Telluride Residential Property Sales Down by 48% in January 2019

Is it a big deal that sales are down by 48% in January?

Not really. Sales volume is very temperamental month to month in a the small market of Telluride. 

Single family homes and Condo sales in towns of Telluride and Mountain Village have fallen in January of this year by $6.7 million, a 48% decrease compared to January 2018. Residential properties sold in January 2019 ranged in price from $143,000 to $1,950,000 with a median sold price of $920,000.

 

Telluride, Mountain Village Sales January 2019 January 2018 YTD 2019 YTD 2018
Properties Sold 14 15 14 15
Sales Volume $13.9M $20.6M $13.9M $20.6M
Days on Market 195 195 195 195

 

The least expensive property sold is a condo that consisted of 411 square feet, with 0 bedrooms and 1 bathrooms and was built in 1991. It was on the market for 315 days before being sold.

The most expensive property sold in January 2019 is a condo built in 2007, had 4 bedrooms, 5 bathrooms comprising 2,645 square feet and it was on the market for 291 days.

Telluride and Mountain Village Median Sold Price

Jan/2019 - Jan/2019

BDRM Single Family Home Condo
    $ Sold   $ Asking   % Diff   $ Sold   $ Asking   % Diff
0   -   -   -   $143K   $165K   0.87%
1   -   -   -   $537K   $559K   0.96%
2   -   -   -   $710K   $782K   0.91%
3   $1.68M   $1.74M   0.96%   $1.55M   $1.55M   -
4   -   -   -   $1.95M   $2.2M   0.89%
5   -   -   -   $1.45M   $1.6M   0.91%