Real Estate Market Report and Winter Preview Fall/ Winter 2020-2021

Introduction

We are Scott Bennett and Ashley Story, a father daughter team who both grew-up in Telluride. Together we have a unique understanding of Telluride and surrounding areas. These seasonal reports are a snapshot of the Telluride regional real estate market and our particular interpretation of these trends.

We know that Telluride is special in a lot of ways and we hope that you use this information to help steer your decisions. Whether you are buying, selling, or just looking a dinner recommendation we are happy to assist you with understanding Telluride and its surrounding areas.

Warm regards,
Scott and Ashley

Homes and Condos

Homes in the Telluride Region have seen the larges sales increase in our history and we are now looking at limited supply with only 77 homes for sale ranging from $880,000 to $29,000,000. There is a wide variety of homes for sale from Log to Contemporary and Ranch to Victorian or ski in-ski out. The following are listings available by price range:

>$1M–3 $1M-$2M–13 $2M-$4M–22 $4M-$6M–12 $6M+–27

Condos in the Telluride region have been pretty well picked over and as new listings come on the market they often contract quickly. There are currently only 52 condos on the market in the Telluride Region. Most condos are in the Towns of Telluride and Mountain Village and range from a hotel room sized 4000 sf 5 bedroom unit. The following are listings available by number of bedrooms:

Studio/1-bedroom–15 2-bedroom–15 3-bedroom–12 4-bedroom+–10

Property

There are currently 166 Land Listings in the Telluride Region ranging from $79,000 to a 2419 acre Ranch for $35,000,000. There are many great options as the land values in the Telluride Region haven’t appreciated at the same rate as improved property since recession except for in town and direct ski in ski out lots. The following are listings available by acreage:

>1 acre–65 1-5 acres–22 5-35 acres–13 35-70 acres–11 140 acres+-13

MARKET GRAPHS 2020 January- November

2020 has been an unexpectantly record year in Telluride Real Estate. When the ski area and all services were
shut down March 16th due to COVID-19 we all expected to see a repeat of 2009 in the market. However, as
we were able to reopen in June the inflow of visitors and buyers was almost overwhelming. People uprooted
their families from urban areas coast to coast to mountain sanctuaries like ours in droves.

The number of new contracts and dollar volume broke records every month since June with a year to date new contract total of 666
contracts worth $1.158 billion compared to 2019 yearend total of 439 contracts at $641.9 million. These sales are mainly on improved
properties such as homes and condos but vacant land sales have also been off the charts. This is causing challenges in inventory and price
escalation. Due to this we have seen many long-time locals “Cash Out” and move down valley and surrounding areas including Norwood
and Ridgway, where the marks have been hot as well.

Call or email us for more additional information or to see how we can help you navigate this market.

Featured Listings

TBD W Serapio Drive 130, Telluride, CO

Truly one of the very best Lots in the Aldasoro Ranch.

  • Held by the Aldasoro Family, first time on the market.
  • Iconic mountain views
  • 15 minutes from town or ski area
  • 2.02 acres

$769,000

209 Knoll Estates Drive, Mountain Village, CO

This home has a great floor plan with open living dining kitchen showcasing views of Wilson Peak.

  • 4 Bedrooms, 4.5 bathrooms
  • Gas fireplace
  • Media room
  • 2- Car garage

$2,999,000

250 S Pine Street 303S, Telluride CO

Ideally located Telluride Condo in the Ballard House. 2 blocks from the Gondola.

  • 2 Bedroom, 2 bathroom
  • Dedicated Ski Locker
  • ADA Bathroom
  • Gas fireplace

$1,100,000

216 E Serapio Drive 156, Telluride, CO

This lot offers spectacular Mountain and Valley views sitting on the edge of an aspen treed bench.

  • Great value
  • Quite and private
  • 1.82 acres
  • 15 minutes from Telluride and ski area

$479,000

Winter Dining Update

Telluride Sleighs and Wagons

In addition to selling real estate Ashley also runs Telluride Sleighs and Wagons the regions premier dinner and sleigh ride experience. Situated on her family’s ranch she offers two private dinner rides a night. Come at 4:30 PM to catch the sunset or 6:30 PM if you want to enjoy a later evening. All rides include private transportation to and from the property.

These dinners are very popular and you are encouraged to book early.

(970) 260-2524
www.telluridesleighs.com

Outdoor Dining in Mountain Village

Town of Mountain Village and TMVOA are partnering to offer winter dining structures in plazas.

Enjoy the beautiful atmosphere throughout the Mountain Village’s public plazas. While you take in the scenes, please note there are several outdoor dining options available.

www.townofmountainvillage.com

Stronghouse Brew Pub

over a 2-year period, keeping all of the original structure intact. True to the time period, an 1880s mahogany bar is now the centerpiece of the brew pub.

This is a great place to join friends for Apres Ski with its brewed on site beers and pub fair.

283 S. Fir Street, Telluride
(970) 728-2890
www.stronghousebrewpub.com

Telluride Brewing, Taqueria

New to the Mountain Village Core, the Telluride Brewing Company Brew Pub will feature award-winning beer, tasty tacos from Good Hospitality Group’s Los Buenos Tacos. Located at the base of the Telluride Ski Resort, they’re ready to quench your thirst and serve up delicious fare before you return to the slopes.

(970) 728-5094
www.telluridebrewingco.com/brew-pub

CALL US FOR MORE INFO

970-729-1666 Scott · 970-260-2524 Ashley
www.Telluride-Home.com
Scott@Telluride-Home.com
126 W. Colorado Ave #100B, Telluride, CO 81435