Telluride Update End Of October 2023
October 31, 2023 / Colorado/By Michael Brown
End of October 2023
Happy Halloween! Most of the fall colors are gone and we’re headed into the heart of fall off-season with the gondola closed until Thanksgiving. Last weekend’s snow has us thinking ahead to ski season and the colder temperatures are allowing for snowmaking on the mountain. Hopefully the optimistic El Nino predictions will play out!
Real estate sales through September continue to trend behind 2022 with dollar volume down 24% and number of sales down 31%. Today’s real estate market is different from the torid “COVID” years, but lack of inventory, particulary high-quality properties in excellent locations, is keeping prices high while time on market is increasing. Interestingly when you look at the 5-year average the numbers change to plus 6% in dollar volume through September and negative 29% in number of sales thorugh September. Single family home sales in Mountain Village have been significant market drivers recently.
As always, if you have any questions about local real estate we’d be happy to jump on a call with you or prepare a report. Feel free to contact us online or give us a call at 970-728-0213 or 970-708-2255 (Jim’s cell phone) with any of your real estate questions or needs!
If you’re on Instagram or Facebook please consider following us there for more timely updates -@lucarelli.telluridelifestyle and Lucarelli.TellurideLifestyle.
Featured Real Estate Listings
330 W Pacific B
Half a block from Lift 8 and the gondola,
this is a must-see townhome in Telluride.
Generously-sized 4.33-acre homesite
located above the second green
Jim Lucarelli – Compass Telluride
657 W. Colorado Ave
PO Box 2428
Telluride, CO 81435