Market Overview

As we enter into 2009 Telluride remains beautiful and unique in North America. The restructuring of our systems is impacting all areas in varying degrees. How this unprecedented change translates to Telluride real estate remains to be seen.

In 2008 we saw a drop in the number of sales while sales prices in general remained stable. There are those sellers, who now wish to sell in the first quarter, who have reduced pricing. Given a large portion of our market is held debt free several sellers are comfortable in waiting. There are currently a handful of very motivated sellers. There were two foreclosure sales in San Miguel County and one sale discounted thirty per cent. We may see sales sold for as much as approximately 12% to 20% off the listed price. In 2007 sales prices were sold in range closer to 4% to 7% of listed price on average. The motivation of sellers and actual sales will tell us as we move forward.

I believe real estate in Telluride will prove to be an excellent holding, especially during this change, as it is tangible, is enjoyable to own and is in an “A” location. Prime ski resort properties have held their value better than most markets, outperforming most locations in the country, with far fewer foreclosures.

Investing in real estate in the Telluride region provides an opportunity to live your dream, enhance your quality of life and enjoy nature in a safe, pristine environment. Current pricing and motivation of sellers may provide a purchaser with perhaps the best opportunity to acquire real estate in this region that we have seen in quite some time.

HISTORICAL GRAPHS AND CHARTS

In addition to these charts you may go to www.telluriderealtors.com for additional statistics