The Telluride and Mountain Village residential housing market (single-family homes and condominiums) has rebounded from its low in 2009 and continues to show signs of strong recovery. The large number of sales and sales volume in 2012 is believed to be the result of several driving factors including a concern of possible changes in tax laws and the way capital gains are taxed, indication that the market was recovering, investors seeing the value of distressed properties, and an influx of money from Texas.
Both the Town of Telluride and Mountain Village residential (single-family and condo) markets has shown significant recovery in the recent years, with 2014 showing strong sales, the best since our high of 2007.
In the Town of Telluride, 2014 market performance exceeded our high of 2007! 2015 sales remain flat as inventory is very low. Those properties that come on the market usually sell quickly.
In Mountain Village, although 2010 and 2012 appear to be years where the market was recovering, several large sales inflated total sales volume. In 2010, 8 single-family home sales accounted for $55,480,000 in volume. In 2012, 5 single-family home sales accounted for $40,850,000 in volume. 2014 shows strong market performance over previous years.