Telluride Real Estate with Mick Varner and Telluride Realty

It is true folks. Telluride is one of those unusual places which maintains its value...often in contrast to market trends in other locations throughout the United States. Historically, Telluride`s dollar sales volume and accompanying appreciation in all segments of its market consistently show advances. Increasing value, normally, is our byword. The past few years, however, reflect our national real estate downturn.
Think discounts!

This continues, year after year. One obvious reason is, when visitors first arrive, they have a reaction to Telluride similar to my first day here: “this is one of THE most breathtaking places I have ever seen in my life.” Many of the citizens who came here in the 70`s and 80`s who did not buy a stake here, when they now return invariably say, “I wish I had bought back then…now look at the values here.”

Telluride`s real estate market is very limited with supply…another factor which drives values upwards, yearly. We now have a growing, maturing audience of interested buyers for the shrinking inventory of developable opportunities in our region. Our built home and condo market has matured as well…in aesthetic and technical quality…and in value.

In the first months of 2008 more than 20 sales of over $3 million have occurred in our market, including a $14 million buy of a home and adjacent lot in Mountain Village. A Telluride home sold for $4.2 million, a Telluride condo for $3.15 million. 2008 and 2009 mirrored the overall U.S. economy in it`s downturn. However, 2010 showed far more, healthier sales action as is 2011, to date....though most all of our action is on substantially discounted properties.

Activity is continuing to increase this season. Come visit…come see… find a place you like.