Welcome to the weekly update on the Telluride Condo Market, brought to you by Mountain Rose Realty and our expert realtor, Anne-Britt Ostlund. In this edition, we'll delve into the latest trends, prices, and market conditions to help you stay informed about Telluride real estate.
As of February 2, 2024, the median list price for properties in Telluride, CO 81435, stands at $1,925,000, indicating a slight increase from the previous month. The market action index, a key indicator of market activity, is at 25, signifying a slight Buyer's Advantage.
The market has experienced a relative stasis in inventory and sales conditions, resulting in a Buyer's market where prices have trended lower. For a significant shift in price trends, sustained upward trends in demand are essential. Homebuyers can leverage the current conditions to explore available options and potentially secure favorable deals.
Real-Time Market Profile
For those keen on staying ahead of the curve, here's a snapshot of the Telluride real estate market's current profile:
Median List Price: $1,925,000
Median Price of New Listings: $2,750,000
Price per Square Foot: $1,715
Average Days on Market: 160
Median Days on Market: 133
Price Decreased: 15%
Price Increased: 0%
Median Rent: $6,500
Market Action: 25 (Slight Buyer's Advantage)
Expert Insights from Anne-Britt Ostlund
Anne-Britt Ostlund, a trusted real estate professional with Mountain Rose Realty, emphasizes the significance of staying informed about these real-time market dynamics. "The Telluride Condo Market is currently offering a slight advantage to buyers. However, it's crucial to monitor the trends closely and act promptly, as market conditions can evolve rapidly," says Ostlund.
Homes for Sale in Telluride
If you're considering making Telluride your home or seeking investment opportunities, now is an opportune time. Mountain Rose Realty specializes in Telluride homes for sale, ensuring that you find the perfect property to suit your preferences and budget.
Stay tuned for our weekly updates on the Telluride Condo Market, and remember that Mountain Rose Realty, led by Anne-Britt Ostlund, is here to guide you through every step of your real estate journey. Whether you're buying or selling, our team is committed to providing you with the expertise and personalized service you deserve.
For more information on Telluride real estate or to explore available properties, contact Mountain Rose Realty today. Your dream Telluride home may be just a click away!