intimate space, and the promise of good food and drink. Initially folks discovered There while waiting for a table at Siam (the two spots sit cattycorner from one another), but the bar has since come into its own — even spawning a Denver location. Go for small plates and the signature jam cocktails where you pick your spirit and a housemade jam mix-in.

 

4. Siam-Telluride

200 S Davis St
Telluride, CO 81435

(970) 728-6886

Tom kha soup, choo-chee chicken, roti, beef satay…by now anyone’s mouth should be watering. Siam and its Thai-inspired cuisine has garnered a devout following since opening in 2006 and that loyalty will help the restaurant as it navigates new ownership. On a previous visit, the handroll portion of the menu was unavailable but that hasn’t stopped the masses from showing up. Arrive early to nab a table.

 

5. 221 South Oak

221 S Oak St
Telluride, CO 81320

(970) 728-9507

There are times when one reads the description of a dish and you already know there are too many ingredients vying for attention. That is not the case at 221 South Oak, where one-time Top Chef contestant Eliza Gavin mines her Southern upbringing, her years spent cooking in New Orleans and Napa, and her training at culinary school in France for inspiration. Even with so many influences working at once, Gavin has a knack for distilling flavors.

 

6. Chop House Restaurant at New Sheridan

233 W Colorado Ave
Telluride, CO 81435

(970) 728-9100

While most everyone talks of the steaks at this old-school (and expensive) steakhouse, it’s really breakfast you should seek out. Located in the hotel’s grand lobby, the menu includes the usual suspects: omelets, eggs Benedict, house-made granola. The real find is the chilaquiles, and you can add steak tips for an additional $9 to make it all the more hearty. Tip: When the weather is warm, don’t miss heading up to The Roof, Telluride’s only rooftop bar.

 

7. Brown Dog Pizza

110 E Colorado Ave
Telluride, CO 81435

(970) 728-8046

Every town needs its staple pizza spot, and Brown Dog is Telluride’s. Along with Chicago Deep Dish and New York pies, Brown Dog offers Detroit-style pizza, which is rectangular, thick-crusted, and caramelized on the bottom. Don’t miss the award-winning 3-1-3, a white pizza with ricotta, Genoa salami, Calabrian red chiles, sweet piquante peppers, basil, arugula, and shaved Parmigiano Reggiano. If this combo sounds familiar, Denver, that’s because when the owners of Brown Dog opened Blue Pan in West Highland and Congress Park, they made sure that pizza was on the menu.

 

8. La Cocina De Luz

123 E Colorado Ave
Telluride, CO 81435

(970) 728-9355

Mexican food that’s healthy? Or at least healthy-ish and made with whole, mostly organic ingredients? That’s Cocina De Luz. The vibe is casual and order-at-the counter but the food is exquisite — the posole and vegan tamales in particular. Don’t come expecting TexMex, but do visit the chips and salsa bar, check out the fresh-pressed juice menu, and order a scoop of just-churned ice cream.

 

9. Caravan Middle Eastern Food

123 E Colorado Ave
Telluride, CO 81435

(970) 728-5611

For a mountain town of roughly 2,500 it’s remarkable to find a Middle Eastern restaurant that does the cuisine justice. And that’s just what Caravan, a food truck stationed on the La Cocina De Luz patio, set out to do. Browse the menu of lamb kofka, chicken shish kebab, falafel, hummus and know you can’t go wrong — and if you can’t decide, order the mezze vegetarian sampler plate. Bonus: Check out the smoothie menu.

 

 

The 5 Steps of Avalanche Safety

As the snow continues to pile up in Colorado Ski Country, we think it's as good a time as any to provide you with some resources for how to stay safe in the backcountry as well as in-bounds at certain resorts where avalanches could potentially be a hazard.

There are some fantastic resources out there to help you navigate snow hazards, medical hazards, and even human hazards such as poor judgement and decision-making skills in the face of massive lines and fresh tracks. Two great resources to start with are Backcountry Access (BCA) and the American Institute for Avalanche Research and Education (AIARE)

BCA's website has a page called 'learn avalanche safety' where you can read up on tips for avoiding avalanches, rescuing victims, resources and trainings, as well as enlightening success stories. They also have an avalanche awareness guide for download. Both BCA and AIARE abide by a 5-step method to stay safe in any snow-heavy conditions.

1) GET THE GEAR

Buy quality safety equipment if you're going into the backcountry (beacon, shovel, probe, avalanche airbag, emergency communication device), and have the best gear possible even in the front country in order to prevent potential hazards (first aid kit, extra layers, and maybe even a beacon, shovel, and probe in certain areas). Along with step 4, make sure you have terrain information and photos, a map, a gps device, and a charged smartphone or radio. Whether in the backcountry or front, make sure to practice with your equipment before heading out to avoid encountering an emergency situation and not knowing how to effectively, efficiently, and safely manage it.

2) GET THE TRAINING

Take an avalanche safety and awareness course! They are held all over the state, usually put on by AIARE through community colleges, universities, community centers, gear shops, etc. These courses will help teach you how to read a slope and how to make the necessary decisions to keep you and your group safe in avalanche terrain. They will teach you the technical skills for using the required gear in rescue scenarios as well as the human influences that can change decisions, outlooks, and outcomes.

There are many different courses to choose from, including AIARE I: Three Day Course, AIARE I: Split Course, AIARE I: Hut Trip, AIARE Avalanche Rescue, AIARE II, Avalanche Field Review, and Avalanche Awareness Clinics. Check out avtraining.org for avalanche course dates, providers, resources for instructors, and scholarship opportunities for the training courses. 

Another way to stay safe and ensure the best possible outcomes in any situation is to learn how to provide first aid to a victim, even if the injury was not from an avalanche. There are many different CPR courses happening around the state constantly, so make sure you chose the one that's best for you (courses for the public, for childcare, for healthcare professionals, etc). Search CPR courses in your area: the American Red Cross and CPR Choice Colorado are great websites to find courses all over the state.

Other trainings to obtain are in wilderness medicine such as Wilderness First Aid (WFA) and Wilderness First Responder (WFR). The care required for crises in the backcountry differs from that in the front country because you are farther from immediate, definitive medical care and your contact time with patients is generally higher. These medical trainings, especially WFR, are amazing resources to have, even if you never have to use them in a real emergency. Knowing how to remain calm and feel confident in your training is almost as valuable as the medical knowledge itself. Even if you're shredding the frontcountry, most ski patrol will be grateful to have someone with a little medical knowledge keeping the patient calm and managing any life threats in the time it takes them to reach the scene.

3) GET THE FORECAST

Read the snow report for the last few days: CSCUSA's snow report page is a great resource for this! The National Oceanic and Atmospheric Administration (NOAA) is a good spot to find the weather forecast, and the Colorado Avalanche Information Center (CAIC) gives avalanche reports for all areas of the state with new snow, as well as accident reports if there was an avalanche.

4) GET THE PICTURE

Make sure you know the route and research it thoroughly. CalTopo is a great resource for finding and creating personalized topographic maps of your planned route, as well as potential plan B, C, etc. Make a plan before you go of what terrain you aim to be on, what terrain you absolutely will avoid, as well as where you might need to make critical decisions once you get to the slopes.

This point also applies to the front country: know your group's skill level and comfort zones. Taking people out who are not prepared or comfortable in more advanced terrain is the first way that bad stories can happen. Keep everyone safe and happy both in-bounds and out-!

5) GET OUT OF HARM'S WAY

This step mostly entails knowing the dangers and off-limits terrain and avoiding them. If you take any medical courses, one of the first things you will learn is to not create any more victims by putting yourself in danger to rescue someone else. This is good advice while skiing in-bounds as well: don't duck ropes. It's not worth potentially losing your pass and it's certainly not worth a life lost to carelessness. Just because it's still on the resort, doesn't mean it's maintained for avalanche safety. Stay in-bounds if you're in-bounds, and stay safe with as much training and know-how as possible if you're in the backcountry.

...

More of a visual learner? Check out http://avtraining.org/be-avalanche-aware/ to watch these steps played out with real people and their real stories.  

If you are interested in updating First Aid kits, frontcountry gear, or looking into backcountry safety gear, here are some ideas for places to purchase:

No matter where you find yourself on a mountain, whether you're skiing, snowshoeing, hiking, in-bounds, or out-of-bounds, make sure to set yourself up for success. Have the training, have the gear, and remember that ultimately, Mother Nature is in charge. These steps and pointers above will help you have a better, more amiable connection to Her in times of epic pow days. Snow, although it looks like glitter from the sky, isn't magic. If you know what to avoid and how best to stay safe, you can increase your chances of success and an incredible day by huge margins. Stay safe and have fun with all this new fun stuff falling from the sky!

Flight Options Increase for Winter 2018/2019

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Winter Flights Schedule Announced

Flight schedules for Telluride Regional Airport (TEX) and Montrose Regional Aiport (MTJ) have been released. Highlights include United/Boutique to Telluride (TEX), added daily holiday flights from San Francisco (SFO) and New York (EWR), and larger jets on the Dallas (DFW) mainline routes.

We have entered the core booking season for winter, with sales growing each week from now through the beginning of December. Be sure to book early for best options and pricing! 

TREC Brokers Recognized by Telluride Association of Realtors

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The Telluride Association of REALTORS (TAR) named TREC's Chris Sommers its 2018 Realtor of the Year at their annual awards dinner earlier this month. Nominees for this award are chosen and voted on by their peers. In addition to this prestigious award, Sommers, the out-going President of TAR and new Past President for TAR, also won the Presidential Award for service to the organization.

“I am honored to be nominated by the past recipients of this award and humbled to have received the Realtor of the Year Award for 2018.  The Telluride Association of Realtors has been a cornerstone of this community and continues its ongoing commitment to affordable housing, property rights, volunteerism and community involvement.  It has been a privilege serving as President for the Telluride Association of Realtors, the Board of Directors and membership this year as we strive to always improve our professionalism, education, public relations and community outreach for the Telluride region," said Sommers. 

Pam Guillory was the recipient of the Community Realtor of the Year Award. An avid volunteer, Pam is involved in several organizations including the Telluride AIDS Benefit, TAR Senior Luncheons, Angel Baskets, and TAR's Board of Directors as Education Chair. TREC is proud Pam has been voted as TAR's President Elect.

TD Smith was once again the recipient of the Best Open House Award. The cuisine served at TD's open houses match his lavish listings. From Thanksgiving dinners to prime rib to seafood spreads, TD sets the bar high!

Steve Patterson has been elected to serve his fourteenth term at TAR Treasurer/Secretary. TREC is proud of its brokers who serve as leaders in our real estate community.

 

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Boutique Air Comes to Telluride

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BREAKING NEWS: Boutique Air Coming to Telluride Airport

Starting August 29, 2018, Boutique Air will offer year-round service between Denver International Airport (DEN) to Telluride Regional Airport (TEX). 

“Boutique brings a proven, high-quality operation and a worldwide partner network, a great fit for both our community and our guests coming to visit throughout the year,” said Colorado Flights COO Matt Skinner. “We are excited to partner with Boutique and deliver commercial flights to TEX for the destination.”

Even more exciting, Boutique Air is partners with United Airlines offering travelers to book and connect through the global United network. Additionally, passengers can earn and redeem miles for flights through the United Mileage Plus frequent flyer program. 

"Telluride is a world class destination, and we are thrilled to be connecting it to our Denver International hub later this month,” said Boutique CEO Shawn Simpson. 

Visit www.boutiqueair.com, www.kayak.com and at www.united.com to view flight schedules.