Telluride Luxury Market Digital Report for September 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 August 2023.

Single Family Homes

The Telluride single-family luxury market is currently a Buyer's Market, boasting an 8% Sales Ratio. This favorable market condition means that buyers have the upper hand when it comes to negotiations, making it an ideal time to invest in your dream home.

Homes in Telluride sold for a median of 96.05% of the list price in August 2023, reflecting a competitive yet balanced market.

If you're eyeing a property in the price range of $7,000,000-$7,999,999, you're in luck! This is the most active price band, with a remarkable sales ratio of 100%, showcasing strong demand in this segment.

The median luxury sales price for single-family homes in Telluride currently stands at $7,500,000, offering a glimpse into the exclusivity and desirability of this real estate market.

However, it's important to note that the median days on market for August 2023 was 191 days, a significant increase from 55 days in August 2022. This shift indicates a slightly slower pace, which can be advantageous for buyers as they have more time to explore their options and make informed decisions.

Attached Homes

Similar to single-family homes, the Telluride luxury market for attached homes is also a Buyer's Market with an 8% Sales Ratio. This buyer-friendly environment is conducive to finding a great deal.

In August 2023, attached homes in Telluride sold for a median of 96.05% of the list price, aligning with the balanced nature of the market.

If your budget falls within the $7,000,000-$7,999,999 price range, you're in a sweet spot where the sales ratio is an impressive 100%. This segment continues to attract eager buyers.

The median luxury sales price for attached homes mirrors that of single-family homes at $7,500,000, showcasing consistent pricing standards across different property types.

While the market remains favorable for buyers, the median days on market for attached homes in August 2023 was 191 days, up from 55 days in August 2022. This extended timeframe provides ample opportunities for buyers to explore available options thoroughly.

In conclusion, Telluride's real estate market in August 2023 offers a unique blend of luxury and opportunity. Whether you're searching for a single-family home or an attached property, the Telluride market presents various options to suit your needs. Contact Mountain Rose Realty and Anne-Britt today to explore Telluride homes for sale and take advantage of this exciting market. Don't miss your chance to be part of this charming Colorado community.