TELLURIDE AND MOUNTAIN VILLAGE PROPERTIES
Sales Numbers Picking Up
Strongest third quarter dollar volume since 2007
REAL ESTATE SALES for the first three quarters
of 2012 were stronger than those from the
first nine months of 2011. According to data
compiled by the Telluride Association of
Realtors*, January-September real estate dollar
volume totals in the Telluride region
(including San Miguel County and other
neighboring counties) totaled $251 million.
This is 31% higher than the $192 million from
January-September 2011. Sales numbers were
virtually equal for the two years with 2012 at
312 total transactions, compared to 313 from
2011. It appears that properties are starting to
sell for more, and those at the upper end of the
market are starting to move. Real estate in the
Telluride region may, at last, be rebounding
from the 2008 fallout. (CLICK TO VIEW FULL ARTICLE)
View Past Market Updates >>
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.
Interested in Foreclosures in the Telluride Area?
Foreclosure filings picked up in San Miguel County, of which Telluride is the county seat, in 2007 as they did in most of the country. The number of filings continued to increase until late in 2010, when they seemed to level off. There are still many properties on the list, though.
Foreclosed properties are often outstanding values for buyers as the foreclosing banks look to dispose of these properties quickly. It pays to deal with an experienced and professional real estate broker who can navigate the sometimes difficult world of foreclosing and foreclosed properties.
Click here for a breakdown, by Area and Type of Property, of the properties currently on the San Miguel County foreclosure list.
What is Due Diligence?
One simple definition found online—“The investigation and verification of the details of a particular investment”. It’s a term derived from the legal world of securities regulation and later from commercial real estate. Now, especially in sophisticated real estate markets such as Telluride, it allows a buyer to investigate property under contract before the buyer commits to close on the property. Read More >>