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April 11, 2005
Record set for real estate sales in Telluride
The real estate market in the Telluride region is a lot like the slopes of the resort - there's no slowing down. But unlike the downward momentum of skiing or boarding, the real estate market is on an upward spiral. The first quarter sales of 2005 have already surpassed those of any first quarter on record.
Through March of 2005, a record 227 properties were exchanged with a dollar value of $166 million. In 2004, during the same period of time, 164 properties were exchanged for $151.2 million, according to data from Telluride Consulting.
The month of March was an especially active one in the real estate market. In March alone, 82 properties were bought and sold for $67 million - a new record for the month of March, 19 percent higher than the number of sales last March.
This March, more Telluride condominiums sold than any other type of property. Twelve condos or half-duplexes changed hands in Telluride that month, for a total of $10.1 million. That was double the number of Telluride condominiums that sold in March of 2004. Telluride condos were also the highest selling type of property through the first two months of 2005, in a tie with condos in Mountain Village.
The figures from the first quarter of 2005 are giving Realtors something to smile about - in the year 2000, a banner year for real estate sales and one to which the subsequent years have been compared, just 222 properties were exchanged, for $140.5 million. The 2005 first quarter sales have dwarfed the baseline figures from 2000.
To find out more about houses, condos, fractional condos or vacant land in the Telluride area, click the link below.
http://www.telluride360.com/
Posted by Adam at April 11, 2005 04:09 PM