Cascades A1 - $2,600,000.00
Beautiful Ski-in Condominium located on the San Miguel River in the Town of Telluride offering unparralled views of Ajax, Telluride Mountain, and Ballard Mountain. Dedicated open space to the East guarantees privacy and tranquility. ...
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List your property with Telluride Luxury Rentals & Real Estate
Gavin is a licensed Realtor in
Colorado and is one of the top real estate agents in the
Telluride Colorado real estate market. He grew up in Atlanta and is a graduate of Pennsylvania State University. After a 10 year career of selling software he decided to take his passion for sales and customer service to the Real Estate Sector. He specializes in residential real estate in the Telluride area and believes in treating people with kindness and respect, he pays close attention to detail. Gavin and his wife Eliza, owner and Chef de Cuisine of widely popular 221 South Oak
, are Telluride residents and love the beauty of the region.
If you're looking for an dedicated and hard working real estate agent in Telluride, Colorado, look no further.
Gavin is here to help.
Much like the recent weather pattern,
real estate in the Telluride area continues to
be a blizzard of activity. According to data
compiled by the Telluride Association of
Realtors Multiple Listing Service — which
includes regional transactions handled by
the organization’s 240-plus broker members
— total dollar volume for real estate
sales in 2007 topped out at $710 million,
an overall history high and 6% higher than
last year’s total (and former history high)
of $670 million.
Furthermore, since TAR
began recording data, total dollar volumes
have increased at a compound annual
growth rate of 14.8%, and have witnessed
a substantial rise with 2007’s figures 129%
higher than those from 2001.
SUCCESSFUL 4TH QUARTER AND ITS NOTABLE SALES
The fourth quarter of 2007 showed
very positive results with the total dollar
volume reaching $148 million. This was a
16.5% increase over 2006’s fourth quarter,
which netted $127 million. In addition,
all fourth-quarter months in 2007 topped those same months from 2006.
December 2007, in particular, was 26% higher
than December 2006, and even more importantly,
was the strongest December in history. Certain
sizeable transactions contributed to December’s
success, such as two single-family residential
homes in Mountain Village for $7 million and
$5.6 million, respectively; three more single-family residential homes for over $3 million (two in the town of Telluride and one in Mountain
Village); a $5.5 million vacant land parcel in
Mountain Village and $4.1 million vacant land
parcel on Deep Creek Mesa; and a $4.95 million
condominium in Mountain Village.
As for marked sales during the other fourthquarter
months, November boasted an $8 million
single-family residential home sale in Mountain
Village; and October brought in a $4.7 million
condominium sale and five single-family residential homes sales at $3 million or higher.
By and large, the highest grossing property
type in 2007 was single-family residential homes,
which by year’s end, witnessed a record-breaking
$355 million in total dollar volume, 34% higher
than the $265 million from 2006 and 203% higher
than the $117 million from 2001. In the fourth
quarter alone, single-family residential home
sales totaled $84 million, 27% higher than last
year’s $66 million.
Land sales were also strong in 2007 with $147 million in total dollar volume for the year
and $33 million for the fourth quarter. Although fourth quarter sales topped the $21 million
from the 2006 fourth quarter by 57%, year-end vacant land figures weren’t quite as high as
last year’s $196 million. This could be attributed to fewer parcels remaining in some of
the region’s most desirable areas, like the town of Telluride and Idarado subdivision, which
housed very few vacant land transactions
throughout 2007. Ironically, however,
such characteristics of limited zoning,
supply and density are precisely what
make this region so desirable.
Lastly, even as the commonly dubbed
“condomania” that highlighted 2004, 2005
and 2006 starts to regulate itself, 2007 still
showed $169 million in total dollar volume.
Condominiums are still highly valued
in the region and the average price of
a condominium has risen to $1.1 million in
2007, from $535,000 in 2003.
YEAR IN REVIEW: PROPERTY
VALUES CONTINUE TO CLIMB
Even with the national woes circling
the sub-prime crisis and overall economic
slowdowns, the Telluride region continues
to show positive growth potential. Average
prices are still on the rise, pushing the
envelope to unbelievable heights. At this
point, the overall average price for real
estate in the region is 25% higher than it
was in 2006 ($1 million versus $800,000).
More specifically, average prices within
specific property types are higher than
they were at the same time last year, and
significantly higher than in the past five
years. Thus if trends continue, the same
should hold true as we head into 2008.
