TAR Market Update

The Telluride Association of Realtors (TAR) publishes a Market Update three to four times a year. These reports are based on the Multiple Listing Service (MLS) data only and do not include sales in the region that were not input into the MLS.

March 2010 Market Update (2009 Year End) -- Not Out of the Woods, But Gaining Momentum

 It appears things might start turning around in the national real estate world. Altos Research reported on December 28, 2009 that "Inventory in the resale market continues its steady decline after peaking in the fall of 2008, and while new sellers entering the market are pricing at consistently lower levels, indicating general market weakness, the percentage of sellers with price reductions is also falling, indicating that sellers who have been on the market are feeling more confident of receiving their ask price."

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October 2009 Market Update -- Telluride Continues to Plug Away - Numbers Down but Notable Sales and National Statistics Encouraging

April 2009 Market Update -- Telluride Hangs On and Holds Strong - Prices and Property Values Remain Steady as Overall Activity Slows

It's a difficult time for real estate and while the trickle-down effect is undoubtedly impacting San Miguel County, the Telluride region is in what could be described as more of a lock-down holding pattern.

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May 2008 Market Update -- Spring Picks Up After Slower Start to the New Year

Taking into consideration what is going on nationwide with regard to the economic slowdown and mortgage crisis, one would suspect that the Telluride area would feel some of the residual effects. But fortunately, the region's solid market, which appeals largely to the upper eschelons of the real estate population, is already showing a positive start to the second quarter.

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January 2008 Market Update -- 2007: Another Banner Year for the Telluride Market

Much like the recent weather pattern, real estate in the Telluride area continues to be a blizzard of activity. According to data compiled by the Telluride Association of Realtors Multiple Listing Service -- which includes regional transactions handled by the organization's 240-plus broker members -- total dollar volume for real estate sales in 2007 topped out at $710 million, an overall history high and 6% higher than last year's total (and former history high) of $670 million.

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September 2007 Market Update -- Telluride Region Flies High Despite National Lows

While most of the nation reports economic slowdowns and leveling in real estate activity, the Telluride region continues to boast a very solid market with strong, even record-breaking figures. As reported by the Telluride Association of Realtors, the summer season showed superb revenue-producing months and currently (January-August), the market's total annual dollar volume is higher than it has ever been.

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April 2007 Market Update -- 2006 Shows Highest Dollar Volume in TAR History

According to stats compiled by Telluride Association of Realtors, the regional real estate market has been bustling with activity during the past several months. November and December of last year closed 2006 with record numbers, while this year's first quarter is off to a solid start. TAR's data comes from its multiple listing service (MLS) and inlcudes all transactions handled by its 230-plus broker members.

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November 2006 Market Update -- Strong 2006 Market Looking Solid for Year-End

With only two months left in the year, 2006 is gearing up to be another record-breaker with regard to total dollar volume in the regional real estate market. This data is based upon the Telluride Association of Realtors' Multiple Listing Service (MLS), which includes all transactions handled by its 200-plus broker members.

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In a nutshell, Telluride is getting through it like everyone else. On account of the current state of the economy, or rather where it was during the first two quarters of 2009, real estate activity slowed considerably.

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It appears things might start turning around in the national real estate world. Altos Research reported on December 28, 2009 that “Inventory in the resale market continues its steady decline after peaking in the fall of 2008, and while new sellers entering the market are pricing at consistently lower levels, indicating general market weakness, the percentage of sellers with price reductions is also falling, indicating that sellers who have been on the market are feeling more confident of receiving their ask price.”