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.