TELLURIDE LUXURY MARKET

Telluride offers beautiful Victorian-era buildings, stunning views of the surrounding mountains, and gorgeous luxury homes that help residents create a life they truly love. San Miguel County, home to Telluride and its surrounding communities, saw a 9.7% decrease in the number of luxury homes sold, with 102 in 2022 compared to 113 in 2021. The price per square foot throughout the county was $1,709, up almost 18% from 2021.

The Town of Telluride had very little change in the number of luxury homes sold: 34 in 2021 and 32 in 2022. The price per square foot was $2,239 in 2022, a 4.2% increase from $2,148 the previous year. The average sale price of luxury homes was $5,736,494, a 12.3% decrease from $6,538,852 in 2021.

Mountain Village had an average price per square foot of $1,413 for its luxury homes in 2022, which was a 35% increase from $1,045 the previous year. That community also saw an uptick to $6,235,832 in the average sale price, a 15.7% increase from $5,390,191 in 2021.

In the Surrounding Mesas, including Deep Creek Mesa, Hastings Mesa, Iron Springs/Horsefly Mesa, Specie Mesa, Turkey Creek Mesa, and Wilson Mesa, the price per square foot increased 7.3% to $1,569. The average sale price was $7,225,834 in 2022, down 8.8% from $7,920,265 in 2021. The average list price saw little change from $8,184,882 in 2021 to $8,200,588 in 2022.

4.2%

The average price per square foot in the Town of Telluride increased by 4.2% in 2022 compared to that of 2021.

32.9%

The average number of days on market in the Surrounding Mesas decreased by 32.9% in 2022 compared to that of 2021.