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With 2005 now another chapter in the history books, the local real estate
market has again set a new record for dollar volume, answering the question
could the banner year we saw in 2004 repeat itself.
According
to Telluride Consulting, 2005 real estate dollar volume in San Miguel
County exceeded the previous year's record $671 million by 17 percent,
with $724.8 million worth of real estate trading hands through 884 sales.
Not only is this an increase in dollar volume, it also represents a
three-percent increase in number of sales over 2004.
The graph
below provides a quick snapshot of the last 10 years worth of real estate
transactions in our county with figures for dollar volume of sales,
number of sales and compound annual growth rate.
The Telluride
Association of Realtors has also published a new, single-page Market
Update summarizing 2005 with an eye to month-to-month comparisons. This
is based soley on transactions recorded in the region’s Multiple
Listing Service. It is posted on our website in The Local Market Section.
In more
immediate local news, the Mountain Village core continues to expand
with construction breaking ground for the St. Regis Hotel. On the topic
of construction, we welcome a new member to our team, Josh Rapaport,
a builder from Fairfield County, Connecticut. Josh is busy obtaining
his real estate broker’s license and we expect he will fit in
quite well with our company’s diverse set of personalized real
estate services.
Dominating the news the past couple weeks has been the debate over the
proposed development of a portion of the valley floor, and a special
election has been set for February 14. We have included a Telluride
Watch article that summarizes the pros and cons of the deal, in
addition to a piece written on the search for a new location for a rec
center in Mountain Village.
Our featured listing this month is 331
W. Galena, a single-family residence currently under construction.
This Bercovitz Design, craftsman-style, 4-bedroom, 3-bath home is located
on the sunnyside of town just off upper Oak Street and offers incredible
views toward the ski mountain and Bear Creek. For more information,
contact Jim
Lucarelli.
As always, we would love to see you next time you are in town, so please
feel free to stop by.
331 West Galena, Town of Telluride » |
 |
|
This
fine home is located on the sunnyside of town just off upper
Oak Street and features 4 bedrooms and 3 baths in the main house.
Currently under construction, it will offer incredible views
toward the ski mountain and Bear Creek. Designed and beautifully
detailed in classic Craftsman style by Bercovitz Design, architects.
Offered at $3,181,000
View
Complete Listing Information »
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At a Fateful Crossroads in the Battle
to Preserve the Valley Floor » |
|
December brought a blockbuster announcement from the Telluride
Town Council. Contrary to most expectations, court-ordered mediation
had produced a possible settlement with the San Miguel Valley
Corp. in the town’s ambitious bid to acquire the company’s
Valley Floor property by means of condemnation.
Even before all of the terms of the proposed settlement were
released at a special council meeting in the Palm Theatre on
Dec. 14, skepticism was voiced, setting up what is likely to
be a hard-fought campaign for and against the deal leading up
to a special town election in February. At stake in the minds
of many as we approach this crossroads is nothing less than
the future of Telluride.
Reprinted
with permission from The Telluride Watch.
Read
More ...
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| MV
Rec Center Looking for a New Home » |
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Published 1/6/06
By Matthew Beaudin
Weeks
after the fizzled land deal between Telluride Ski and Golf and
the Mountain Village, elected officials know they want a rec center.
They just don't know where to put it.
"I
think the consensus of the members of the various boards and town
council is that we would like to see a rec center built, and that
we're going to investigate other potential sites," said Phil
Evans, a Mountain Village Town Council and Metropolitan District
board member. The last time the various Mountain Village boards
met was last month, but Evans said nothing has changed in their
thinking. "I
haven't heard anything subsequently that would suggest there's
a different point of view," he said.
Reprinted
with permission from The Daily Planet.
Read
More ...
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| Bridgecreek, Aldasoro Ranch » |
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The sound of cascading water; incredible views of 14,000-foot
peaks and the valley below; old-growth aspen trees; elk and deer
wandering the land: Welcome to Bridgecreek, a unique property
sitting on over 3 acres of sunny mesa just minutes from Telluride,
Mountain Village and the airport.
Offered at $7,500,000
View Complete Listing Information »
CLICK
HERE
for a Visual Tour of this listing.
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| Wild Skies Ranch, Wilson Mesa Ranch » |
|
Wild Skies Ranch is an exceptional offering for the equestrian enthusiast.
Just 16 miles from Telluride, the ranch features a spacious 5-bedroom
main house, guest quarters over the 3-car heated garage, and 4
fenced grazing pastures.
Offered at $4,399,000
View
Complete Listing Information »
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| 232 North Willow, Town of Telluride » |
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Located in one of the best neighborhoods in town, this 3-bedroom,
2-bath plus loft home has a lot of potential. The 1,721-sq.-ft.
main house has an upstairs kitchen/living room. A 330-sq.-ft.
guest house outfitted with 6 skylights, custom-made wood and steel
finishings sits behind the main residence.
Offered at $1,995,000
View
Complete Listing Information »
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Franklin Manor, Town of Telluride » |
|
This property offers tons of space and two great opportunities. Zoned
commercial, it can be run as-is as a bed and breakfast or converted
to multiple units. With over 4,300 sq. feet of finished living
space and 6 bedrooms, 5 full baths and 1 half-bath, the property
has plenty of room for everyone.
Offered at $1,895,000 - UNDER CONTRACT!
View
Complete Listing Information »
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| 298 Woods Road, Wilson Mesa » |
|
_Preview.jpg) This 2-bedroom, 2-bath home is on Wilson Mesa, 25 minutes from the
Town of Telluride. The property is 7.8 acres, which is mostly
flat and forested. There is a 2-boxstall barn...
Offered at $835,000
View
Complete Listing Information »
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Lot 360, 112 Rocky Road, Mountain Village » |
|
A great lot with a desirable address at the intersection of Rocky
Road and Snowfield Drive. Close to both the Marmot (blue) and
Galloping Goose (double green) ski runs and the 35-acre Hood Park
open space. A gentle slope opens up views of the San Sophia Ridge
to the north.
Offered at $618,000 - UNDER CONTRACT!
View
Complete Listing Information...
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| Market Activity » |
|
Telluride/Mountain
Village MLS
December 13, 2005-January 17, 2006
Single
Family homes
|
|
| 3 closed |
average
price (sold) $1,925,000 |
| 17
currently under contract |
average
price (sold) $3,157,882 |
Vacant
Land
|
|
| 5
closed |
average
price (sold) $739,200 |
| 17
currently under contract |
average
price (asking) $1,532,941 |
Condominiums
|
|
| 13
closed |
average
price (sold) $901,692 |
| 57
currently under contract |
average
price (asking) $1,549,081 |
Commercial
|
|
| 1
closed |
average
price (asking) $85,000 |
| 7
currently under contract |
average
price (asking) $1,081,550 |
| Fractionals |
|
| 0
closed |
average
price (asking) $0 |
| 16
currently under contract |
average
price (asking) $131,656 |
All information from Telluride MLS
- deemed reliable but not guaranteed. |
Winter Flight Schedule » |
|
Whether
a specific week or weekend piques your interest, or you are just
looking for something different, it is time to start thinking
about winter in Telluride and how to get here. This year American/American
Eagle, America West Express, Continental, Great Lakes Airlines
and United are providing a selection of flights into Montrose
and Telluride.
2005-2006
Winter Flight Schedule
| Carrier |
From |
To |
Frequency |
Seats
/ Type |
| American
Airlines |
Dallas/
Ft. Worth (DFW) |
Montrose
(MTJ) |
Mon.
- Fri. |
70
/ Jet |
| American
Airlines |
Dallas/
Ft. Worth (DFW) |
Montrose
(MTJ) |
Sat.
- Sun. |
136
/ Jet |
| American
Airlines |
Chicago
O'Hare (ORD) |
Montrose
(MTJ) |
Sat. |
136
/ Jet |
| Continental
Airlines |
Houston
Intercontinental (IAH) |
Montrose
(MTJ) |
Daily
(2 Flights on Sat.) |
124
/ Jet |
| Continental
Airlines |
Newark
(EWR) |
Montrose
(MTJ) |
Sat.
(2 Flights) |
124
/ Jet & 104 / Jet |
| Continental
Airlines |
Los
Angeles (LAX) |
Montrose
(MTJ) |
Daily |
50
/ Jet |
| Great
Lakes Airlines |
Denver
(DEN) |
Telluride
(TEX) |
Frequent
Daily Flights |
19
/ Turbo-Prop |
| United
Express |
Denver
(DEN) |
Montrose
(MTJ) |
Frequent
Daily Flights |
30
/ Turbo-Prop |
| United
Airlines |
Denver
(DEN) |
Montrose
(MTJ) |
Sat.
& Sun. |
120
/ Jet |
| America
West Airlines |
Phoenix
(PHX) |
Telluride
(TEX) |
Daily |
37
/ Turbo-Prop |
America West, 800-235-9292
Great Lakes Airlines, 800-554-5111
Continental, 800-523-3273
United/United Express, 800-864-8331
Non-Stop jet service operates December 15, 2005 through April
2, 2006. Some Continental flights have reduced schedule January
4 through Februruary 16
For
the most competitive airfare, lodging and information call 800-778-8581.
For air only reservations, call the Telluride / Montrose Air Concierge
877-727-8885.
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| Calendar of Events » |
|
| 19-21 |
Women's Week - an on-mountain program for women by women. |
| 21 |
21
One to One Fundraiser, Sheridan Opera House, Rockadiles Band
|
| 21 |
The
Sheridan Arts Foundation presents ANTHONY B -Doors open 8:30pm
and show starts at 9p.m. |
| 24,
25 |
Ski-and-See
- the Wailers - one/two day lift ticket (24th and/or 25th)
+ concert ticket |
| 26 |
Bongo
Love Live at the Sheridan Opera House, "A Tribute to
Bob Marley," 9:00 p.m. |
| 27,
28 |
Two
Nights of Pickin' with Honky Tonk Homeslice featuring Billy
Nershi, Railroad Earth and special guests live at the Sheridan
Opera House, 8:30 p.m. |
| 29 |
Kevin
Mahogany Live at the Sheridan Opera House, 7:30 p.m. |
| 4 |
Beaux
Arts Ball, Fundraiser for the Telluride Council for the Arts
and Humanities, Telluride Conference Center, Mountain Village,
8:00 p.m. |
| 7 |
The
PEKING ACROBATS Chinese Carnival, Palm Theater, 6:30 p.m. |
| 11 |
Chocolate
Lovers Fling - Sample deluxe chocolate concoctions, made by
local chefs and bakers, and dance to benefit San Miguel Resource
Center's domestic violence and sexual assault program. |
| 11 |
One-Day
Avalanche Refresher Sponsored by San Juan Field School & San
Juan Outdoor School |
| 12-16 |
Women's
Week - an on-mountain program for women by women. |
| 16 |
Winterfilm - enjoy the screening of thought-provoking and
adventure - related films at the Telluride Conference Center |
| 17 |
Comedy
Fest - professional comedy visits Telluride at the Sheridan
Opera House. |
| 18 |
Butch Cassidy Ski Chase - Telluride Nordic Association hosts
an x-country ski race at Faraway Ranch. |
| 24 |
One-Day
Avalanche Refresher Sponsored by San Juan Field School & San
Juan Outdoor School |
| 24 |
Telluride
Community Television and the Michael D. Palm Theatre present
Shawn Colvin, singer, songwriter, acoustic guitarist - TCTV
fundraiser |
| 25 |
One-Day
Avalanche Refresher Sponsored by San Juan Field School & San
Juan Outdoor Schoo |
| 26
- Mar. 6 |
Telluride AIDS Benefit. A week-long event that works to fight
AIDS, fund AIDS programs and promote AIDS education |
| 26
- Mar. 5 |
Gay Ski Week Begins - Mix and mingle at apres ski parties,
experience a full line-up of DJ's, drinks, and dancing and
create a lifetime of memories in an outrageous mountain setting. |
| 28 |
Mardi Gras Divine Decadance Extravaganza at The Swede Finn
Hall - to benefit San Juan Adaptive Riding Program |
*Dates are subject to change, to confirm go to www.visittelluride.com
View
Our Website Calendar »
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