Telluride Luxury Market Digital Report for June 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 Single Family Homes in June 2023:
The Telluride single-family luxury market currently favors buyers, indicating a Buyer's Market with an 8% Sales Ratio. In June 2023, homes in this segment were typically sold for approximately 94.89% of their list price. Notably, the price bands that experienced the highest level of activity were the $3,000,000-$3,499,999 and $10,000,000-$10,999,999 ranges, with a sales ratio of 25%. The median sales price for luxury single-family homes stands at $6,532,500.
Furthermore, the median days on the market for June 2023 increased to 331 days, marking a notable rise from the 230 days observed in June 2022. These figures suggest that properties in the Telluride luxury market are taking longer to sell compared to the previous year.
On the other hand, the luxury market for attached homes in the Telluride attached luxury market is currently characterized as a Balanced Market, indicating a relatively equal balance between buyers and sellers, with an 18% Sales Ratio. In June 2023, homes in this segment typically sold for around 97.20% of their list price. Notably, the price band that exhibited the highest level of activity was the $800,000-$899,999 range, with a sales ratio of 67%. The median sales price for luxury attached homes is $1,175,000.
Furthermore, the median days on the market for June 2023 increased slightly to 57 days, compared to 53 days in June 2022. These figures suggest that attached luxury properties in Telluride are spending a slightly longer time on the market compared to the previous year, but overall, the market remains relatively balanced between buyers and sellers.
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 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!
Thank you for taking time to view this report. For more information about this report and the services I can offer you and your luxury property, please give me a call at 970.759.4886.