Author: Telluride Real Estate Brokers

Historic Telluride photos

Community Calendar

Posted on | by Telluride Real Estate Brokers

Events in Telluride

2015 Calendars

Telluride Real Estate Brokers is printing its 2015 calendar of Telluride. This is the 10th year that this historic community calendar has been published. The calendar hosts historic photos and ephemerae and a thoroughly researched calendar of events for those people who would like to know what is going on in Telluride. Telluride Real Estate Brokers sends these calendars free of charge to most Telluride region out of town property owners. Locals can pick one up at the Telluride post office during the holiday season. Calendars can also be picked up at the Telluride Real Estate Brokers main street office at 126 W. Colorado Avenue or in the lobby of the Hotel Columbia year round. If you have not received a Telluride Community Calendar and would like to receive one, click here to send us your contact information and we will send you a calendar.

Telluride Real Estate Market Update

Posted on | by Telluride Real Estate Brokers

Positive Changes Coming to Telluride

Not unlike the rest of the nation’s real estate market, some pain is being felt by sellers in the Telluride region. Many however are becoming more realistic with asking prices. The most difficult segments of course are bank-owned or about to be bank-owned properties that are being sold at very deep discounts. These deep discounts have created havoc for the appraisers in the region, and not helped new buyers that require financing on more conventional transactions. For cash or high equity buyers however there has rarely been a better time than this to, with patience and persistence, find exceptional value. We anticipate for 2011 that absorption of the better priced and positioned (remember location, location, location) properties to pick up some steam when buyers see the better properties disappearing and realize these opportunities will not last forever. Contact Telluride Real Estate Brokers if you’re looking for ski homes for sale Telluride!

Telluride Airport

Telluride Airport’s (TEX) Major Upgrade

Posted on | by Telluride Real Estate Brokers

Telluride Travel

It is hard to visualize that this once high alpine sheep pasture, which in recent years had been transformed into the Telluride Airport with its signature mid-runway dip, is now again being transformed into a new airport facility with a level runway ready to service the Telluride Region in the 21st century. Any heavy equipment fan, young or old, would be impressed by the amount of iron on the move, migrating from east to west and back, depositing countless tons of material, particularly in the runway dip dreaded by pilots. This 20 plus million dollar improvement to the airport will have a noticeably positive influence on Telluride’s accessibility and convenience in the future for visitors and locals alike. After the completion of the current phase, the airport plans to open in November 2009 with similar air service as last winter season. The main change will come in the summer of 2010, if FAA funding can be procured, when the safety areas are completed and emass material has been installed. At that time the Telluride airport will be able to accommodate the much coveted Q400 aircraft that services many mountain resorts. This aircraft is in use by both Continental and Frontier Airlines. Needless to say, besides becoming more safe and convenient, there will also be a significant economic benefit to the region with this improved facility. Thank you Telluride Airport Board and Manager for your excellent and tireless work to improve air service to our region.

Telluride mountain views

2008 Real Estate Numbers

Posted on | by Telluride Real Estate Brokers

Telluride Real Estate Impact

As reported by Telluride Consulting, the 2008 real estate sales have slowed significantly. The 2007’s record volume of over $750 million was reduced by roughly 50% last year to $339.2 million with 338 transactions, reflecting a dollar sales volume more inline with the first few years of the decade. Although the market slow down throughout the nation has been coupled with significant price reductions, Telluride regional prices seem to be lower, but holding steady. For example, the average transaction in 2003 was valued at $579,000, while the average transaction in 2008 valued over $1,000,000 per transaction; this is down from 2007 when the average value was $1,200,000 per transaction, roughly a 16% drop. It is difficult to pinpoint the reasons for this, but factors that contribute are Telluride properties are purchased with more personal discretionary funds and at higher personal equity levels. Most loans, if there are loans, have a low loan to value ratio, and sub-prime loans are almost non-existent. Having analyzed and followed the Telluride real estate market for more than thirty years, this is a significant market slowdown that creates buying opportunities particularly of homes and other properties built for speculation that developers and builders are willing to sell at a discount. But quality properties, as usual, still come at a premium price. For more information on property for sale in Telluride, CO, contact us today!