Telluride Real Estate Report: Q1 2022

Record-Low Inventory Sets the Pace for Telluride Real Estate to Kick Off 2022

The numbers don’t lie – the Telluride market is still hot, but may be shifting toward a more typical supply/demand balance at the market’s new level. Telluride homes and condos garnered record average prices per square foot in Q1 at $2,217 and $1,897 respectively, and Mountain Village also set records at $1,136 and $1,102, but we are starting to see longer days on market and seeing price resistance when properties are listed 20% higher than previous sales. 

If you are interested in selling your home, pricing is key. Our team is hyper-focused on maximizing revenue for our clients while avoiding overpricing properties and undermining value over time.

If you are a buyer, we aren’t anywhere near the top of the market in Telluride. If you are considering making a purchase, we can help you invest in your lifestyle here with our off-market listings and market insight without overpaying. 

Want to learn more about the current real estate market in Telluride? Click here to read the full report or take a peek at some of our insight below.

Q1 San Miguel County Overview

Due to demand in San Miguel County, dollar volume was up 17% but the number of transactions was down 23%. Properties and homes are becoming scarce, and buyers have been willing to pay top dollar for anything they can get their hands on. 

Telluride, as shown below, has seen a drastic dollar volume increase, while the number of sales have decreased. Additionally, listings are selling at or close to asking price – a good sign for sellers. 

2022 Town of Telluride
2022 town of telluride real estate

While Telluride has continued to see demand, Mountain Village is seeing an opposite trend. With prices on the rise, we’ve seen some price resistance and longer days on market. The number of sales is down 41% and dollar volume is down 10%, but inventory is limited. There are only 3 small condos on the market and the rest of the available homes/condos are 4+ bedrooms. 

Mountain Village Q1
Mountain Village Q1

With only five homes available in Telluride and nine available in Mountain Village, it’s imperative as a buyer that you enlist the help of a seasoned broker to scour the market for you. As a seller, it’s important to capture top dollar while the Telluride market is still in high demand. 

Want more personalized details about your specific home or real estate search? We can help. Whether you’re looking for more insight about the current real estate market or simply want some local tips about the best hidden hikes or biking trails, don’t hesitate to contact us. If you’re ready to start your search now, click here. We’d love to show you around.

Team Blog Signature



Connect With Us on Social!

Let Us Help You Find Your Dream Home

Related Posts

Aerial summer exterior of 18390 CO145, Dolores real estate listing, including building, large paved patio area and river beyond.

Just Listed: 18390 Co-145, Dolores

This unique riverfront property in Dolores, Colorado boasts 19,000+ square feet of improvements on 2.72 acres with ~200 feet of river frontage. Situated directly on the well-traveled Scenic San Juan Sky Way, on the banks of the Dolores river, this property benefits from easy paved access and excellent exposure.

Sunny, exterior view of real estate listing 135 Marmot Way Ophir (Trout Lake), with decks, forest and blue skies

Just Listed: 135 Marmot Way, Ophir (Trout Lake)

This recently remodeled Trout Lake, Colorado haven borders an old-growth conifer forest, while majestic alpine peaks and the sparkling Trout Lake lie just beyond. Nestled within walking distance of the lake, this dream retreat offers nearly 2,800 sf of inviting living space.

Summer aerial view of Rico, Colorado real estate listing 15322 Road 55.9 with two homes on wooded property.

Just Listed: 15322 Road 55.9, Rico, CO

This Rico, Colorado property boasts 3+ acres with mature Aspen and Spruce trees supports and 3 structures to fuel your outdoor passions: an energy-efficient home w/sizeable decks and expansive windows, a garage/shop with a studio, full bath and oversized carport, and a whimsical 2022 yurt ideal for guests or workouts.

Have a Question?

We'd Love to Help

Shimkonis Partners