What was the median sales price for single-family homes in Telluride in February 2023?

The median sales price for single-family luxury homes in Telluride during February 2023 was $5,912,500, with homes selling for an average of 97.66% of their list prices.

Was February 2023 a buyer's or seller's market in Telluride?

February 2023 was a buyer's market for single-family homes (5% sales ratio) but a seller's market for attached homes (33% sales ratio), reflecting different conditions across Telluride's luxury segments.

How many days did single-family homes spend on the market in Telluride in February 2023?

Single-family homes averaged 71 days on the market in February 2023, a significant improvement compared to 105 days in February 2022.

What price range saw the most activity in Telluride's single-family market in February 2023?

The $7 million price range was particularly active in February 2023, with 50% of listings in that range having been purchased.

What was the median sale price for attached homes in Telluride in February 2023?

Attached luxury homes in Telluride had a median sale price of approximately $1,925,000 in February 2023, with particularly strong activity in the $800,000–$899,999 price band.

Telluride Market Summary February 2023

By Anne-Britt OstlundMarch 23, 20231 min read

Real Estate Market Updates

With February 2023 fast approaching, now is the perfect time to explore Telluride's thriving single family housing market.

February 2023 saw a Buyer's Market in Telluride's single-family luxury sector, with the Sales Ratio at 5%. The median sales price for these homes was $5,912,500 and sold for 97.66% of their list prices after 71 days on the market—down from 105 days in February 2022. Particularly active was the range around $7 million where 50% of listings had been purchased.

The Telluride Real Estate Scene is Booming: Attached Homes as of February 2023

February 2023 was a seller's dream in Telluride with the attached luxury market boasting an impressive 33% sales ratio. Homes sold for close to their listed prices, averaging at 96.17%. A staggering 133% of homes were purchased within the $800,000-$899,999 price band and had a median sale price of around $1,925,000. Although those numbers are quite remarkable, it still took 69 days on average from listing to closing up from 65 days in February 2022.

If you're looking to buy or sell a luxury home in Telluride, Mountain Rose Realty and its head consultant Anne-Britt are the perfect professionals for the job. With her decades of experience providing real estate services in Telluride, Anne-Britt is the ideal person to guide you through the process. Mountain Rose Realty has a proven track record of success with even the toughest deals on luxury properties. So when it comes to finding your dream home or selling your property quickly and efficiently, trust Mountain Rose Realty and Anne-Britt – they won't disappoint! Contact Mountain Rose Realty today to get started!

Frequently Asked Questions

What was the median sales price for single-family homes in Telluride in February 2023?: The median sales price for single-family luxury homes in Telluride during February 2023 was $5,912,500, with homes selling for an average of 97.66% of their list prices.
Was February 2023 a buyer's or seller's market in Telluride?: February 2023 was a buyer's market for single-family homes (5% sales ratio) but a seller's market for attached homes (33% sales ratio), reflecting different conditions across Telluride's luxury segments.
How many days did single-family homes spend on the market in Telluride in February 2023?: Single-family homes averaged 71 days on the market in February 2023, a significant improvement compared to 105 days in February 2022.
What price range saw the most activity in Telluride's single-family market in February 2023?: The $7 million price range was particularly active in February 2023, with 50% of listings in that range having been purchased.
What was the median sale price for attached homes in Telluride in February 2023?: Attached luxury homes in Telluride had a median sale price of approximately $1,925,000 in February 2023, with particularly strong activity in the $800,000–$899,999 price band.