Telluride360 Real Estate

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205 South Oak Residences - Unit A NOW COMPLETE

205 South Oak Residences, Unit A

Click for enlarged photo 5-Star location, 5-star home. This historic home built in 1896 has been stripped down to the studs and completely rebuilt. It's location is second-to-none with ski access to Gondola and Chair 8 just ~40 yards away. A masterpiece crafted by locally renowned architect, Tommy Hein Architects, and Finbro Construction. All of the bells and whistles on this one!

Essentials Price: $3,295,000 Type: Condo Area: Telluride Beds: 4 Baths: 4.5 Units: 3 Sq.Ft.: 2170 MLS #: 25693 Status: Active Contact Listing Broker: Ernie Graham Phone: 970.708.2500

Price Slashed AGAIN!!!!!

Open House Today!

Don't forget to stop by these great condos today when you are in the Mountain Village. If you aren't going to the Village, you should make a special trip!

Mountain Lodge Unit #3110 - $325,000

This charming 1bed/1bath unit is perfect for the pair who wants to relax and unwind in beautiful Telluride. Warm yourself up with not one, but two fireplaces in the living room and bedroom. Open the doors to your balcony and let the fresh mountain air in as you listen to the sounds of Prospect Creek. Breathtaking views of the San Sophia Ridge Line greet you as you walk into the unit. High-end appliances and stone flooring throughout complete the look of this wonderful Mountain Condo. Take s short stroll up to the Main Lodge and enjoy some food and wine at The View Wine Bar. When your family comes to town they can be close by and rent an Mountain Lodge Unit. After a long day on the slopes you can all hit the pool and hot tub together! At 2004 pricing this unit is a MUST SEE! (#25362)

Westermere Unit #212 - $795,000 - $795,000

This 2 bedroom/2 bathroom condo is offered fully furnished. 2 queens in one bedroom and 1 king in the other. Other amenities include full kitchen, steam shower, jacuzzi tub, and washer/dryer. A lovely layout and just steps to plaza and convention center. Walk to gondola, lift 4, village center, the Peaks, restaurants, bars, etc. Gondola to Town of Telluride and grocery store. French doors from living room to your patio balcony overlooking the ice skating pond with a view of ski mountain. (#23977)

Westermere #211 - Mountain Village - $1,075,000 New to market! One level 3 bedroom condo in the Mountain Village Core, consisting of 2 master suites, 3rd bedroom with lock-off capability and separate entrance. Walk to everything from this ultra convenient location and enjoy a protected view of Palmyra Peak and the Ski Resort, overlooking the ice skating pond. This condo has one of the largest decks in the complex and was recently updated with granite counter tops and new appliances in the kitchen. Deeded underground parking, large storage closet and two ski lockers are included in the purchase price. Comes fully and elegantly furnished. This one is priced sell! (#25529)

MV Condos Tour This Wednesday!

To see the full schedule please click the link provided:

Download MV Condos 12.9[1]

Major Resort Sales Activity Comparisons

MAJOR RESORT SALES ACTIVITY COMPARISONS

All Real Estate Sales Activity

The following table provides a summary of total real estate sales activity at major ski resorts. As shown, the average ski resort was down -40.9% in the number of sales and -41.5% in dollar volume from 2007 to 2008. Mid-year 2008 and 2009 comparisons show similar declines in the number and dollar volume of transactions of -40.4% and -44.8%, respectively.

Major Ski Resort Real Estate Sales Activity 2007 to 2008
Ski Resort	2007 Sales		2008 Sales		Percent Change
	#	$ Volume	#	$ Volume	#	$ Volume
Aspen, CO	1,041	$1,820,970,617	1,113	$917,730,430	6.9%	(49.6)%
Whistler, BC *	846	$768,745,877	516	$402,568,345	(39.0)%	(47.6)%
Park City, UT	2,306	$1,945,092,339	1,262	$1,009,129,420	(45.3)%	(48.1)%
Steamboat Springs, CO	1,725	$1,002,483,388	737	$455,194,195	(57.3)%	(54.6)%
Summit County, CO	2,463	$1,306,053,245	1,347	$811,698,523	(45.3)%	(37.9)%
Sun Valley, UT	653	$558,758,059	348	$292,522,605	(46.7)%	(47.6)%
Telluride, CO	355	$518,327,166	177	$224,755,960	(50.1)%	(56.6)%
Teton County, WY	599	$844,374,258	295	$528,895,587	(50.8)%	(37.4)%
Vail, CO	2,258	$2,641,306,700	1,337	$1,999,868,900	(40.8)%	(24.3)%
McCall, ID **	647	$187,910,590	406	$102,283,088	(37.2)%	(45.6)%
Grand County, CO	1,051	$387,022,178	698	$261,159,355	(33.6)%	(32.5)%
Total	13,944	$11,981,044,417	8,236	$7,005,806,408	(40.9)%	(41.5)%
Source: Rocky Mountain Real Estate Alliance, Sale Statistics and Aspen-Glenwood MLS. * Canadian Dollars; ** Undisclosed sales are reported at 95% of list price

Major Ski Resort Real Estate Sales Activity Mid-Year 2008 to Mid-Year 2009
Ski Resort	Mid-Year 2008 Sales		Mid-Year 2009 Sales		Percent Change
	#	$ Volume	#	$ Volume	#	$ Volume
Aspen, CO	973	$826,251,598	374	$349,866,519	(61.6)%	(57.7)%
Whistler, BC *	313	$254,110,175	221	$155,410,553	(29.4)%	(38.8)%
Park City, UT	675	$604,327,262	540	$446,469,760	(20.0)%	(26.1)%
Steamboat Springs, CO	462	$252,685,226	157	$73,689,381	(66.0)%	(70.8)%
Summit County, CO	657	$386,425,785	422	$256,619,521	(35.8)%	(33.6)%
Sun Valley, UT	187	$138,887,270	161	$108,399,729	(13.9)%	(22.0)%
Telluride, CO	102	$133,937,241	76	$73,455,936	(25.5)%	(45.2)%
Teton County, WY	166	$283,544,237	66	$129,390,956	(60.2)%	(54.4)%
Vail, CO	628	$908,841,000	414	$480,778,800	(34.1)%	(47.1)%
McCall, ID	148	$38,848,608	161	$56,039,754	8.8%	44.3%
Grand County, CO	422	$165,627,902	230	$74,949,164	(45.5)%	(54.7)%
Total	4,733	$3,993,486,304	2,822	$2,205,070,073	(40.4)%	(44.8)%
Source: Rocky Mountain Real Estate Alliance, Sale Statistics and Aspen-Glenwood MLS. * Canadian Dollars; ** Undisclosed sales are reported at 95% of list price

Single Family Sales Activity

The following table provides a summary of single family sales activity at major ski resorts. As shown, the average ski resort was down -46.4% in the number of sales and -46.0% in dollar volume from 2007 to 2008. Mid-year 2008 and 2009 comparisons show a similar average declines of -34.8% in the number of sales and -47.5% in the dollar volume of transactions. The Aspen-Glenwood Springs MLS posted slightly greater declines in YTD comparisons.

Major Ski Resort Single Family Sales Activity 2007 to 2008
Ski Resort	2007 Sales		2008 Sales		Percent Change
	#	$ Volume	#	$ Volume	#	$ Volume
Aspen, CO	238	$987,071,379	90	$595,315,119	(62.2)%	(39.7)%
Whistler, BC *	189	$295,081,409	99	$153,937,700	(47.6)%	(47.8)%
Park City, UT	782	$887,929,482	455	$467,456,702	(41.8)%	(47.4)%
Steamboat Springs, CO	425	$341,331,667	184	$178,019,520	(56.7)%	(47.8)%
Summit County, CO	943	$721,375,968	565	$458,366,241	(40.1)%	(36.5)%
Sun Valley, UT	278	$288,375,285	151	$143,322,140	(45.7)%	(50.3)%
Telluride, CO	79	$241,776,755	28	$90,966,500	(64.6)%	(62.4)%
Teton County, WY	244	$472,349,717	129	$295,685,249	(47.1)%	(37.4)%
Vail, CO	929	$1,371,203,800	434	$635,728,200	(53.3)%	(53.6)%
McCall, ID **	253	$97,962,455	187	$69,042,539	(26.1)%	(29.5)%
Grand County, CO	447	$222,405,454	254	$114,989,755	(43.2)%	(48.3)%
Total	4,807	$5,926,863,371	2,576	$3,202,829,665	(46.4)%	(46.0)%
Source: Rocky Mountain Real Estate Alliance, Sale Statistics and Aspen-Glenwood MLS. * Canadian Dollars; ** Undisclosed sales are reported at 95% of list price

Major Ski Resort Single Family Sales Activity Mid-Year 2008 to Mid-Year 2009
Ski Resort	Mid-Year 2008 Sales		Mid-Year 2009 Sales		Percent Change
	#	$ Volume	#	$ Volume	#	$ Volume
Aspen, CO	430	$504,826,867	225	$225,106,375	(47.7)%	(55.4)%
Whistler, BC *	53	$97,931,800	37	$51,167,000	(30.2)%	(47.8)%
Park City, UT	222	$250,799,623	186	$193,342,310	(16.2)%	(22.9)%
Steamboat Springs, CO	89	$83,462,623	34	$13,141,500	(61.8)%	(84.3)%
Summit County, CO	270	$221,088,758	157	$135,729,784	(41.9)%	(38.6)%
Sun Valley, UT	68	$63,220,810	57	$33,139,825	(16.2)%	(47.6)%
Telluride, CO	11	$51,445,000	9	$30,420,000	(18.2)%	(40.9)%
Teton County, WY	59	$124,311,249	29	$43,414,250	(50.8)%	(65.1)%
Vail, CO	209	$318,849,900	108	$152,776,100	(48.3)%	(52.1)%
McCall, ID	60	$20,880,780	100	$28,289,250	66.7%	35.5%
Grand County, CO	123	$57,446,516	97	$35,702,802	(21.1)%	(37.9)%
Total	1,594	$1,794,263,926	1,039	$942,229,196	(34.8)%	(47.5)%
Source: Rocky Mountain Real Estate Alliance, Sale Statistics and Aspen-Glenwood MLS. * Canadian Dollars; ** Undisclosed sales are reported at 95% of list price

Condominium Sales Activity

The following table provides a summary of condominium sales activity at major ski resorts. As shown, the average ski resort was down -38.9% in the number of sales and -24.2% in dollar volume from 2007 to 2008. Mid-year 2008 and 2009 comparisons show accelerated average declines of 62.4% in the number of sales and -68.1% in the dollar volume of transactions. The Aspen-Glenwood Springs MLS posted greater declines in both year-end and YTD comparisons.

Major Ski Resort Condominium Sales Activity 2007 to 2008
Ski Resort	2007 Sales		2008 Sales		Percent Change
	#	$ Volume	#	$ Volume	#	$ Volume
Aspen, CO	396	$523,222,347	178	$279,782,746	(55.1)%	(46.5)%
Whistler, BC *	562	$411,839,769	321	$217,612,675	(42.9)%	(47.2)%
Park City, UT	768	$674,488,409	476	$397,203,182	(38.0)%	(41.1)%
Steamboat Springs, CO	434	$176,613,035	153	$71,946,197	(64.7)%	(59.3)%
Summit County, CO	1,196	$459,522,950	647	$286,406,086	(45.9)%	(37.7)%
Sun Valley, UT	175	$148,928,320	111	$79,184,720	(36.6)%	(46.8)%
Telluride, CO	149	$171,239,700	68	$87,645,135	(54.4)%	(48.8)%
Teton County, WY	199	$155,286,843	101	$103,735,675	(49.2)%	(33.2)%
Vail, CO	965	$896,662,800	724	$1,167,102,900	(25.0)%	30.2%
McCall, ID **	45	$14,764,409	90	$9,008,400	100.0%	(39.0)%
Grand County, CO	355	$91,715,284	337	$123,498,580	(5.1)%	34.7%
Total	5,244	$3,724,283,866	3,206	$2,823,126,296	(38.9)%	(24.2)%
Source: Rocky Mountain Real Estate Alliance, Sale Statistics and Aspen-Glenwood MLS. * Canadian Dollars; ** Undisclosed sales are reported at 95% of list price

Major Ski Resort Condominium Sales Activity Mid-Year 2008 to Mid-Year 2009
Ski Resort	Mid-Year 2008 Sales		Mid-Year 2009 Sales		Percent Change
	#	$ Volume	#	$ Volume	#	$ Volume
Aspen, CO	196	$152,160,837	48	$45,033,551	(75.5)%	(70.4)%
Whistler, BC *	199	$139,333,775	101	$56,549,283	(49.2)%	(59.4)%
Park City, UT	275	$260,234,489	134	$85,285,546	(51.3)%	(67.2)%
Steamboat Springs, CO	101	$46,211,530	44	$21,046,519	(56.4)%	(54.5)%
Summit County, CO	311	$123,309,722	113	$40,646,073	(63.7)%	(67.0)%
Sun Valley, UT	53	$41,554,470	44	$32,993,730	(17.0)%	(20.6)%
Telluride, CO	39	$52,965,679	16	$15,909,337	(59.0)%	(70.0)%
Teton County, WY	65	$63,605,125	9	$7,262,450	(86.2)%	(88.6)%
Vail, CO	323	$478,970,900	117	$146,058,900	(63.8)%	(69.5)%
McCall, ID	15	$4,392,990	17	$2,219,750	13.3%	(49.5)%
Grand County, CO	246	$96,628,236	43	$12,897,512	(82.5)%	(86.7)%
Total	1,823	$1,459,367,753	686	$465,902,651	(62.4)%	(68.1)%
Source: Rocky Mountain Real Estate Alliance, Sale Statistics and Aspen-Glenwood MLS. * Canadian Dollars; ** Undisclosed sales are reported at 95% of list price

THIS IS A GREAT DEAL!!!!!!!!

Trends in The Telluride Market

Clink on the link below which represents the trends in our markets from 2006 to present, and are compared 3rd quarter to 3rd quarter for each year. There is also one for all of the resorts. This graph combines the numbers for each resort and then shows the trend for the western resorts.

Download CombineComparitives11_16_09[1]

Market Update October 2009

To read the full report please click the link below:

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