Telluride Luxury Market Digital Report for May 2024

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Presented by Mountain Rose Realty and Anne-Britt Ostlund

Welcome to the May 2024 edition of the Telluride and North America Luxury Market Digital Report. In this comprehensive analysis, we delve into the latest trends and statistics shaping the luxury real estate market across North America, with a special focus on the exclusive Telluride real estate market. Whether you’re a potential buyer, seller, or simply an enthusiast of luxury properties, this report provides invaluable insights into the dynamics of the market, helping you make informed decisions. Join us as we explore the performance of both single-family and attached homes, highlighting key markets and revealing what’s driving the sustained demand for luxury properties. Discover why Telluride stands out with its impressive median sales prices and balanced market conditions, and learn how expert realtors like Anne-Britt Ostlund of Mountain Rose Realty can guide you through the nuances of this prestigious market. Dive in to understand the current landscape and future outlook of luxury real estate in Telluride and beyond.

North America Single Family Homes Market Summary

The North American single-family homes market remains a seller's market with a robust 30.24% sales ratio. Homes are achieving 99.04% of their list price, illustrating strong buyer interest and market confidence. The median luxury threshold price stands at $912,500, while the median luxury home sales price is $1,251,700. Among the top markets, Telluride leads with a staggering median sales price of $6,950,000, followed by Vail, Lake Tahoe, and Naples.

North America Attached Homes Market Summary

Similarly, the attached homes market is categorized as a seller's market with a sales ratio ranging from 24-38%. These homes are selling for 99.08% of their list price. The median luxury threshold price is $700,000, and the median luxury sale price is $858,000. Manhattan, Vail, Naples, and San Francisco are among the markets with the highest median sales prices for attached homes.

Telluride Real Estate Market Summary | April 2024

Single-Family Homes

The Telluride single-family luxury market is currently a balanced market with a 14% sales ratio. Homes in this category sold for a median of 95.00% of the list price in April 2024. The most active price band is between $7,000,000 and $7,999,999, boasting a sales ratio of 150%. The median luxury sales price for single-family homes is $6,950,000, with the median days on market increasing to 229 days, up from 99 days in April 2023.

Attached Homes

The attached luxury market in Telluride is also balanced with a 12% sales ratio. These homes sold for a median of 100.00% of the list price in April 2024. The most active price band for attached homes is between $2,000,000 and $2,499,999, with a sales ratio of 50%. The median luxury sales price is $2,295,000, and the median days on market decreased to 109 days from 128 days in April 2023.

May’s Highlights for Luxury Market Report

The May report on the North American luxury real estate market offers invaluable insights and trends that are crucial for any potential buyer or seller to consider:

  1. Market Overview: The report provides a comprehensive analysis of the luxury real estate market, highlighting trends and comparative data across top residential markets in the United States and Canada.
  2. Market Trends: It includes month-over-month market statistics and a 13-month trend analysis, showing the market's growth and transformation driven by new trends, increased demand, and technological advancements.
  3. Continued Demand: Despite external uncertainties, there is consistent demand for luxury properties, as evidenced by rising sales figures and stable prices.
  4. Future Growth: Experts predict continued growth in the luxury real estate market, fueled by affluent buyers, foreign investment, and technological innovation.
  5. Evolving Preferences: Affluent consumers' evolving preferences are reshaping the market, with a focus on personalized experiences and sustainability.
  6. Curated Lifestyles: Trends such as curated lifestyles, cultural fusion architecture, and the blend of luxury with sustainability are becoming more prominent.
  7. Privacy and Security: Increasing importance is placed on privacy and security, leading to a demand for exclusive enclaves and remote properties.
  8. Local Market Insights: Understanding the local market dynamics is crucial as they can differ significantly from national trends.
  9. Expert Guidance: Working with a knowledgeable realtor like Anne-Britt Ostlund at Mountain Rose Realty can provide critical insights into the local market, ensuring maximum security during transactions and leveraging technology for maximum exposure.
  10. Leveraging the Market: It's essential to adopt an analytical approach to appreciate market realities and effectively achieve your real estate goals, especially in high-value markets like Telluride real estate.

For those interested in exploring Telluride homes for sale or investing in the Telluride real estate market, partnering with a seasoned realtor like Anne-Britt Ostlund at Mountain Rose Realty ensures you receive expert guidance tailored to the nuances of this prestigious market. Whether you're buying or selling, the right strategy and professional support can make all the difference in achieving your real estate aspirations.

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Telluride, CO 81435

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