Tuesday, September 8, 2009

Market Update – Labor Day 2009

Labor Day marked the arrival of Telluride’s 36th Film Festival. Not only did a lot of people come to town for the Film Festival, but it was a busy weekend for contracts on regional real estate. A 35-acre lot listed for $2.6 million went under contract at Grayhead. Two luxury properties went under contract in Mountain Village including a Dakota Place condominium and a single family home located at 118 Rocky Road. These properties are listed at $2,680,900 and $2,495,000 respectively. A fourth home at100 Miguel Road in Aldasoro listed at $2,995,000 also contracted.

Last week two lots went under contract in Mountain Village which is interesting news since no vacant lots have closed in Mountain Village since December 2008. These are Boston Commons lots 423 and BC513 which are at opposite ends of the price spectrum. Lot 423 is listed for $1.625 million and BC513 is listed for $299,000.

Team Fedorka closed a townhouse condominium in Mountain Village last week. Lodges on Sundance #16 sold for $1.55 million which was an incredible value for the buyer. This four bedroom townhouse was sold completely turnkey furnished.

This is a great start for the end of August and beginning of September. As always please email me at buzz@fedorka.com with any questions or comments.

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