What's hot in the region? Mountain Village continues to be a promising buyer's market for single family homes and condos thus far in '24, offering considerably lower prices per square foot and a notable inventory. Accounting for-46% of the total dollar volume YTD '24, Mountain Village has significantly less price per sf when it comes to SFHs and Condos.
| Inventory, sales and values all on the rise in early 2024 With gross dollar sales in January and February at $175M, the market has demonstrated its resiliency by exceeding the average sales of the pandemic years during the same time period of $149M. Year to date sales have increased 87% ($175.3M vs. $93.5M) and are 46% above the past 5-year average. Dollar volume in Historic Telluride has more than doubled ($44.5M vs. $19.7M) with the Mountain Village demonstrating an increase of sales of 32% ($81.0M vs. $61.3M) The average sales price in the Town of Telluride increased 69% with an increase realized in the Mountain Village of 20% The average price per square foot for single family homes achieved in the Town of Telluride was $1841 PSF while the Mountain Village average was $1628 PSF, an increase of 46% |
| All prices on graphs in Millions |
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