As of today, there are only 32 homes listed for sale in the Town of Telluride. That is a low number historically and indicative of what we are seeing in most segments of the marketplace - namely, tight supply
There were a total of 26 single-family homes sold in town in 2018 with a handful pending. A healthy one year absorption rate.
A lot of buyers are still investing additional dollars post-purchase to get the more modern designs that most homeowners are seeking. Those dollars are big drivers of the values in our local real estate market, particularly in the Town of Telluride home market segment, as investments in labor and materials are reflected in the improved property’s ultimate value. It is not an easy time to get a talented tradesperson to look at any small jobs…everyone with a worth is very busy on bigger projects.
Happy New Year!