Check out the condo market in Telluride, CO 81435 (October 31, 2023)

Check out the condo market in Telluride, CO 81435 

This week the median list price for Telluride, CO 81435 is $2,037,500 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has decreased to 38. 

Telluride Real Estate: Market Action Index

This answers “How’s the Market?” by comparing the rate of sales versus inventory.

Slight Seller's Advantage

The Telluride market has started cooling and prices have been flat for several weeks. Since we’re in the Telluride Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Telluride Buyer’s zone, watch for downward pressure on prices.

Telluride Real Estate: Median List Price

Again this week we see prices in Telluride remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels. Median List Price: $2,037,500 This reflects the middle price point for condos currently available in Telluride. While it may seem high, it's a testament to the desirability of the location and the unique charm of the town.

Telluride Real Estate: Average Days on Market (DOM)

Median Price of New Listings: $1,725,000. New listings entering the market have a slightly lower median price, making it a great time for prospective buyers to explore their options.

Telluride Real Estate: Median Days on Market

The median days on the market provide a more precise indication of the typical duration a property is available for purchase. 

Telluride Real Estate: Price Per Square Foot

Price per Square Foot: $1,613. The price per square foot is a critical metric for condo buyers. It's essential to consider not just the property's size but also its overall value concerning this benchmark.

Telluride Real Estate: Properties with Price Decrease

Price Decreased: 26%. While most prices have remained stable, a noteworthy 26% of listings have seen a price decrease, making room for negotiation opportunities.

Telluride Real Estate: Properties with Price Increase

Currently, there is no recorded increase in prices. This stability in prices could be reassuring for those planning to invest in Telluride real estate.

Telluride Real Estate: Relisted

This is something to consider if you're exploring the Telluride real estate market.

Telluride Real Estate: Inventory

There are currently 38 condos available in the Telluride 81435 area, offering a variety of choices for potential buyers. 

Telluride Real Estate: Market Action Index

With a Market Action Index of 34, there's a slight advantage for sellers, indicating that condo sellers can potentially enjoy a favorable market.

Telluride Real Estate: Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Telluride Real Estate: Bottomline

Stay updated with these real-time market statistics to make informed decisions in your Telluride real estate journey. For expert guidance and personalized assistance, reach out to Anne-Britt Ostlund at Mountain Rose Realty. Discover the finest Telluride homes for sale that match your preferences and budget.

Are you looking to invest in Telluride this October 2023? Be sure to check with Anne-Britt of Mountain Rose Realty. With her expertise and knowledge about the local market, she can help you find the perfect property for your needs - whether it’s a vacation home or an investment that will increase in value long term! Don't wait any longer; contact Anne-Britt today and get started on finding your dream home in beautiful Telluride, Colorado!

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Phone(970) 759-4886

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Address Anne-Britt Ostlund | Mountain Rose Realty
Mountain Rose Realty
220 East Colorado Avenue Suite 210
Telluride, CO 81435

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