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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.
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.
One Telluride real estate market expert to keep an eye on this spring is Anne-Britt of Mountain Rose Realty. She’s been helping Telluride Real Estate buyers and sellers for years, and is well known as Telluride’s. For homeowners looking to sell or buy their luxury home in today’s market, we recommend working with a realtor like Mountain Rose Realty who is a Telluride and Mountain Village local who can provide you with critical knowledge about Colorado and the local market, maintain a high level of security during the transaction and knows how to leverage technology to provide maximum exposure and assistance.
Did you know that Anne-Britt's job is NOT selling houses? It is her responsibility as your TELLURIDE REALTOR to ensure that when others around you are lowering their expectations, that this becomes the time for us to switch gears and discover how to leverage the market effectively to achieve your goals.
Mountain Rose Realty. Unique. Like you!
Thank you for taking time to view this report. For more information about this report and the services I can offer you and your luxury property, please give me a call at 970.759.4886.