Telluride Luxury Market Digital Report for April 2023
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Are you looking to invest in the luxury real estate market in Telluride? Look no further than Anne-Britt of Mountain Rose Realty for expert insights on the current state of the market. Let's dive into some key data points for March 2023:
Buyer's Market with a 10% Sales Ratio The current Telluride single-family luxury market favors buyers with a 10% Sales Ratio. This means that there are more properties available than there are buyers, giving buyers the upper hand in negotiations.
Homes Sold for a Median of 96.71% of List Price In March 2023, homes in Telluride sold for a median of 96.71% of their list price. This suggests that while it is a buyer's market, sellers are still able to secure a solid return on their investment.
Most Active Price Band: $3,000,000-$3,499,999 If you're looking to invest in the Telluride luxury real estate market, the most active price band is currently between $3,000,000 and $3,499,999. In fact, homes in this price range have a sales ratio of 50%, indicating that there is significant demand in this segment of the market.
Median Luxury Sales Price for Single-Family Homes: $4,775,000 For those looking to invest in luxury single-family homes in Telluride, the median sales price is currently $4,775,000. While this is a significant investment, it is worth noting that the potential for return on investment is high.
Median Days on Market: 116 Days Finally, it's important to note that the median days on the market for luxury single-family homes in Telluride was 116 days in March 2023, up from 69 days in March 2022. This suggests that while the market is favorable for buyers, it may take longer for sellers to secure a sale.
In conclusion, the luxury real estate market in Telluride is currently favoring buyers, but there are still opportunities for sellers to secure a solid return on their investment. With the expert guidance of Anne-Britt of Mountain Rose Realty, you can navigate the market with ease and confidence.
One Telluride real estate market expert to keep an eye on this spring is Anne-Britt of Mountain Rose Realty. She’s been helping Telluride Real Estate buyers and sellers for more than 10 years, and is well known as Telluride’s. For homeowners looking to sell or buy their luxury home in today’s market, we recommend working with a realtor like Mountain Rose Realty who is a Telluride and Mountain Village local who can provide you with critical knowledge about Colorado and the local market, maintain a high level of security during the transaction and knows how to leverage technology to provide maximum exposure and assistance.
Did you know that Anne-Britt's job is NOT selling houses? It is her responsibility as your TELLURIDE REALTOR to ensure that when others around you are lowering their expectations, that this becomes the time for us to switch gears and discover how to leverage the market effectively to achieve your goals.
Mountain Rose Realty. Unique. Like you!
Anne-Britt Ostlund | Mountain Rose Realty
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