Check out the condo market in Telluride, CO 81435 (July 4, 2023)
Check out the market in Telluride, CO 81435
THIS WEEK'S TELLURIDE REAL ESTATE MARKET SENTIMENT! This week the median list price for Telluride, CO 81435 is $1,985,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has increased to 46.
Telluride Real Estate: Market Action Index
This answers “How’s the Market?” by comparing the rate of sales versus inventory.
Slight Buyer's Advantage
Telluride inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Telluride buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Telluride Real Estate: Median List Price
The market for Telluride continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
Telluride Real Estate: Average Days on Market (DOM)
Telluride Real Estate: Median Days on Market
Telluride Real Estate: Price Per Square Foot
In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the Telluride market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
Telluride Real Estate: Properties with Price Decrease
Telluride Real Estate: Properties with Price Increase
Telluride Real Estate: Relisted
Telluride Real Estate: Inventory
Telluride Real Estate: Market Action Index
Telluride inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Telluride buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Telluride Real Estate: Market Segments
Each segment below represents approximately 25% of the market ordered by price.
Download our free Telluride Market Report by clicking here or on the photo below and get up-to-date information on current trends and projections!
Bottomline
Are you looking to invest in Telluride this July 2023? Be sure to check with Anne-Britt of Mountain Rose Realty. With her expertise and knowledge about the local market, she can help you find the perfect property for your needs - whether it’s a vacation home or an investment that will increase in value long term! Don't wait any longer; contact Anne-Britt today and get started on finding your dream home in beautiful Telluride, Colorado!
Frequently Asked Questions
- What was the median list price for Telluride, CO in early July 2023?
- The median list price for Telluride, CO 81435 was $1,985,000 during the week of July 4, 2023.
- What does Telluride's Market Action Index tell us about buyer and seller conditions?
- Telluride's Market Action Index of 29 (up from 28 the previous month) indicates a slight buyer's advantage, meaning there is more inventory relative to the rate of sales. This buyer-favorable condition exists despite rising prices, though these price gains are considered fragile if the market cools further.
- How much inventory was available in Telluride in July 2023?
- Inventory in Telluride had increased to 46 properties as of early July 2023.
- Why is price per square foot staying flat even though list prices are rising in Telluride?
- Price per square foot remains essentially flat because new homes entering the Telluride market are typically both pricier and larger than older homes, so overall buyer value remains consistent despite higher median prices.