Telluride Luxury Market Digital Report for October 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 September 2023.
Unveiling the Telluride Luxury Real Estate Market Trends for September 2023
If you're considering entering the luxury real estate market in Telluride, Colorado, the current conditions favor buyers and sellers alike, albeit in different segments. Mountain Rose Realty, headed by the esteemed Anne-Britt Ostlund, is here to guide you through the intricate dynamics of the Telluride single-family and attached luxury real estate markets for September 2023.
Telluride Single-Family Luxury Market: A Buyer's Paradise
In September 2023, the Telluride single-family luxury market exudes the essence of a Buyer's Market, with a 7% Sales Ratio. This translates to a favorable environment for prospective homebuyers, allowing room for negotiation and advantageous deals.
Homes within this segment were acquired at a median of 97.10% of the listed price, showcasing a balance between competitive pricing and premium quality. Among the diverse price bands, the range of $11,000,000-$11,999,999 emerged as the most active, boasting a robust 50% sales ratio.
Delving into the heart of this market, the median luxury sales price for single-family homes in Telluride stands at an inviting $4,850,000, making it an attractive proposition for those seeking opulent living.
As for the time a property spends on the market, the median days on market for September 2023 decreased to a respectable 75 days, demonstrating improved speed and efficiency compared to the same period in the previous year.
Telluride Attached Luxury Market: A Seller's Delight
Contrastingly, the Telluride attached luxury market in September 2023 showcases a Seller's Market, boasting a 51% Sales Ratio. This signals a favorable climate for sellers, offering an advantageous position for those looking to list their attached luxury homes.
Homes in this category were typically sold at a median of 95.82% of the listing price, ensuring a reasonable return on investment for sellers. Interestingly, the price band ranging from $800,000-$899,999 experienced exceptional activity, displaying a remarkable sales ratio of 200%.
In terms of median luxury sales price for attached homes, the figure stands at a competitive $2,097,500, making this segment a compelling option for both buyers and sellers seeking value and premium living.
The median days on market for September 2023 increased slightly to 116 days, possibly indicating a cautious approach among buyers in this particular segment, yet still presenting ample opportunities for those interested in attached luxury properties.
Anne-Britt Ostlund and Mountain Rose Realty: Your Trusted Partners in Telluride Real Estate
Navigating the luxury real estate market, especially in a renowned destination like Telluride, requires the expertise and guidance of a dedicated team. Anne-Britt Ostlund and Mountain Rose Realty are committed to helping you make informed decisions, whether you are buying or selling in Telluride.
For more insights into Telluride homes for sale and personalized assistance in achieving your real estate goals, reach out to Anne-Britt Ostlund and her team at Mountain Rose Realty. With their deep understanding of the local market and a passion for client satisfaction, you're in reliable hands as you embark on your luxury real estate journey in Telluride, Colorado.