Check out the condo market in Telluride, CO 81435 (October 13, 2023)
Check out the condo market in Telluride, CO 81435
This week the median list price for Telluride, CO 81435 is $2,225,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 39.
Telluride Real Estate: Market Action Index
This answers “How’s the Market?” by comparing the rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks the Telluride market has achieved a relative stasis point in terms of sales to inventory. However, Telluride inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Telluride Real Estate: Median List Price
We continue to see prices in Telluride bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels. The median list price for homes in Telluride is currently set at $2,225,000. Understanding this median value can provide valuable insights when considering your budget and preferences for your future home.
Telluride Real Estate: Average Days on Market (DOM)
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. In Telluride, it is 91 days. This information is valuable for both buyers and sellers in planning their strategies.
Telluride Real Estate: Price Per Square Foot
The Telluride market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Telluride Market Action Index for persistent changes as a leading indicator before the market moves from these levels. The price per square foot is a key metric in real estate. In Telluride, it stands at $1,625. Calculating this value for a potential property can assist in evaluating its overall value.
Telluride Real Estate: Properties with Price Decrease
With a 33% price decrease in the Telluride market, this presents an opportunity for potential buyers. It's essential to capitalize on these shifts, potentially securing a property at a more favorable price.
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
Approximately 3% of properties have been relisted, indicating the need for a fresh approach or market adjustment. This is something to consider if you're exploring the Telluride real estate market.
Telluride Real Estate: Inventory
With an inventory of 39 properties available, you have a variety of choices to consider. A higher inventory provides more options and potentially better negotiation power.
Telluride Real Estate: Market Action Index
In the last few weeks the Telluride market has achieved a relative stasis point in terms of sales to inventory. However, Telluride inventory is sufficiently low to keep us in the Telluride Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
The Market Action Index stands at 36, indicating a slight seller's advantage in Telluride. This index helps in understanding the current market dynamics and can influence your buying or selling strategy.
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!