Posts Tagged ‘telluride real estate’

Telluride—Endless Adventure in the Southwest Corner of Colorado

Wednesday, March 23rd, 2011

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A picturesque Victorian town set against dramatic backdrops, Telluride is home to a world-class ski resort and a wealth of activities that are alluring to skiers and non-skiers alike. Nestled deep in a box canyon in the San Juan Mountains, the town connects by way of a free high-speed gondola to neighboring Mountain Village, which is comprised of the ski mountain and many upscale amenities. Achieving the highest overall score for a ski resort by Condé Nast Traveler in 2010, Telluride provides residents and visitors with a serene, stunning escape and an endless adventure in the southwest corner of Colorado.

The pristinely preserved Western town, dwarfed by 13,000-foot peaks and Bridal Veil Falls, Colorado’s tallest free-falling waterfall, retains its old-west charm paired with sophisticated dining, shopping, and cultural opportunities. Originally a mining town until the ski resort was built in 1972, Telluride remains chain-store free and is listed as a National Historic Landmark. From elegant multi-starred restaurants to rustic bakeries and pizzerias, Telluride and Mountain Village will satisfy the most discerning appetite.  Wandering through the historic town or cobblestone plazas of Mountain Village, one can browse through the many shops that offer wilderness gear, fine art and jewelry, clothing boutiques for the city and country dweller, and many one-of-kind emporiums including stores devoted entirely to cashmere or fine leathers. Nightlife seekers can catch live music at the Fly Me to the Moon Saloon, view a film at the historic Nugget Theatre, share wine at the upscale New Sheridan Hotel’s historic bar, or just sink into an oversized sofa by the fire in the modern Peaks Resort and Spa in Mountain Village.

In addition to its stellar skiing terrain—from long winding groomers to steep mogul runs and untouched powder—Telluride offers winter and off-ski-season activities for all outdoor enthusiasts. From dog sledding, ice-skating in Town Park, helicopter skiing, cross-country skiing, snowshoeing, those seeking traditional skiing alternatives will not be idle. When the snow melts, breathtaking hikes, adventurous mountain-biking, rafting, boating, and fly-fishing on the San Miguel River all await.

Also in the summer, Telluride plays host to a number of outdoor concerts and celebrated annual festivals including: the world-renowned Telluride Film FestivalBluegrass FestivalTelluride Wine FestivalJazz Celebration, and even a Mushroom Festival, among many more. The Ah Hana School for the Arts also offers adult and youth short- and long-term workshops for individual exploration and development of creativity.

Because it is off the beaten track, Telluride’s remoteness contributes to its magic and discourages the crowds. Telluride and Mountain Village are truly unique, exciting, and wonderful sanctuaries.

2010 Market Recap: Telluride’s Market Continues to Show Signs of Recovery

Thursday, February 17th, 2011

Year end gross dollar sales in the Telluride Region during 2010 performed 20% above 2009. Sales of $317.6M paced at 92.5% of 2008 which was the partial year of sales production not negatively influenced by the current recession. Numbers of transactions increased 18% and the average price per incident remained stable indicating a stabilizing in value across all market categories.

Telluride real estate market stats update

According to statistics compiled by Telluride Consulting, a total of 103 sales transpired in the Town of Telluride representing total gross dollars of $107.2M. A total of 136 sales occurred in the Town of Mountain Village with gross dollars sales of $148.6M. The remainder of San Miguel County experienced 88 sales totaling $61.9M. The brightest segments of the market occurred with a 67% increase in gross dollar sales of Town of Telluride condominiums, a 55% increase in Mountain Village homes and a 126% increase in the Town of Telluride homes.

There are 15 pending transactions above $2,000,000, and, when coupled with those already closed above that dollar amount YTD, a total of 60 sales / contracts in 2010 is a very healthy increase over only 13 such sales in 2009.

Telluride Market Stats update

Telluride and Mountain Village Condo Sales

This data seems to indicate a strong renewed interest in investment in the Telluride lifestyle with its limited, high quality inventory. As mentioned in prior market updates, 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 the limited number of problematic foreclosure and short sale scenarios in the region.

With the gross dollar 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 significant higher pricing will likely lead the market into a slow, but steady appreciation cycle. With 14 homes and condominiums transacted YTD at an average price of $5,250,000 and with an average PSF of $859, this cycle is likely in motion, given that these sales represent nearly 23% of total sales volume.
We look forward to seeing you in Telluride.

Regards,

TD Smith and Chris Sommers

CHRISTIE’S GREAT ESTATES IS NOW CHRISTIE’S INTERNATIONAL REAL ESTATE

Thursday, February 17th, 2011

The change from Christie’s Great Estates creates clarity in the global market & strengthens the ties between Christie’s Art and Real Estate businesses

Telluride, Colorado (February 16, 2011) – Telluride Real Estate Corp. is proud to share that Christie’s has announced a corporate name change for its exclusive property brand Christie’s International Real Estate, formerly Christie’s Great Estates. The prime and super-prime sectors of the property market—where Christie’s International Real Estate (CIRE) operates exclusively—have a global clientele. The name change will instill in these consumers a more immediate grasp of the company’s mandate and clarify that Christie’s and its real estate arm are one and the same. “As the region’s exclusive Christie’s affiliate for the past 6 years, TREC couldn’t be more excited with this development,” states company President, TD Smith.

Christie’s International Real Estate is the only real estate network wholly owned by a market-leading fine art auction house. The network is uniquely positioned to follow the footprint of its parent company, Christie’s, into the growing markets of the Middle East, Russia, and China, as well as established economies across the world, most notably North and South America and Europe. The new name fu rther underscores that the values that distinguish Christie’s—commitment, expertise, integrity, discretion, and five-star customer service—are likewise embedded in the company’s luxury residential property specialists.

Telluride – the West’s “Prettiest Ski Town”

Tuesday, December 14th, 2010

Recent article published in Sunset Magazine calls Telluride the West’s “Prettiest Ski Town”.

Minocycline target=”_blank”>Read the full article here.

Kids Fly Free to Telluride

Monday, December 13th, 2010

Telluride and American Airlines are back with the ever popular Kids Fly Free Program this winter. American, Continental, Delta and United Airlines are also offering some of the most aggressive First Class fares in recent history, with rates as low as $632 to get to the slopes of Telluride.

Telluride boasts some of the best non-stop access of any destination ski resort, with daily direct flights from Chicago, Dallas, Houston, Phoenix, Denver, and now Atlanta, as well as direct flights from Newark and Los Angeles on the weekends.

From January 5 – February 16 and February 27 – March 10, 2011, kids ages 2-12 will fly free with an accompanying adult ticket on American Airlines flights into Telluride’s Montrose Regional Airport (MTJ). American offers direct flights into Montrose daily from Dallas and on Saturdays from Chicago, with connections from around the world. Tickets must be purchased 21 days in advance, with one child ticket per purchased adult ticket. Travel to the destination must occur Sunday – Wednesday, and from the destination Tuesday – Friday.

“The longstanding Kids Fly Free program has been a great success for American Airlines, and a great program for Telluride’s skiingfamilies,” said Matt Skinner, executive director of sales & marketing for Telluride Ski Resort.

In an extraordinary move, airlines have also cut first class fares into the Telluride Montrose airport to incredible rates. Continental’s first class seats from Houston are as a low as $638, and $898 from Newark. First class fares run from $676 on American out of Dallas, $678 on Delta’s daily from Atlanta, and $680 out of Chicago and $904 from L.A on United.

First Class travelers have a priority check-in line, priority security screening line, priority boarding, a bigger seat, free drinks and meals along with bonus frequent flier miles on the flight, depending on the airline. First class rates listed above are the base rate before taxes and will depend on seat availability and other restrictions.

“We’re absolutely thrilled that airlines are offering such attractive fares overall, and especially these extraordinary rates on first class,” said Scott Stewart, executive director of the Telluride Montrose Regional Air Organization. “Combined with Telluride’s large number of direct flights, it has never been easier for our guests to get to the slopes.”

Nestled in a box canyon in the San Juan Mountains of Southwest Colorado, Telluride’s stunning scenery is un deniably some of the most beautiful in the Rockies. Telluride effortlessly mingles urban sophistication, historic charm and mountain spirit with spectacular skiing andsnowboarding for all levels.

A NEW LIFT IN DELTA BOWL? MORE ON-MOUNTAIN RESTAURANTS?

Tuesday, November 23rd, 2010

“Telluride Vision 2025:” Telluride Ski Resort to Release a Draft Update of Its Master Plan

4Over the course of 2010, the Telluride Ski Resort has been seeking public opinion in conjunction with their “Telluride Vision 2025” update of the ski resort master development plan, as requested by the US Forest Service. Telski hopes to release a draft version of this update during the winter of 2011.

Several public meetings and two online surveys have taken place, and once the draft plan is in place, Telski plans to hold additional meetings and surveys to garner public feedback on the draft plan.

Thousands of people, both locally and around the world, fi lled out online and physical questionaires to give their opinions on the relative importance of these proposed changes and improvements.

One survey posed questions about such things as adding more lifts in locations such as Bald Mountain, Black Iron Bowl, and Palmyra Peak, adding numerous, smaller on-mountain restaurants, adding zip lines and more summer trails to the ski mountain, and adding more intermediate and gladed terrain.

Another survey dealt exclusively with the public’s opinion on adding a lift to an area known
as Delta Bowl, located in Bear Creek to the southeast of Revelation Bowl. According to Telski, the installation of this lift could be done via helicopter and existing roads, with minimal environmental impact.

To learn more, and to see the full results of the surveys, visit www.telluridevision2025.com

TELLURIDE GRAVITY WORKS

Tuesday, November 23rd, 2010

Telluride’s Newest Full-Service Mountain Sports Shop

2010-11-23_231842Telluride Gravity Works is a full-service mountain sports shop and climbing gym located in the heart of Telluride on the sunny side of Main Street. Telluride’s newest mountain sports shop will bring over fi fty different skiing, snowboarding and climbing brands to the community, representing the lifestyle and the sports that the owners and employees are so passionate about. Included are high-end ski and snowboard demos/rentals, along with tuning services, and a friendly door-to-door delivery and pick-up service, too. In the summers TGW will change over to a full-service cycling shop. Co-owner Jorn Reimann says, “More than just a shop, we are about the people of Telluride and making it an even better place to call home. I have known the majority of our staff for over 10 years and they embody what it means to be a Telluride local.” The owners hope that this shop will become a community center and meeting place. TGW also has a program called “1% for Telluride” and they hope to give back to local non-profi ts through this program. Reimann concludes, “The best way to see what we are all about at Gravity Works? Come on down to feel and see it for yourself! We will be open on Thanksgiving Day.”

Co-owner Jorn Reimann says, “More than just a shop, we are about the people of Telluride and making it an even better place to call home. I have known the majority of our staff for over 10 years and they embody what it means to be a Telluride local.” The owners hope that this shop will become a community center and meeting place. TGW also has a program called “1% for Telluride” and they hope to give back to local non-profi ts through this program. Reimann concludes, “The best way to see what we are all about at Gravity Works? Come on down to feel and see it for yourself! We will be open on Thanksgiving Day.”

TD Smith blog reviewed

Friday, October 15th, 2010

We were happy to have our Blog reviewed recently by Lender411.com. Click the link below to read the review:

August Update

Monday, August 16th, 2010

Friends of Telluride ~

We hope you all have been enjoying your summer.  The Telluride Real Estate marketplace has experienced a bit of a rebound in the first half of 2010.  Year to date, gross dollar sales have increased 89% over that same period in 2009.  Numbers of regional transactions also increased at the rate of 45%.  Currently, dollar volume of sales are 55% of sales achieved in 2007, our last good real estate year pre-recession.  This represents an increase of 26% when one compares 2009 sales to 2007.  Sales in the region appear to be tracking better than those in Aspen where that resort’s sales have increased 22% during the same time period.

A total of 51 sales transpired in the Town of Telluride representing total gross dollars of $54.9M YTD.  A total of 72 sales occurred in the Town of Mountain Village with gross dollars of $94.6M.  The remainder of San Miguel County experienced 38 sales totaling $39.7M.  It appears as though the upper end of the market is garnering considerable interest.  There have been a total of 29 sales in the Telluride region above $2M with 15 sales above $4M and three transactions between $8M – $10.1M YTD.  Another Mountain Village home with an asking price of $10.5M is currently under contract.  These high end sales show a dramatic improvement as during the same period in 2009, there were only 13 sales above $2M.

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 12 homes transacted in the past 120 days at $800 PSF – $1,075 PSF, this cycle is likely in motion.

W e look forward to seeing you in Telluride.

Best,

TD Smith and Chris Sommers

Nearly 3 Feet of Powder Falls in Telluride in 7 Days!

Wednesday, February 24th, 2010

Telluride Ski Resort exceeded the 200″ inch snow mark yesterday morning, and conditions are unbelievable on the mountain.  Thirty three inches of light, fluffy powder have fallen over the last 7 days, with a total accumulation of 205″ (7 feet) for the season. Skiers and boarder found heaven this morning, with a 6 foot snow base and a bluebird morning. With sunny skies peaking their way through, Telluride is the perfect spring break destination.

“This was a great storm,” said Dave Riley, CEO of the resort. “Now 17 feet of snow has fallen at our resort, and we can boast a 6 foot base. With these great conditions and numerous March specials, book a vacation in Telluride today!”
Why only a 6 feet of base with 17 feet of total snowfall? The San Juans Mountain snowfall consists mostly of air, and very little water – therefore fluffy powder emerges. This snow compresses or ‘settles’ into a snow base. With very little water, Telluride snow compresses more than at resorts with higher water content.

March Lodging Madness!
Stay and Ski for Free this Spring Break with Telluride Resort L odging.
Book 5 nights of lodging with Telluride Resort Lodging March 1st – April 4th and receive an additional 2 nights of lodging and your 6th day of skiing for FREE!

Sunny, warmer days and the best skiing conditions of the entire ski season! With fantastic lodging & lift ticket deals coupled with great snow, book a Spring Break trip to Telluride today!