Telluride Real Estate Market Sets Another Record in 2021
That’s all, folks! 2021 has come to a close, and once again, Telluride real estate has set yet another record. San Miguel County’s real estate sales surpassed 2020’s $1.1b for a new record of $1.4b in 2021.
Want all the details? Click here to read the full Q4 report, or take a peek at some of our insight below.
While the new record indicates that sales will continue trending upwards, current homeowners have become hesitant to sell their retreats without a good reason. We don’t foresee 2022 passing 2021, despite high demand.
Despite the high numbers, real estate sales volume in the Town of Telluride dropped by 13% – not due to lack of interest or demand, but due to lack of inventory available. There are currently only 36 condos, homes and parcels available for sale.
On the contrary, Mountain Village real estate has continued to see growth as people look outside of the confines of town. Sales volume is up 37% compared to 2020, with 49 homes, 71 parcels and 137 condos selling in 2021.
We’re so lucky to be a part of such a great local team helping our clients reach their real estate goals. In 2021, we helped 80 clients close transactions in the region, 32 of which were deals that involved locals. Check out the entirety of Telluride Properties’ involvement in San Miguel County sales below.
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 apres-ski cocktail or our favorite runs, don’t hesitate to contact us. If you’re ready to start your search now, click here. We’d love to show you around.