Market Update

Luxury Market Update | June 2018

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As revealed in our just-released in Christie's International Real Estate's Luxury Defined 2018 report on the global luxury real estate sector, sales of million-dollar-plus properties in second-home and resort lifestyle destinations worldwide soared in 2017. Luxury sales in second-home markets grew by 19% year-on-year in 2017 with Telluride exceeding with 37% growth in 2017. Telluride has seen $191.5M in closed transactions through May in 2018. With $97.4M in sales currently under contract, we look forward to the summer sales season.

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

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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.