Telluride Real Estate
Well folks, as we expected January was down. January 2026 saw 12 new contracts in the Telluride Region, the lowest number of new contracts since I started tracking in 2012. The January new contract average is 39 with a high of 77 in 2021 and low of 24 in 2023. The dollar volume was $32,393,000 with an average of $62M, high of $161M in 2022 and low of $22.8M in 2013. Please see attached market graphs showing new contracts vs closings in both number of transactions and dollar volume. The new contracts in January include 5 fractionals, 2 peaks units, 1 Mountain Lodge, a home down valley, the old Telluride Bistro space, a Tristant unit and a home on Victoria Drive in Mountain Village listed for $18.75M. Please click on the link below to view the January new contracts. How did we get here? The low snowpack across the west coupled with the ski area shut down/patrol strike from December 27 – January 10 are the main culprits. This is exactly when we typically have the highest visitor traffic for the winter season. People were not visiting and and those who were here largely already own property. The good news is that the strike is over and the mountain is open and skiing remarkably well for the low snowpack. Looking ahead for the rest of the winter the weather patterns are changing, and we are going to start getting more snow as early as this weekend. The Colorado Avalanche Information Center forecasters think we will finish the season closer to average. We have some great inventory and visitation is looking much better through the remainder of the winter season.
Winter Pace from the Colorado Flight Alliance: Weekly air bookings have returned to comparable YOY levels these past few weeks, after being down 40%, then 20%, during and just after the strike and resort closure. Winter total air passengers are now off 7-9%, Dec-Mar,
The holidays finished down 16%, and January down 18%, while picking up slightly toward the end.
February and March present solid opportunities for recovery, with Feb now running flat YOY again and March down just 3-5%, while acknowledging a shift in holiday reservations to these periods. To note — bookings for March run strong through the end of Feb and into the actual month,
Review by: Scott Bennett Telluride Real Estate Brokers, Inc.
Check out the charts below for the latest insights into the Telluride real estate market.
