Allegiant Air has just introduced new non-stop flights into Montrose, Colorado (65 miles from Telluride) from Phoenix/Mesa, Arizona and San Francisco/Oakland, California. The flights will begin on December 15th, 2012, and fares will start at $82.99 one way from Mesa and $112.99 one way from Oakland. These flights will be available on Wednesdays and Saturdays.
For more information on this or Telluride area luxury real estate, please contact Telluride Real Estate Corp. at 970.728.3111, info@telluriderealestatecorp.com or visit www.telluriderealestatecorp.com.
Wednesday, September 26, 2012
Monday, September 24, 2012
Monday, September 17, 2012
Two More Properties Successfully Sold at Luxury Auction by Telluride Real Estate Corp. and Concierge Auctions
TELLURIDE, Colo., Sept. 10, 2012 -- Saturday was an exciting one for NYC-based Concierge Auctions, as the firm announced the successful auction of two ski condominiums in the upscale community See Forever Village. 18 bidders participated as they vied for the best purchasing opportunities in Telluride's Mountain Village. The properties raise Concierge's tally of successful transactions in the Telluride, Colorado area to four properties in only three months. The auctions were conducted in cooperation with T.D. Smith of Telluride Real Estate Corp, an exclusive affiliate of Christie's International Real Estate.
"We began interviewing auction companies over two years ago and at first were unsure about the absolute platform. Selling absolute is certainly a risk; however, if done in a calculated manner with the right company, it is much more powerful than selling with reserve. The process brought forth buyers from all over the world, including dozens of CEOs, entrepreneurs and investors, many of whom were not even familiar with Telluride," stated the seller, John Abrams. "The Concierge team was professional and fulfilled its commitments. We were the first to test the auction platform for multiple condominium residences in this market, and Concierge's sophistication was the right choice."
The Concierge Auctions advertising and sales campaigns generated 1,354 inquiries and 3,401 website visitors from all US states and 34 international countries. 18 bidders participated in the sale. The winning buyers are from Connecticut and Maryland and are represented by Garrett Simon and Marty Stetina, both of Telluride Real Estate Corp.
"The response to the auction exposure was tremendous. We received 107 inquiries in the first day alone," stated Smith. "My sales team worked in close concert with the Concierge Auctions' project managers and directors to ensure every prospect received a prompt answer to their inquiry, was familiarized with the properties and understood the auction terms. We view the Concierge process as a stronghold tactic for our agents to offer their clients and look forward to working together again soon."
Condo units 127 and 128 at 117 Sunny Ridge Place each include three bedrooms and four bathrooms. They were sold fully furnished and are ideal for either personal use or as vacation rentals. The condominium building is adjacent to the Peaks Resort & Spa and is a short, heated cobblestone walk from the ski slopes.
"Following our closings last month of the Pa Gomo estate, which was the highest sale in Telluride in the past five years, and another ski-in/ski-out luxury cabin in Mountain Village, we are thrilled to continue our momentum in the Telluride market," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "The area has officially joined our repertoire of premier target mountain resorts that have benefitted time and again from our process -- to the likes of Aspen, Colorado, Jackson Hole, Wyoming and Big Sky, Montana, among others."
If you or someone you know is interested in selling a remarkable luxury property through Concierge Auctions, call 888.966.4759 or visit ConciergeAuctions.com.
For more information on this or Telluride area real estate, please contact Telluride Real Estate Corp. at 970.728.3111, info@telluriderealestatecorp.com or visit www.telluriderealestatecorp.com.
Thursday, September 13, 2012
According to the Telluride Daily Planet, Telluride's Real Estate Market Continues to Strengthen
Telluride represents the strongest market in the county
By Collin McRann
Staff Reporter
This year, housing sales have had mixed results in Colorado’s resort communities, but since March Telluride’s market has remained relatively strong.While most Telluride realtors welcome the positive numbers, they are approaching the future with a cautious optimism. Since April, the average dollar amount of housing sales per month in Telluride has been up roughly 30 percent over last year, according to real-estate broker TD Smith.
Smith said he has seen the most sales activity in the Town of Telluride, which he said is good news for the rest of the area. However, resort communities in Colorado have seen a range of sales numbers both good and bad. According to real-estate broker George Harvey, housing sales this year were up around 12 percent in Vail, but were down 12 percent in Aspen.
“The resort markets in general are still a little fickle,” Harvey said. “But I’m very pleased to see that Telluride has got a least a short positive trend going.”
Out of all home sales in Telluride this summer, 25 units were sold for more than $1 million and 14 were sold for more than $2 million, according to Smith. During August, around 35 properties were sold or changed hands in the county, which is up from 25 during August of last year, San Miguel County warranty deeds show.
“We’ve reached a level where pricing has stabilized, and I think there’s a significant amount of investors with excess capital and very few places to put it,” Smith said. “They’re investing — not necessarily because they think prices are going to go up significantly, but because they’re ready for a change in lifestyle.”
Generally, single family home prices in Telluride tend to be less expensive than Mountain Village, but both towns have about the same number of units on the market — around 65, Harvey said. While he cautioned the small sample size and wide range of difference in the houses available, Harvey estimates the average price of a home in Telluride is around $1.5 million, while Mountain Village is around $2.5 million.
As far as who is buying property in the area, realtors say a wide range of buyers from many different parts of the country are looking at property in the region.
Ed Andrews of Andrews Real-Estate Inc. said he has had a busy summer, in part, he thinks, because of better pricing than in years past. He said he has been talking to everyone from doctors to business people.
“I’ve worked with people from Texas, Arizona, California and Virginia, so they’re really coming from everywhere,” Andrews said. “It’s just a wide array [of buyers], you can’t just put your thumb and say XYZ — they’re just from a really wide variety of backgrounds and locations. People, I think, have discovered that Telluride is one of the more beautiful places in the country.”
Other housing units, such as condominiums, have also seen better sales numbers since April, however specifics were not available. The long-term rental market has remained strong with low cost rentals in demand. However, the rental market tends to follow seasonal trends.
“If you look at Telluride, the sale of single family homes last year and especially this year is very, very strong,” Stewart Seeligson, president of the Telluride Association of Realtors, said. “Since the pullback in 2008-2009, all segments [of the market] in Mountain Village and Telluride have experienced recovery. But each segment is operating and recovering at its own particular pace.”
For more information on Telluride area real estate, please contact Telluride Real Estate Corp. at 970.728.3111, info@telluriderealestatecorp.com or visit www.telluriderealestatecorp.com.
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