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February 25, 2005
New facility in Mountain Village
The site has shrunk to the size of a “postage stamp,” said Steve Blackburn of the Barker Rinker Seacat Architecture firm out of Denver. Even so, he has managed to design a 38,200 square foot family entertainment center to fit its designated site in Mountain Village. Blackburn said the Telluride Ski Resort is one of a handful of top tier ski areas without a facility like the one proposed.
The design presented at the Jan. 25 meeting had been revised in response to comments made by the public and to fit a reconfigured site plan. The site is located west of lots 50/51, across Mountain Village Boulevard. It is bounded on the north by a shared lot line, on the east by Mountain Village Boulevard (to be reconfigured to accommodate traffic flow to the facility and development on lots 50/51), on the south by the Chondola setback and Village Court condos, and on the west by the Peaks return ski trail. The Chondola setback is 35 feet from the cable, larger than originally anticipated, causing the footprint of the building to be reshaped. Designers plan to push the Peaks return ski trail on the west side of the site further down hill to expand the building in that direction. How far out the trail is moved will be determined by the grade (5 percent minimum) and the cost of constructing a retaining wall.
The Town of Mountain Village is currently negotiating the transfer of the land with the Telluride Ski and Golf Co., owner of the lot. “Telski is cooperatively working with us,” said Mollye Wolahan, Director of Community Development for the Town of Mountain Village. “They see it as an amenity for the ski resort and are allowing us to go forward with plans for the facility.”
The real estate market in the Mountain Village is increasing at a steady rate. More families are moving into the condos and homes, or building new homes on vacant land in Mountain Village. It is becoming more family oriented as people want to get away from the hustle and bustle of Telluride.
The proposed facility has five levels, with three of them being underground and two of those for parking. Public input from the January meeting included the desire to make the facility a gathering place for the community, a sort of “community living room,” adding more multi-purpose rooms, offering a place for teenagers to hang-out, and making the project affordable, possibly with a 25-30 year bond.
Blackburn estimated the total cost of the project at $16.7 million. He added on to that a 10 percent contingency for a final cost of $18.5 million.
The revised plan includes a fifth level mezzanine with an aerobics/dance studio and two multi-purpose/community classroom spaces.
An additional underground parking level was added to accommodate another 55 cars. The second underground parking level has space for 28 cars. This will be very useful as tourists are staying in the condos or second family more than they were before.
Recreation and entertainment services included in the facility are a four-lane bowling alley, 80-seat movie theater, arcade, 2,200 square foot weight and fitness area, two-lane lap pool, slide and splash pool, float river, and short-term childcare.
Davis Fansler, the mayor of Mountain Village said the goal of the Mountain Village facility is to keep guests in the town core and to provide entertainment for year-round residents. Mountain Village currently has around 1,200 full time residents, with the potential to grow to 2,500 over the next decade. “Our priority is for a family entertainment center, as planning has shown so far.” He added that this facility would not be the place for someone who wants to work out five days a week lifting weights or swimming laps. “There are other facilities for that.”
Much of the discussion at the meeting centered around the pool design, specifically that of the lap pool length and water temperature, and location of the slide. Doug Whiteaker, principal and aquatic planner of Water Technology Inc., out of Beaver Dam, Wisc., presented two pool options, both of which included a recreation pool/spa area, a beach slope entry, pool play center, float channel, family whirlpool, natural rock waterfalls, slide, and a lap pool.
Telluride 360 real estate would be a very useful place to start if you are looking for a home, condo or vacant land in the Mountain Village or Telluride area. Click the link below to start!
http://www.telluride360.com/
Posted by Adam at 02:44 PM | Comments (0)
February 24, 2005
New Franz Klammer Condo
Chris Christian of Telluride 360 Real Estate has just listed a new fractional condo in the Franz Klammer Lodge, located in the Mountain Village core. This fractional condo is one of the cheapest on the market today. Members of the Klammer enjoy 5 weeks per year to spend in wonderful Telluride. The Klammer offers covered, heated parking, great concierge assistance, hot tub, sauna, and a heated outdoor swimming pool. The condos have steam showers and top of the line appliances. Franz Klammer condos are a great place to invest when you are looking for comfort in a luxurious location.
http://www.telluride360.com/colorado-timeshare-fractional-properties.htm
To find out more about this condo click the link below. Telluride 360 real estate is the place to look when you are trying to find that perfect home, condo or vacant land in the Telluride area.
Posted by Adam at 04:48 PM | Comments (0)
February 23, 2005
Belvedere Park phase 2 breaks ground
Belvedere Park, Telluride 360 Real Estate's new condo complex located in the Mountain Village, has just broken ground on phase two. These ski-in/ski-out condos offer stunning views of the San Sophia mountain range and a spectacular location in the village core. It is within walking distance to all the shops, restaurants and bars in the Village, and a short walk to the gondola to Telluride. Belvedere Park condominiums will have 29 luxury residences in 5 unique buildings situated in a beautifully landscaped park-like setting. Each condo will have its own private elevator leading to a heated underground parking space and storage area. The first phase is expected to be finished by the summer of 2005. With phase two being finished the summer of 2006.
For more information on Belvedere Park condominiums, click the link below.
http://www.telluride360.com/listings/propdetail.cfm?pid=93
If you are interested in homes, vacant land or fractional condos in the Telluride area, click this link.
http://www.telluride360.com/
Posted by Adam at 02:08 PM | Comments (0)
February 22, 2005
Open house and vacant lot tour
There was an open house, open lot tour today for the brokers. Each of these vacant lots or homes were ski in/ski out properties. There was an average turnout for a pretty sunny day. Each broker had the chance to win a cash prize or a plane ride if they visited each property. Not many took this great opportunity to see the houses and land available on the ski runs. Ski in/ski out property are the hottest on the market today. Whether it is a condo, house or vacant land, people want to be able to ski out of their unit!
If you are looking for property that borders the ski area, click the link below. Telluride 360 Real Estate has many wonderful ski in/ski out homes, condos and vacant land listings.
http://www.telluride360.com/
Posted by Adam at 04:29 PM | Comments (0)
February 21, 2005
Lot 372, open house
Michael Salamon of Telluride 360 Real Estate has an open house from 11-2pm Tuesday, February 21, 2005. Lot 372 is a 1.68 acre lot located on the Double Cabins ski run and at the top of Benchmark Drive. This lot provides privacy and a rich mixture of Aspens and Evergreens with wonderful views of the San Sophia Mountain range. You don't need to be an expert skier to access this lot, the run is a nice mellow double green!
Lunch will be served at 116 Snowfield Drive, as the weather may be too cold to serve outside. After you ski into the lot, go on down the road to have lunch catered by A Movable Feast.
For more information on this lot, homes or condos in the Telluride area, click the link below.
http://www.telluride360.com/listings/propdetail.cfm?pid=36
Posted by Adam at 03:46 PM | Comments (0)
February 17, 2005
Franz Klammer Condo
Ernie Graham has just listed a new fractional condo, unit 114, in the Franz Klammer. Fractionals are a great investment when you don't want the hastle of maintaining a home or condo. They give you the chance to visit Telluride, have a great place to stay and someone else to clean up after you! You will enjoy the benefits of a high class hotel with the amenities of a home. Franz Klammer has an outdoor pool, a nice spa and a work out facility. Owners and guests can be picked up from the airport by a skilled Franz Klammer driver, and driven right to the condo complex!
To learn more about fractional condos, please click the link below. The wonderful brokers at Telluride 360 Real Estate would love to help you find that perfect home, condo or vacant land.
http://www.telluride360.com/
Posted by Adam at 03:57 PM | Comments (0)
February 16, 2005
Telluride 360 Real Estate is the place to turn to
Telluride 360 Real Estate has the experience, knowledge and passion to find you that perfect home, condo or vacant land. The brokers know what kind a property will best suite your needs. If they don't have it listed, they will work with other brokers to find what you are looking for. With unlimited access to property on the market and a large clientel, you will be certain to find the best condo, home or vacant land. These guys know what will sell, what will make you the most money in the long run, and where and when to purchase.
To get in touch with the best brokers in the Telluride area, click the link below.
http://telluride360.com/
Posted by Adam at 08:32 PM | Comments (0)
February 15, 2005
Stonegate Lot 7
Telluride 360 Real Estate has a wonderful development underway in the Mountain Village. Stonegate is located on the Sundance ski run and just a short drive to the village core. Stonegate lot 7 has .35 acres on which to build and is located ajacent to the Prospect Ski Trail. Imagine building your dream house in the Mountain Village and being able to ski in and out in the winter months. This vacant land has views of the Sneffels Mountain Range. The new owner of Stonegate Lot 7 will receive a silver membership to the Telluride Ski and Golf company. They may keep this or sell it to a friend.
To find out more about this great vacant land click the link below.
http://www.telluride360.com/listings/propdetail.cfm?pid=77
Posted by Adam at 01:34 PM | Comments (0)
February 14, 2005
Plunge condo in Telluride under contract
Chris Christian of Telluride 360 Real Estate has just put a condo in the Plunge condominiums under contract. These condos are located in the town of Telluride, one block away from the slopes. Condos located in close proximity to the Telluride ski area are going under contract fast these days. This one in particular is close to the grocery store, liquor store and just steps away from the bus stop. More people are investing in Telluride by purchasing land, condos or homes. The condos, homes and vacant land in the Telluride area are slowing raising in purchase price because of Telluride's popularity among the tourists. The great snow fall this winter has proven to be a wonderful thing for the Real Estate community.
To find out more about homes, condos, vacant land or fractionals in the Telluride area, click the link below. Telluride 360 Real Estate will find something to fit your needs.
http://www.telluride360.com/
Posted by Adam at 03:40 PM | Comments (0)
February 11, 2005
Cortina lot 16, won't last long
Cortina lot 16 has great ski access, huge views, big sun and amenitites on over 7 undulating, knoll top acres. Yes, you can have it all. Cortina is an exclusive new development of condos and single family homesites along the Sundance Ski Run in the Mountain Village. There are 19 total home sites and a condo/common area that will consist of 12 town homes. All owners will enjoy common area amenities that will include a ski lounge, outdoor heated pool, hot tub, spa treatment rooms and ski lockers. This pure ski in/ski out lot borders open space on two sides and the Sundance SKi Run on the other. This lot is one of Cortina's best lots! Don't let this great lot get away. It will be perfect for a dream home or rental home.
To find out more about this vacant lot click the link below.
http://www.telluride360.com/listings/propdetail.cfm?pid=161
Posted by Adam at 02:37 PM | Comments (0)
February 10, 2005
Real Estate Sales
Year-End Statistics Point to Record Real Estate Sales
By Josie Jay
Last year was a “banner year” for Telluride real estate, according to sales data compiled by Judi Kiernan, owner of Telluride Consulting. The total dollar value of real estate sales in San Miguel County for 2004 was up a whopping 42 percent from 2003, at $616.8 million. This number smashed the previous dollar volume record set in 2000 by over $70 million.
“It was the biggest year ever,” said Julie McAfee, real estate broker with Telluride 360 Real Estate. “We’re back on track and it just keeps going up.” McAfee called Telluride the best real estate market in Colorado. “Buy your real estate now,” she recommends. “In six months you’ll wish you would have.”
Todd Creel of Prospect Realty agreed. “The sooner the better,” he said about investing in local real estate, particularly in town. But town prices are already well out of the reach for most locals. Thirty-five single-family homes sold in Telluride in 2004 for an average price of nearly $1.5 million.
“These numbers look high now, but two years from now they will look like a good buy,” said Creel, “just like they did two years ago.”
The total number of sales in San Miguel County in 2004 also increased as compared to 2003. A total of 854 properties sold, representing a 14 percent growth rate. It was the third highest year for number of sales, coming in behind 1999 (925 sales) and 2000 (965 sales). The number of sales in Mountain Village was up 20 percent in 2004 over 2003, with an increased dollar volume of 41 percent. Telluride sales numbers were up 25 percent and dollar volume was up by 43 percent.
The region’s increase in real estate sales has been attributed to last year’s historically low interest rates.
“When interest rates are very low it’s easier to get in, but you can’t just rely on low interest rates,” said McAfee. “You can’t wait,” she said, advising prospective property owners to get pre-qualify for a loan and work on clearing up any credit problems. “Set up a pre-purchasing program and start taking those steps to build up your credit,” she said. “Time is of the essence.”
Creel said 2004’s record sales will be hard to follow, but he remains “generally optimistic.”
“Similar cycles in the past indicate things will start to slow down, but properties are still well valued and selling at a steady pace,” he said. “I think February and March will tell us a lot” about how the 2005 market will go.
“I think 2005 will be a good year, but I don’t see how it can match 2004,” agreed Chris Binner of Coldwell Banker Shaw and Company. “It’s good to be a little conservative; things just can’t go like that every year.” Still, he predicted 2005 would be up over 2004, even with interest rates slowly on the rise. “They are still very low compared to history, but when they start to climb some people think the sky is falling,” said Binner. “2005 won’t be as barn burner-ish as 2004, but we’re blessed with properties within thirty minutes of here that I think will do well.”
The three towns of Norwood, Ridgway and Rico bound those properties. “All three have healthy markets, and that includes what’s inside – Mountain Village, Telluride and the mesas,” said Binner.
Creel, who deals with a lot of mesa property, noted that the market in those areas did not do as well in 2004 compared to properties in Telluride and Mountain Village. “Sales were relatively slow. Unless a really good value came up, they were not selling,” he said. “The bulk of people were looking closer to town. I bet in the coming year things may slow down in town because of the limited supply, and buyers will start looking outside of town.” Those properties include outlying mesas and closer neighborhoods like the Ski Ranches and Placerville.
The average San Miguel County real estate transaction for 2004 was just under three-quarters of a million dollars, compared with the 2003 average of just over half a million dollars. Property values outside of San Miguel County also saw an increase in 2004. “Ridgway is going up tremendously,” said McAfee, who purchased property there a year and a half ago and has already seen a 26 percent increase in its value. “Lots last year were going for $40,000 to $70,000. Now they’re at $110,000.” Even though all properties within an hour of Telluride are going up in value, she noted the market fluctuates more in the outlying areas. “The safest place to invest is in Telluride. To make the most of your real estate, invest here.”
The condominium market experienced a boom in sales last year. According to Kiernan’s data, $65.6 million of Telluride’s real estate dollars came from condominiums, with 126 units selling at an average price of just over $500,000. Condominium sales did just as well in Mountain Village, with 87 units selling for an average of just under $1 million each.
Local real estate brokers said the condominium market was driven by locals taking advantage of low interest rates and the limited number of properties available for under $500.000. Many local buyers jumped at what might be their last chance to buy an “affordable” property in the foreseeable future.
“If locals can get in the market they will make money,” said McAfee. “The market is based on supply and demand. We won’t fizzle out like the Denver area, which was hopping, so people built and built and built, and then there was this oversupply and the market dropped. Telluride will never reach that because of our limited supply.”
Twenty vacant residential lots sold last year in Telluride for a total of $13.7 million; 123 lots sold in Mountain Village at $80.2 million.
Creel noted that on Feb. 3 there were 36 houses listed for sale in Telluride. “We’re starting to see a lot more house inventory on the market, but our supply of vacant land has gone away. The perception is there is no more land in town.” He predicted this would lead buyers to look outside of Telluride. “In Mountain Village things are a little different, there is more supply,” he said, noting that 67 houses are currently listed. “It almost seems like the cycle will move back to Mountain Village now because there are lots and homes available for a good value.”
“We have a limited amount of property,” said Binner. “But people are committed to giving it a strong go. We have a lot of press worldwide as a resort, and we are less expensive than Vail and Aspen.”
Creel agreed that the Telluride lifestyle appeals to a lot of buyers in the real estate market. “Some people are looking to park it in a place where property will hold its value and they’ll get a lot of use out of it, too.”
Click the link below and let Telluride 360 Real Estate show you some of the best condos, homes, vacant land that Telluride has to offer.
http://www.telluride360.com/
Posted by Adam at 03:48 PM | Comments (0)
February 09, 2005
Knoll Estate, is where it is at!
Telluride 360 Real Estate has a great single family home listed in the Knoll Estates located in Mountain Village outside of Telluride. 109 Eagle Drive is a 4 bedroom, 3.5 bathroom home with natural wood exterior finish, a two car garage and is situated near the entrance to the Mountain Village. This fabulous home has 3,545 square feet of living space, a great deck that overlooks the Wilson mountain range and plenty of privacy. It will make a great second home or primary home! If you have been considering purchasing real estate, either a condo, home or vacant land in the Telluride area, act now!
For more information on this great home, visit the link below.
http://www.telluride360.com/listings/propdetail.cfm?pid=39
Posted by Adam at 01:26 PM | Comments (0)
February 08, 2005
More snow, more house showings
The snow has been falling and the hotels are filling up. More people are realizing what a wonderful little town Telluride is. The area just received 14 inches of new snow in the last 24 hours! This has made the tourists start looking for a home or condo of their own here. The skiing is great and the market is hot. The real estate companies are having a hard time answering all the phone calls that are coming in! People want to invest in a place that they know will make them some money in a short time and where they can play in the meantime! Condos are going fast in the town of Telluride as well as the ski in/ski out condos in the Mountain Village. If you are looking for ski in/ski out homes in the Mountain Village, give Telluride 360 Real Estate a try. These guys know the Mountain Village and the wonderful real estate that it has to offer!
Click the link below to get started choosing your home, condo or vacant land.
http://www.telluride360.com/
Posted by Adam at 09:34 AM | Comments (0)
February 07, 2005
New Franz Klammer fractional condo
Steve Eiche of Telluride 360 Real Estate just listed a great Franz Klammer Fractional condo. This 1,700 square foot condo has 3 bedrooms, 3 bathrooms and it's own parking space. The Franz Klammer Lodge offers a world-class private spa, 24-hour concierge, valet parking, heated indoor/outdoor pool, and an 18-hole championship link-style golf course just minutes from your door. The owners of this condo will have 5 planned weeks, two during the ski season, two in the summer and a fifth floating week. This is a wonderful opportunity to have partial ownership in a great condo in Telluride.
For more information on this fractional condo, visit the link below.
http://www.telluride360.com/listings/propdetail.cfm?pid=171
If you would like to learn more about homes, condos or vacant land in the Telluride area, visit this link below.
http://www.telluride360.com/
Posted by Adam at 11:20 AM | Comments (0)
February 03, 2005
Great home in Telluride
Telluride 360 Real Estate has a wonderful home listed in the town of Telluride. If you are looking for a spacious single family home, then look no further. 231 N. Davis has 4 bedrooms, 3.5 baths and a 2 car garage. The home is located between the elementary and junior/high schools. It has built-in dressers in the bedrooms, a bathroom that joins two of the upstairs bedrooms, a large master bedroom with walk in closets, a den/office/kids play room off the kitchen and a bedroom on the ground floor for guests or that older child who wants more privacy. The house won't be on the market for long, so act now!
Visit this website to get more information about this one of a kind family home.
http://www.telluride360.com/listings/propdetail.cfm?pid=138
To get information about condos or vacant land in Telluride, visit this link.
http://www.telluride360.com/telluride-properties.htm
Posted by Adam at 03:57 PM | Comments (0)
February 01, 2005
Stonegate lot 10 back on the market
Stonegate lot 10 was just put back on the market. This corner lot is adjacent to a ski run and is located in the Mountain Village. There are many great lots in the Stonegate development that are for sale. But if this location doesn't fit your needs, you may find Cortina to be a better suit. These lots are located closer to the town of Mountain Village and are located on the Sundance Ski run.
For more information about homes, condos, vacant land or other real estate in the Telluride area, click the link below.
http://www.telluride360.com/
Posted by Adam at 04:21 PM | Comments (0)