Telluride Luxury Market Digital Report for June 2024

Presented by Mountain Rose Realty and Anne-Britt Ostlund

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Welcome to the Telluride Luxury Market Digital Report for June 2024, presented by Mountain Rose Realty. This comprehensive analysis provides insights into the luxury real estate market across North America, with a particular focus on the Telluride area. Whether you're interested in buying, selling, or simply staying informed, this report offers valuable information to help you navigate the market effectively.

Overview of the North American Luxury Real Estate Market

The North American luxury real estate market remains robust as we head into the summer of 2024. Despite challenges such as inflation and rising living costs, the market shows strong resilience. Affluent buyers continue to strategically navigate interest rates and invest in prime properties, especially those that offer exclusive amenities, privacy, and stunning views.

Key Highlights:

  • Market Trends: The report tracks month-over-month statistics and a 13-month trend to provide a clear picture of the market's direction.
  • Buyer Preferences: There's a growing demand for family-friendly, multi-generational living spaces, vacation homes, and eco-friendly properties.
  • Design Trends: Luxury buyers are favoring vibrant, joyful spaces that reflect natural beauty, blending modern comfort with timeless elegance.
  • Top Amenities: Technology, wellness, sustainability, and entertainment amenities are at the top of buyers' wish lists this summer.

North American Single Family Homes Market Summary

The single-family homes market across North America is currently a seller's market with a 32.00% sales ratio. Key metrics include:

  • Sales Price: Homes are selling for an average of 99.35% of the list price.
  • Median Luxury Threshold: $925,000.
  • Median Luxury Home Sales Price: $1,305,000.
  • Highest Median Sales Prices: Telluride ($5,192,500), Vail ($4,250,000), Los Angeles Beach Cities ($4,243,750), Palm Beach Towns ($4,100,000).
  • Highest Sales Ratios: East Bay (126.7%), Howard County, MD (110.8%), Silicon Valley (84.6%), Montgomery County, MD (82.3%).

North American Attached Homes Market Summary

The attached homes market is also a seller's market with a 23.89% sales ratio. Key metrics include:

  • Sales Price: Attached homes are selling for an average of 99.87% of the list price.
  • Median Luxury Threshold: $700,000.
  • Median Attached Luxury Sale Price: $879,900.
  • Highest Median Sales Prices: Vail ($4,525,000), Manhattan ($4,212,500), Island of Hawaii ($2,900,000), Telluride ($2,752,500).
  • Highest Sales Ratios: Anne Arundel County (192.3%), Fairfax County, VA (164.6%), Howard County (134.1%), East Bay (119.1%).

Telluride Real Estate Market Summary

Single Family Homes

The Telluride single-family luxury market is currently balanced with a 13% sales ratio. Key metrics include:

  • Sales Price: Homes sold for a median of 93.19% of the list price in May 2024.
  • Most Active Price Band: $4,000,000-$4,749,999, with a 100% sales ratio.
  • Median Luxury Sales Price: $5,192,500.
  • Median Days on Market: 157 days (up from 118 days in May 2023).

Attached Homes

The attached luxury market in Telluride is also balanced with a 16% sales ratio. Key metrics include:

  • Sales Price: Homes sold for a median of 94.08% of the list price in May 2024.
  • Most Active Price Band: $2,500,000-$2,999,999, with a 150% sales ratio.
  • Median Luxury Sales Price: $2,752,500.
  • Median Days on Market: 94 days (down from 125 days in May 2023).

Expert Insights and Recommendations

For homeowners looking to sell or buy luxury homes in today’s market, working with a knowledgeable realtor is essential. Anne-Britt Ostlund of Mountain Rose Realty is your go-to expert for navigating the Telluride real estate market. With her in-depth understanding of local trends and a commitment to leveraging technology, she ensures maximum exposure and assistance for her clients. As a REALTOR®, Anne-Britt's mission is to help you achieve your goals by effectively leveraging the market conditions.

Conclusion

The luxury real estate market in Telluride, CO, and across North America is thriving as we enter the summer of 2024. With a keen understanding of market trends and buyer preferences, Mountain Rose Realty is here to guide you through every step of your real estate journey. Whether you’re looking for Telluride homes for sale or considering selling your property, trust the expertise of Anne-Britt Ostlund to make the most of the current market dynamics.

Stay tuned for more updates and insights from the Telluride Luxury Market Digital Report. For any inquiries or personalized real estate advice, contact Anne-Britt Ostlund at Mountain Rose Realty today.


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Telluride, CO 81435

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