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Mountain Village Ski in Ski out Lot Contracts priced at $3,500,000
The Mountain Village is starting to see signs of life as several new condos and homes have contracted in the past few weeks. Investors seem to know that now is a great time to buy and this is clear with all the new transactions we are seeing. The most recent transaction is this lot located at 119 Yellow Brick Rd and listed for $3,500,000.00. See link below for more info and photos.
Now is the time!
Follow this link to see the
page:
<A HREF="http://www.flexmls.com/link.html?wxk32p84ufy,2,1">Click
to view listing(s)</a>
This link is valid until
5/5/2012.
Another Depot lot in Telluride under contract
The Town of Telluride and Depot lane has been on fire. We just had a river front lot close for $1,700,000 and a home close for 6 million at just over $1,100,000 a square foot. There have been many signs that the bottom has come and gone in the Town of Telluride. The most recent lot on Depot just contracted today and was listed just under 2 million. With only one more lot listed for sale on Depot for $1,450,000 it is just a matter of time before it will be gone. Depot is one of the best locations in Telluride and only a short walk to the Gondola and Lift 8. Don't miss your chance to own one of the last remaining developable Depot lots. Please see the link below on the last available lot.
Follow this link to see the
page:
<A HREF="http://www.flexmls.com/link.html?wxjq3gprx7m,2,1">Click
to view listing(s)</a>
This link is valid until
5/4/2012.
Signs that the Market is Coming Back
Town tax revenues coming in strong
2011 sales tax numbers highest in years
By Katie Klingsporn
Editor
The town’s sales and use tax revenues, a major funding source that comes mostly from retail outlets in town, totaled $4.36 million in 2011 — the highest in at least five years and a 3.5 percent improvement over 2010, according to town numbers.
Sales tax revenues were up during nine out of 12 months of the year, with a notable upward swing during the last four months.
December revenues of $536,987 were the highest for that month in four years, and were 9.4 percent above the same month in 2010. November revenues were up 3.5 percent, October’s increased 13.9 percent and September’s rose 16.8 percent. August saw a decline, but it came a year after the Phish concerts boosted that month’s activity significantly.
“We ended up with a fairly positive tax revenue picture,” said Town Manager Greg Clifton. “We had a very strong fall shoulder season and a strong December. That really was the end to a year that has been consistently in the positive.”
It marks the second year of steady tax revenue collection since the recession hit, which caused Telluride’s revenues to plummet in 2008 and 2009 and forced the town to axe its budget, freeze spending and lay off employees.
“We had back to back years [2010 and 2011] of decent revenues that surpassed budget estimates,” Clifton said. “That’s good news. It means we’re rolling right along. I think it’s a good indicator of how our local economy is doing.”
Real estate transfer tax revenues, which provide another major revenue stream for the town, came in slightly less in 2011 than 2010. The year total was $2.8 million, down from $3.1 million in 2010.
Again, December numbers showed a year-over increase — coming in at $192,871, a 21 percent increase over the same month in 2010. Other notable months for RETT collections were June, with $322,650 and February, with $429,110. But showings weren’t as strong as sales tax, and several months saw RETT numbers falling from the year before.
Clifton said that while RETT revenues didn’t meet the town’s projections, they were close.
“We felt good about where we ended up,” Clifton said.
Clifton attributed the strong year-end sales tax revenues to a regional effort to extend Telluride’s fall shoulder season. That led into a strong holiday season, he said.
Wendy Basham and Todd Tice, co-owners of Telluride Trappings & Toggery, said their numbers have held up this season compared to last year.
“We haven’t seen a huge increase, but last year was a really good year for us,” Basham said. “There’s definitely been an uptick over the last two years. Things have just slowly gotten a lot better.”
Tice, too, said their numbers are solid. Recent snowfall has helped with the momentum of the season, he said.
Town Council Member Chris Myers said Telluride’s recent effort to extend the gondola season should help the fall off-season grown economically.
“We need to make sure we’re having sound policies that support a healthy business environment and healthy real estate economy as well,” Myers said.
Christie’s International Real Estate is a proud sponsor of the 2012 Tavistock Cup
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Christie’s International Real Estate is a proud sponsor of the 2012 Tavistock Cup, which takes place March 19 and 20 at Lake Nona Golf & Country Club in Orlando, Florida. The ninth installment of this officially sanctioned PGA TOUR event between the touring professional members of Albany, Isleworth, Lake Nona and Queenwood Golf Club will be televised on the Golf Channel in the U.S., Canada, China, and Japan. Skysports and other international affiliated stations also air the live broadcast to the United Kingdom, Australia, Latin America, and South Africa. Tavistock Cup’s live coverage, re-airs, and highlights reach nearly 120 million households in more than 200 countries worldwide. The first-ever broadcast advertising from Christie’s International Real Estate will air four times during the Tavistock Cup telecast. We are pleased to be able to invest the network’s marketing dollars into such an expansive and prestigious global advertising platform. The commercial will be posted on our Web site the day it premieres, March 19. The broadcast schedule is available on the Web site as well. Look for the Tavistock Cup under the home page photo carousel of www.christiesrealestate.com for updates leading up to the tournament. Recognized by many as the World Golf and Country Club Championship, the Tavistock Cup will be contested on Lake Nona’s Tom Fazio-designed course, which continually ranks among the top residential courses in the world and has been host to a number of international tournaments. The competition between the golf club communities of Isleworth and Lake Nona, both exclusive Affiliates, began as a friendly cross-town rivalry between their golf professional members in 2004. Last year, it was expanded to include two international clubs: Albany, a new luxury resort in the Bahamas, and the exclusive Queenwood Golf Club, a traditional private golf club outside of London featuring a heathland course. Each year, Tavistock Cup contestants play for prize money, team hole-in-one prizes and the title of World Golf and Country Club Champion. Over the first eight years, more than $6.5 million has been donated to local, national and international charities. But what makes this inter-club rivalry all the more exciting is that these four clubs represent the highest concentration of top-ranked golfers, collectively winning more than 860 worldwide victories, including 62 major championships. Billed as one of the most unique golfing events of the year, the tournament’s invitation-only gallery is comprised of club members, designated charities, tournament sponsors, and their guests. Once in, there are no ropes separating spectators from the world’s best players. We will be sending you the broadcast schedule and team rosters next week. I hope you will tune in. |
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Kind regards, |
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Ben Phillips
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Christie’s Recent Announcements / Updates, March 2012
Christie’s Recent Announcements / Updates, March 2012
NEW MAGAZINE WILL LAUNCH IN 2012
- Ø Will be produced by August Media, and printed in-house by Christie’s
- Ø Complete redesign will include lifestyle stories along with listings (i.e., art, cultural events, home design, luxury destinations, etc.)
- Ø Improved distribution strategy
- For the first time, will be distributed to strategic locations in the Middle East and Asia
- MOST IMPORTANTLY, will be packaged and sent with Christie’s Magazine to top 14,000 auction house clients
v Christie’s is a SPONSOR OF THE 2012 TAVISTOCK CUP, part of the PGA Tour, March 19-20, televised on the Golf Channel
- Ø Christie’s will air its first-ever broadcast advertising, four times during the tournament
- Ø Ad will be available on the CIRE website 3/19
WEBSITE WILL BE COMPLETELY REDESIGNED
- 17 languages, 49 currencies, mobile capabilities (iPhone, Droid, mobile web), agent websites, enhanced property data management, and much more
CLIENT SERVICES WILL BE TRANSITIONED TO NEW YORK AND LONDON
- Having both these responsibilities in the same offices as Managing Director Jarvis Slade and CMO Ben Phillips will accelerate the response time not only for Affiliate queries but also for referral activity involving the real estate network and the art auction house.
- Shows that we are closely aligned with the parent auction house, committed to globalization by prioritizing global hubs of New York, London and Hong Kong.
DATA FEED TO BE FINALIZED
- Sarah is in the process of setting up the data feed so that all TREC listings over $1 million will automatically be uploaded to the Christie’s website
The Telluride snow continues see the latest report from this morning
Telluride Ski Resort Snow Report
Last Updated: Today at 06:10 AM
Snow Report
- Past 24 hours:
- 5"
- Past 48 hours:
- 5"
- Past 72 hours:
- 8"
- Base / Max Depth:
- 65" / 65"
- Conditions:
- Powder, Packed Powder
Slope Info
- Acres Open:
- 0 of 2000
- Lifts Open:
- 18 of 18
- Runs:
- 102 of 120
- Telluride Weather Forecast:
- Snow
- Vertical Drop:
- 3845'
- Base / Summit:
- 8750' / 13320'
36 plus million under contract in Telluride Mountain Village
Real Estate is the hotest I have seen in in years with 25 new pending contracts this past month. The majority of activity has been seen in the Town of Telluride but several homes and condos have recently contracted in the Mountain Village as well. Please take a look at the stats pulled from the MLS today.
Statistical Market Analysis
| Status | # Listings | List Volume | List Price | Est Finished SqFt | List Price Per Est Finished SqFt | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pending | 25 | 36,537,800 | Low Avg High |
152,900 1,461,512 6,950,000 |
373 2,199 7,974 |
124.31 603.87 1,284.66 |
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10 Plus inches of New Snow Blankets Telluride 2.28.2012
Weather Report 5 Day Forecast Tuesday Wednesday Thursday Friday Saturday Today: Snow and areas of blowing snow. High near 23. Windy, with a west southwest wind between 25 and 30 mph, with gusts as high as 45 mph. Chance of precipitation is 100%. Total daytime snow accumulation of 3 to 5 inches possible. Tonight: Snow likely and areas of blowing snow before 1am, then a slight chance of snow between 1am and 4am. Cloudy during the early evening, then gradual clearing, with a low around 11. Breezy, with a west southwest wind 15 to 20 mph decreasing to between 5 and 10 mph. Winds could gust as high as 30 mph. Chance of precipitation is 70%. New snow accumulation of 1 to 2 inches possible. For a 7-day forecast and more weather info from NOAA, click here . --------------------------------------------------------------------------------