Telluride Luxury Market Digital Report for November 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 October 2023.
Welcome to the latest market update on Telluride real estate, where we delve into the specifics of single-family and attached homes in this picturesque mountain town. In this report, we'll be focusing on key statistics for October 2023, shedding light on market trends, pricing, and the overall real estate landscape. Whether you're a potential buyer or seller, understanding the dynamics of the Telluride market is essential. Let's dive into the details.
Single Family Homes in Telluride: A Buyer's Market
The Telluride single-family luxury market is currently favoring buyers, boasting a 6% Sales Ratio. In October 2023, homes in this category sold for a median of 92.92% of the list price. For those eyeing the $1,500,000-$1,999,999 price band, the market is particularly active, with a notable 33% sales ratio. The median luxury sales price for single-family homes stands at $1,625,000.
One noteworthy aspect is the median days on market, which decreased from 89 in October 2022 to 87 in October 2023. This suggests a slightly quicker pace in the sale of single-family homes, indicating a dynamic and potentially advantageous market for buyers.
For those considering Telluride real estate, particularly single-family homes, Mountain Rose Realty and Anne-Britt Ostlund are your go-to professionals. With an in-depth understanding of the market and a commitment to client satisfaction, they can guide you through the process of finding your dream home in this stunning mountain locale.
Attached Homes in Telluride: A Seller's Market
Shifting our focus to attached homes, the Telluride attached luxury market tells a different story, leaning in favor of sellers with a 42% Sales Ratio. In October 2023, these homes commanded a median of 97.82% of the list price. The $600,000-$699,999 price band emerges as the most active, boasting an impressive 200% sales ratio. The median luxury sales price for attached homes is $1,075,000.
Despite the seller's advantage, it's interesting to note that the median days on market for October 2023 increased to 75 days from 57 in October 2022. This suggests that while sellers may have an advantage, the market for attached homes has become slightly more deliberate.
Navigating the Telluride Real Estate Landscape
In summary, the October 2023 market update for Telluride real estate paints a nuanced picture. Single-family homes present a buyer's market with favorable conditions, while attached homes offer a seller's advantage, albeit with a more measured pace.
Whether you're interested in the tranquility of a single-family home or the convenience of an attached property, the key is to stay informed. For personalized guidance and a seamless real estate experience in Telluride, connect with Mountain Rose Realty and Anne-Britt Ostlund. They're dedicated to helping you find the perfect home in the breathtaking landscape of Telluride. Explore the available homes for sale in Telluride, CO, and make your real estate dreams a reality.