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.
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| 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% |