TELLURIDE AND MOUNTAIN VILLAGE PROPERTIES
Telluride Continues to Plug Away (CLICK TO VIEW FULL PDF)
In a nutshell, Telluride is getting through it
like everyone else. On account of the current
state of the economy, or rather where it was
during the first two quarters of 2009, real
estate activity slowed considerably. After a
string of high marks between 2000 and 2007,
with the latter reaching record heights by
year’s end ($710 million in total dollar volume),
numbers changed significantly in 2008
and thus far in 2009. According to data compiled
by the Telluride Association of Realtors (TAR), overall figures between January and
June 2009 were $80 million in total dollar
volume, distributed over 105 total transactions. This is 54% lower than the first two
quarters of 2008, which totaled $174 million
and noticeably lower than earlier in the
decade when property values were less. TAR’s
figures encompass the greater Telluride
region, including San Miguel County, as well
as occasional out-of-county sales (i.e.
Montrose, Ridgway, and other communities).
If you're interested in buying or selling your property in the Telluride region, or simply wondering what it may be worth, please contact Telluride Mountain Village Properties.
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970.728.3137
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