Real Estate Market Stats

The San Miguel County real estate market continues its solid upward trend, as 2005 got off to a strong start and as the year progresses, boasts widely impressive figures. Within the first three months of the year, totals for dollar volumes and sales numbers were already significantly ahead of the two highest years on record, 2004 and 2000, putting the year-to-date figures at record-setting levels. According to Judi Kiernan of Telluride Consulting, total dollar volumes for the first quarter of 2005 were at a remarkable $166 million, a 10% increase over 2004 ($151 million) and an 18% increase over 2000 ($140 million). First quarter sales numbers were 227, a 38% increase over 2004 (164) and a 2.25% increase over 2000 (222). At the close of the second quarter, year-to-date total dollar volumes were at $348 million, a 12% increase from 2004 ($311 million) and a 27% increase from 2000 ($274 million). Total sales numbers for the second quarter of 2005 were at 432, the second highest in recent history and 6% up from 2004 (408). Condominium sales are still soaring in both Mountain Village and Telluride with $56 million in total dollar volume for Mountain Village and $46 million for Telluride. These figures are vastly ahead of 2004, which was deemed the “Year of the Condo.”