Year End Market Update

February 16th, 2010

The Telluride real estate market place experienced its fourth consecutive month with an increase in sales over the prior year. A dollar volume in January of $24.6 million exceeded that of January 2009 by 55%. Fourth quarter sales of 2009 increased 231% over that same quarter of 2008 producing $114.9 million in dollar volume of transactions.

According to MLS statistics, the Mountain Village and Town of Telluride produced 120 closings and contracts since October 1, 2008. Thirty-five of those transacted exceeded $1,000,000 and sixteen sales transacted above $2,000,000. On the very upper end, the Town of Telluride experienced a $4,100,000 closing and the Telluride Mountain Village a $10,100,000 sale. Of particular note, two properties with asking prices of $15,000,000 and $6,500,000 are currently under contract.

While we do not anticipate a boom cycle on the near horizon, this data seems to indicate a strong renewed interest in investment in the Telluride lifestyle with its limited, high quality inventory. The catalyst for stronger sales has been a willingness by some sellers to accept price levels 20-30% below the market highs of 2007. Those sellers are not necessarily in “must sell” situations, but are often times seeking liquidity for alternative investments. Investors are gravitating to discounted “Grade A” properties and seem to be avoiding a limited number of problematic foreclosure and short sale scenarios.

With the velocity of sales increasing, it is likely that a “bottom” has been reached and sellers will over time resist these deeper discounts and the market will respond with gentle appreciation. Those sellers who have held firm with price structure must remain patient, but oddly have contributed to “setting the bottom” and will influence the rise in future values. Premium properties at significantly higher pricing will likely lead the market to a gentle appreciation cycle. With eleven homes recently sold and/or contracted at $800 PSF – $1,000 PSF, this cycle could be in motion.

We look forward to speaking with you.

Regards,

TD Smith and Chris Sommers

Custom Log Home on 42 Acres on the River, 12 minutes from Telluride

February 16th, 2010

A Classic Colorado Setting – - A Cozy And Comfortable 5,500 + Sf Log Home On 41.8 Private Acres With The South Fork Of The San Miguel River At Its Door Step. Only 20 Minutes From Historic Telluride And 12 Minutes From The Telluride Mountain Village – Ski In The Winter, Golf In The Summer And Fly Fish Year Round. Rv Pad With Hookup. Reverse Osmosis System, Three wood burning fireplaces, Wired For Outdoor Hot Tub And Wired & Ducted For Air.

Colorado riverfront Property

Property Information:

Price: $2,995,000

Category: Acreage, Horses allowed, Mountain, Riverfront property, View
Heat: Radiant in-floor heat
Floor: Hardwood
Exterior: Log

Contact TD Smith in Telluride to set up an appointment to view this one of a kind Colorado real estate offering.

New Listing: 225 West Gregory- Downtown Telluride

January 27th, 2010

225 West Gregory Avenue, Telluride Colorado

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With uncompromising attention to detail throughout, this unique property combines customized and luxurious elements to satisfy the most discerning owner. Impeccable mill work, hand distressed hickory wood flooring, custom furnishings, walker-Zanger and Ann sachs finishes are but a few of the extraordinary aspects of this residence. each master suite possesses intimate seating areas with outdoor heated terraces.

Master baths feature steam-showers, jetted tubs and white marbles. A spacious living and dining area naturally extends to exterior patios offering a unique venue for après ski and summer entertaining. the lower level, dedicated to entertainment, includes a custom theatre room, wet bar, powder room and wine cellar that connects to a quaint one bedroom guest cottage.

Offered At $4,200,000

Property Details:

Exterior

• Cedar shake roof with snow melt gutter system

• Clap board siding in French linen with detailed white trim

• Custom white metal and mahogany railings

• Outdoor living and a dining area with fireplace, and granite barbeque

• Spacious heated balconies from both master suites with great views and sun

• Fully landscaped with irrigation system

• Heated driveway, main walkways to both the main house and guest house

Interior- Main House

Three Bedrooms/ Three full baths and two powder rooms

• Custom furnishings

• Custom millwork through-out with furniture finish on all surfaces

• Hard distressed hickory floors with pecan finish

• 100% wool carpet in Camel

• Granite kitchen counter and bar top with Ann Sachs “Cashmere” glass backsplash

• Appliances- Subzero, Wolf and Asko

• Antique glazed Terra Cotta tile, wine cellar, hall, powderoom and mud room from Walker Zanger

• Bathrooms in Carrera and Thasos white marble with hand crafted European slab marble sinks

• Fixtures- Kohler, Toto, Mr. Steams polished nickel fixtures

Great views, sun and light through-out!, 3,796 SF total in both units

Upper Level

Master Suite #1

• Bath with jetted tub & steam shower

• Wardrobe closet

• Spacious bedroom with fireplace

• Outdoor heated balcony

Master Suite #2

• Bath with steam shower and oversized closet

• Wardrobe closet

• Bedroom with window seat

• Outdoor heated balcony

3rd Bedroom Suite

• Bath with tub/shower

• Bunk room/ bedroom with trundle, window seat and floor to ceiling built-in wardrobe and media cabinetry

• Laundry with “hand wash” jetted sink

Main Level

• Entry Foyer with large closet

• Great Room with fireplace, dining and kitchen

• Powder room

• Mudroom

• Heated garage and boiler system

Lower Level Entertainment

• Custom theater room with bar lounge area

• Powder room

• Wine cellar

• Custom 3 story staircase which connects to main floor of guest cottage

Guest Cottage One bedroom/one bath

(With private entrance as well as connection to main residence through wine cellar staircase)

Main level

• Sitting room with fireplace, wet bar and dressing closet

Upper Level

•Bedroom with all white 3/4 bath

225_gregory_theater

Luxury with a Conscience – Smart Home for Sale in Telluride

January 25th, 2010

Presenting 369 East Galena – Lot 2, Block 37.

sensitive watercolor 11-06

A rare find in a “new” neighborhood of only 3+ estate lots, this impressive building parcel sits high on the sunnyside of Galena avenue at alder street. Bathed in all day sunshine with surrounding views of Bear creek, ajax, ingram Falls and ski resort, with easy access, this utility served lot is the equivalent of three historic telluride lots equaling 7,655 sF. two building benches allow for stepping of a future compound skyward with views at all levels. avoid the challenges of a prolonged governmental approval pro- cess for a residence of this size.

Price includes detailed plans and specifications by tommy hein architects, for a main house and guest house totaling 6,639 sF for those discerning buyers seeking a larger telluride home. time is Money ~ Buyers will save 2 years in the design/approval processes and have the ability to customize an interior of 7 bedrooms with family room, wine room, theatre, two car garage and massive exterior terrace. additionally, the design embraces green building attributes ~ recycled and innovative uses of sustainable materials, earth roof and active & passive solar design.

For more information , visit this link: Smart Home for sale in Telluride.

Offered by TD Smith.

the sensitive house SOLAR

TELLURIDE DELIVERS OVER A FOOT OF SNOW TO RING IN NEW YEAR

December 31st, 2009

Media Contacts:

Maryhelyn Kirwan (970) 728-7404

Tom Watkinson (970) 728-7409

Photo Attached by Casey Day

TELLURIDE DELIVERS OVER A FOOT OF SNOW TO RING IN NEW YEAR

TELLURIDE, Colo. (Dec. 31, 2009) –Skiers and riders in Telluride celebrated New Year’s Eve Day with more snowfall than any major resort in Colorado.  Over 17 inches of powder has fallen on the ski resort in the last 48 hours, with 9 inches in the last 24 hours. Telluride Ski Resort base now boasts a whopping 49 inch base. With a bluebird day at hand, both locals and guests alike are in for a spectacular day.

“What a great way to ring in the New Year,” said Dave Riley, CEO of the resort. “Our holiday guests are ringing in 2010 with fresh tracks and face shots!”

Winter enthusiasts wanting to plan a ski getaway without breaking the bank can take advantage of Telluride’s affordable vacation packages.

Stay & Ski 4th Night FREE

Enjoy the fourth night free when you stay with Telluride Resort Lodging. Telluride Resort Lodging offers cozy studios to luxury six bedroom private homes in both Telluride and Mountain Village. Many properties are ski in/ski out and all are conveniently located near shopping, dining and entertainment.

*Based on availability, some restrictions may apply.

Kids Ski FREE This Season

Book any 5 night/4 day accommodation and adult lift ticket package with Telluride Resort Lodging and the kids ski free.

*New reservations only, some restrictions apply. One free child lift ticket per purchased comparable adult lift ticket.

Surrounded by the highest concentration of fourteen thousand foot peaks in North America, Telluride offers a winter experience that is unmatched in North America.

Call 1.800.778.8581 for details and reservations. For information on snow conditions, visit www.tellurideskiresort.com.

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Neil Armstrong Named Guest of Honor for Telluride Regional Airport

December 4th, 2009
Neil Armstrong Named Guest of Honor for Telluride Regional Airport (TEX) Re-Opening Events

TELLURIDE, Colo., Dec. 3 /PRNewswire/ — Officials at the Telluride Regional Airport (TEX) will soon be celebrating a grand re-opening following the completion of a $22 million runway renovation project. TEX officials are proud to announce that astronaut and Telluride homeowner Neil Armstrong will serve as the guest of honor at the re-opening events on Thursday, Dec. 17.

“We are incredibly honored that Neil Armstrong and his wife, Carol, will be joining us for the re-opening of TEX,” said Scott McQuade, CEO of the Telluride Tourism Board. “His visibility and commitment to the Telluride community have become an invaluable asset as we strive to elevate the area’s year round tourism product and reputation,” continued McQuade.

Armstrong has long enjoyed a second home in Telluride and maintains strong ties and friendships in the Telluride community, flying into TEX several times each year. He has also been a strong supporter of community events, including the Telluride Tech Festival.

The Telluride Regional Airport sits atop Deep Creek Mesa and is North America’s highest commercial airport. At 9,070 feet above sea level, the airport offers picturesque views of the San Juan Mountains. The December 17 event will celebrate the completion of Phase II of the airport’s reconstruction–a modernization project that included the removal of the existing runway, reducing grades, widening safety areas, extending the length of the runway and adding all new runway lighting. Offering both commercial and general aviation pilots a much smoother landing, the runway now meets FAA standards. Phase III of the reconstruction will begin in 2010 and will widen the remaining safety areas and add an engineered material arresting system (EMASS).

Armstrong will officially re-open the airport when he steps from the plane onto the tarmac to cut the ceremonial ribbon. A short press conference will follow, along with media tours of the new runway. A private, invitation-only cocktail reception will also take place that evening.

For more information on the town of Telluride, visit www.visittelluride.com. For downloadable photos of TEX, visit www.tellurideairport.com.

SOURCE Telluride Tourism Board

Telluride, Colorado to Host World Cup Event

October 28th, 2009

PARK CITY, UT — Colorado’s Telluride Resort will be the new home of international snowboarding competition in the U.S. as the 2010 Visa U.S. Snowboardcross Cup hits the Rocky Mountains Dec. 17-20. Telluride will be the sole U.S. stop of the LG FIS Snowboard World Cup and will feature an SBX and PGS competition during what will be the second in a series of five Olympic qualification events for the two sports. “It’s very exciting to be able to bring an event of this scale to a resort as great as Telluride where the enthusiasm and drive to make this World Cup a success is so strong,” said USSA Vice President of Events Calum Clark. “It’s been a really exciting process to go work with Telluride. It’s more than a resort wanting an event. It’s a community taking on an event as a part of their program.” In its debut as a host to an elite level snowboarding competition, Telluride is excited to forge a long lasting relationship with the snowboarding World Cup event community as well as kick things off on the cusp of the Olympic year with a first-class event. “We’re thrilled to bring the World Cup to Telluride,” said Telluride Ski & Golf CEO Dave Riley. “Following the great success last season with the U.S. team training, we’re ready to have the national and international snowboard communities focused on Telluride in the run-up to the Olympics. Our entire destination has come together to make this event happen, and we look forward to becoming a regular stop on the World Cup tour.” “The Telluride Ski Area and the towns of Mountain Village and Telluride are excited to be hosting the upcoming Snowboard World Cup beginning on December 17, 2009,” added Frank Bell, Co-Chair of the Organizing Committee. “These challenging and crowd pleasing events, which will be the Telluride area’s first World Cup competition, will showcase things to come at the Vancouver Olympics in February of 2010. We hope the world will join us either in person or through the media coverage in introducing the best snowboarders in the world to the great terrain, spectacular mountain setting, and two great ski towns that embrace the 2009 Snowboard World Cup.” The idea to have Telluride host the World Cup was sparked by an early season snowboardcross camp held there last season. “The athletes and the coaches came out of that camp blown away with the level of service they received. It was like an event,” Clark said. “Telluride took the spark of having the U.S. athletes there and thought, ‘We could really make something of this.’” According to U.S. Snowboarding Head Coach Peter Foley, Telluride Resort will make a perfect home in the west for an early-season World Cup stop. “We are very excited to be having our World Cup at Telluride. The hill they have is so good and the snowmaking system is perfect for that time of year. No place in the world can get those kinds of courses done at that time of year,” Foley said. “We almost hate to share it with the rest of the world, but I think everyone is going to be amazed at the level of quality. I think it’s going to be one of the, if not the best World Cup of the year and we’re going to be able to do it before Christmas.” The heat will be on in the snowboardcross as heats of four athletes race through rollers, jumps and bank turns in an attempt to be the last man standing. The pressure will be on the U.S. Snowboarding’s men’s SBX roster as Olympic champion Seth Wescott (Sugarloaf, ME), five-time X Games gold medalist Nate Holland (Squaw Valley, CA), World Championship bronze medalist Nick Baumgartner (Iron River, MI),World Cup winner Graham Watanabe (Sun Valley, ID), World Cup podium performer Jonathan Cheever (Saugus, MA) Olympic halfpipe gold medalist Ross Powers (Londonderry, VT), snowboarding legend Shaun Palmer (South Lake Tahoe, CA) and the rest of the domestic riders battle it out to solidify their spot in the up to four spots open on the men’s Olympic team. Olympic silver medalist Lindsey Jacobellis (Stratton Mountain, VT) will also be on hand looking to dominate the women’s field. Parallel giant slalom athletes will also be in the hunt for their Olympic team nominations. Michelle Gorgone (Boston), who took to the podium of two World Cups last season, will be aiming to take the stand again in the U.S. On the men’s side Tyler Jewell (Steamboat Springs, CO) will be back in the race after an injury kept him from competition last season. Joining him will be Adam Smith (Bend, OR) who finished second in a World Cup last season. Capping things off in Telluride will be a team SBX exhibition competition. Team SBX pairs two riders from the same country on a team. One races the course against three to five other competitors and when that competitor crosses the finish line, the gate at the start triggers for the next teammate to begin racing. “The World Cup at Telluride will be filled with intense competitions, and the setting provided by the resort provides us with the perfect opportunity to showcase the sport in the U.S. before it hits the world’s stage at the 2010 Olympics in Vancouver,” Clark said. The Visa U.S. Snowboardcross Cup Schedule: – Thursday, December 17 – PGS qualifications and finals – Friday, December 18 – SBX qualifications – Saturday, December 19 – SBX finals – Sunday, December 20 – Team SBX Content courtesy of: U.S. Snowboarding

The Peaks Resort in Telluride, Colorado Named A Top 10 Best Snow Resort

October 21st, 2009

 

FOR IMMEDIATE RELEASE

 

 The Peaks Resort Named A Top 10 Best Snow Resort

Acclaimed family publication, Parents magazine, names countrys leading winter resorts 

 October  21 , 2009 (Telluride, CO) Americas number one family magazine, Parents, revealed the findings from their first-ever 10 Best Snow Resorts For Families survey.   On the newsstands in November, the survey findings boast the best resorts for winter vacation locales across the United States. Considered to be one of the leading affordable, snow covered and family friendly, The Peaks Resort joined the ranks of other notable resorts including: the Tripp Family Lodge (Stowe, VT); Resort at Squaw Creek (Lake Tahoe, CA); or The Lodge at Suncadia (Cle Elum, WA). For a complete listing of the resorts, visit parents.com/snowresorts

 

At Parents we know that a winter vacation is a real treat, but tight budgets and the challenge of finding a kid-friendly destination can make planning a trip tricky, said Dana Points, editor-in-chief of Parents. The ten affordable resorts on our list have thought of absolutely everything families could want while on vacation. Whether youre interested in skiing or smore-making, an ice rink or a heated pool, there is something for everyone at Parents top picks.

Indeed, The Peaks Resort offers winter wonderland activities for families of all ages and interests. Located mid-mountain on the Telluride Ski Resort and in the Mountain Village, the resorts aprs ski and snowboard oasis, the resort includes smores by the fire, a thrilling waterslide into the year round indoor / outdoor swimming pool and even an indoor rock climbing wall. And, out the resorts front door awaits ice skating and dog sledding, sleigh and horseback rides and Colorados only heli-skiing operation. 

 

A fact not overlooked by Parents, each resort on the list offers their family friendly activities and amenities at rates starting at less than $250. To be one of the premiere winter and family vacation resorts in the country, as recognized by such a reputable, family-oriented publication, is a considerable honor, said Noel Vanlandingham, The Peaks Resort general manager. Time and time again individuals and families return to visit us, no matter the season, because of our commitment to the guest experience and making their vacation as enjoyable as possible.

 

 About The Peaks Resort & Golden Door Spa

The Peaks Resort & Golden Door Spa is Tellurides premiere full-service resort hotel. The property includes 149-beautifully appointed guest rooms including 32 suites, as well as 14-penthouse condominiums and 34-three, four and five bedroom mountainside cabins all with astounding mountain views. The resort offers slopeside access in the winter and is the home to the Pro Shop for the Telluride Golf Resort championship course. On site dining includes the Great Room, Appaloosa Steak House, The Lift Caf, Legends, Deep End Grill located on the pool deck, as well as in-room private dining.

The on site Golden Door Spa, at 42,000 sq. ft., is the largest spa in Colorado. The Spa features 32 treatment rooms and a variety of Signature Golden Door Spa treatments. The Spa also encompasses a full service salon, fully-equipped fitness center including Pilates and yoga studios, certified fitness instructors providing a variety of private and group classes, three-lane lap pool with Telluride’s only indoor water slide, indoor climbing wall, gender specific steam rooms, saunas and Roman tubs, and indoor-outdoorheated pool and hot tubs. www.thepeaksresort.com 

 

About Parents

Parents, published monthly by Meredith Corporation, has been America’s #1 family magazine for more than 80 years. Since its inception in 1926, it has been a trusted source by every generation of parents. Currently, the magazine is a powerful community of nearly 16 million readers devoted to supporting the efforts of parents, educators and other citizens who strive to make the world a better place for our children. Parents can be found online at www.parents.com.

Winter Bookings are considerably up for the Telluride Ski Season

October 16th, 2009

“Winter bookings are considerably up from this time last year” says Chris Esch from Telluride Alpine Lodging.  “With the winter season rapidly approaching and snow all ready on the ski slopes we have had an increase in reservation requests for the upcoming ski season”.  “In addition, the Farmer’s Almanac is predicting an above average snow level for the San Juan Mountains this winter which hopefully brings more visitors to our area”

Seeking Telluride Real Estate Bargains? Try Looking at the High End

September 24th, 2009

Great article from the Wall Street Journal:

http://online.wsj.com/article/SB10001424052970204488304574429311693264646.html?mod=googlenews_wsj