TELLURIDE AND MOUNTAIN VILLAGE PROPERTIES
Telluride Market Holds Steady
Market Perseveres Through Challenging Economic Times
According to data compiled by the
Telluride Association of Realtors*, year-end
real estate dollar volume totals in the Telluride
region (including San Miguel County and
other neighboring counties) tallied at $252
million. These figures are consistent with
2011's overall market performance, which
rounded out 31% lower than the $364 million
in 2010. Sales numbers, however, were 15%
higher in 2011 with 403 total transactions
compared to 351 in 2010. (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.
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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 >>
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