real estate

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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Telluride Association of Realtors (TAR) Awards Four TREC Brokers

At their annual awards dinner earlier this month, Telluride Association of REALTORS (TAR) inaugurated Telluride Real Estate Corp's Pam Guillory as their 2019-2020 President. Guillory has been on the TAR board since 2009, serving under 10 past presidents. 

Guillory honored others at her installation celebration, recognizing TREC's Steve Catsman & TD Smith, as well as Dirk de Pagter, Sally Puff Courtney and Dan Shaw for their “contribution of 40-plus years of paving the way for Telluride to become one of the most unique destination resorts in North America,” Guillory said. Coining it the Legacy Legend Award, Guillory added, "I came to appreciate their input and endless experience and recognize how they helped carve this town into what it is today,” 

Another annual honor was given to TREC's Kiplynn Smith, for the First Time Homebuyers Assistance Fund representative. 

2018 Realtor of the Year Award winner, TREC's Chris Sommers stated, "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. We strive to always improve our professionalism, education, public relations and community outreach for the Telluride region." 

Guillory was the recipient of the 2018 Community Realtor of the Year Award. An avid volunteer, Guillory 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 of its brokers who serve as leaders in our real estate community.


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