Land Title is a local company within Colorado and has been in business since 1967. To help partner with our customers and local communities, they have shared some valuable information on the real estate market in seven of our Colorado mountain communities of Aspen (Pitkin County), Breckenridge (Summit County), Steamboat Springs (Routt County), Glenwood Springs (Garfield County), Winter Park (Grand County), and Vail (Eagle County) and Telluride (San Miguel County).

2014 Highlights from the Seven Counties:

• Buyer Profile: 44.84% local, 23.89% Front Range, 30.25% Out-Of-State, 1.02% international
• All counties saw an increase in gross sales volume over 2013 numbers with San Miguel with the largest increase at 49.78%
• Single family average price up in all markets. Top two counties were Eagle with a 27.39% increase and San Miguel with a 32.45% increase
• Eagle County saw a substantial increase in new construction with 137.64% of its gross transactions being new construction.

Summit County saw a 7% increase in real estate transactions in 2014 over 2013 and is up 41% from its 2011 transactions counts.

San Miguel County:

• Median Residential Price up 20.15% from LY numbers
• Average Residential Price up 32.45% from LY numbers
• Gross Sales Volume up 49.78% from LY numbers
• Real Estate Transactions up 29.9% from LY numbers
• Buyer Profile: 33.27% Local, 3.23% Front Range, 62.17% Out-of-State, 1.33% International

Click Here for detailed reports.

Since December 1, 2014, 21 properties in the Town of Mountain Village have gone under contract totaling $26,027,650 in inventory.  During the same period last season (December 1, 2013 – January 22, 2014), 16 properties went under contract totaling $14,473,500.  This may be indicative of a stronger Mountain Village real estate market than we’ve seen in years.  Good news for properties owners looking to sell this year.

The Telluride regional real estate market is off to a great start since the beginning of ski season, with 75 properties under contract totaling more than $63 million.  Single family residential inventory in the Town of Telluride is at 34 units, a low number not seen in many years.  Properties in town are being purchased at record numbers and property values are returning to pre-recession numbers.  Mountain Village still boasts significant inventory, and buyers are likely to look there for value propositions.  Contact one of our brokers to assist you if you are considering buying or selling in the Telluride regional marketplace.

2014 in the Telluride regional real estate market has shown strong recovery. Inventory in the Town of Telluride is very low, with many prime properties purchased by savvy buyers. Sellers know that this is the time to sell … outstanding or unique homes and land don’t stay on the market very long. Many buyers are now looking to Mountain Village as good value, none less than the Villas at Cortina, a spectacular offering trailside on the Sundance ski run. Look for 2015 to be a banner year for Telluride regional real estate sales!