Tuesday, June 29, 2010

Telluride Named One of Country’s Most Charming Small Towns

As reported on the Telluride Ski Resort website:

TripAdvisor, a leading online resource for travel reviews and recommendations, named Telluride as one of the most charming small towns in the U.S. The only town in Colorado to be selected, Telluride joins the ranks at number four out of 10 towns selected in the 2010 assessment.

• The 10 charming small towns selected this year include (in order from number ten): Galena, Ill.; Cold Spring, N.Y.; Camden, Maine; Rockport, Mass.; Fredericksburg, Texas; Hood River, Ore.; Telluride, Colo.; Charlottesville, Va.; Traverse City, Mich.: and Carmel, Calif.
• Selected towns are chosen based on popularity among TripAdvisor editors and users.
• Telluride, a historic mining town located in southwest Colorado, is known for its unique and picturesque location in the San Juan Mountains.
• A premiere year-round destination, Telluride is a haven for travelers seeking world-class outdoor recreation, dining, accommodation, and it overflows with charm, history and beauty.
• TripAdvisor boasts more than 35 million annual reviews and recommendations.

If I can provide you with any further information on Telluride, or Telluride real estate, please contact me at 970-728-1234 or buzz@fedorka.com.

Wednesday, June 23, 2010

TMVOA Announces 2010 Sunset Concert Series Lineup!

From TMVOA:

Announcing the 2010 Sunset Concert Series!
Every Wednesday Starting at 6:00pm, Free
July 7th - August 25th
Sunset Plaza, Mountain Village

Telluride Mountain Village, Colorado, June 10, 2010 - The Telluride Mountain Village Owners Association invites you to another season of outstanding music on the Sunset Concert Series stage. In its 11th year, the series brings an impressive lineup to town; a mix of blues, soul, reggae, psychedelic and more. The party happens at Sunset Plaza, on the lawn near Lift 1. The bands start at 6:00pm every Wednesday and they play rain or shine. All Sunset Concert Series shows are completely free and open to the public; the series is sponsored by The Peaks Resort & Spa, Capella Telluride, Inn at Lost Creek, Elevation Vacations, All Phases Event Group, The Market at Mountain Village, and lumière.

Red, White & Blues on Saturday, July 3rd at 4:00pm- The Sunset Concert Series kicks off with the annual Red, White & Blues concert on Saturday, July 3rd at 4:00pm. This year, TMVOA is proud to present Lavay Smith & Her Red Hot Skillet Lickers. In addition to live music, family-friendly activities begin at 2:00pm, including bungee trampoline, jumping castle, face painting, and the Telluride Foundation celebrates their 10th anniversary with an ice cream social benefiting the Telluride Adaptive Sports Program.

Below is an outline of the 2010 Sunset Concert Series Lineup:
July 3 Lavay Smith & Her Red Hot Skillet Lickers (Red, White & Blues: Saturday)
July 7 Steep Canyon Rangers
July 14 Duwayne Burnside
July 21 Corey Harris
July 28 Dangermuffin
Aug 4 Sierra Leone's Refugee All Stars
Aug 11 Marco Benevento Trio
Aug 18 These United States
Aug 25 Jim Lauderdale Band

Please visit www.tmvoa.org for links to the band websites. Please contact me at 970-728-1234 or buzz@fedorka.com if you would like any further information, or if I can help you with any Telluride real estate needs.

Tuesday, June 22, 2010

Housing Recovery Led by Five States, Including Colorado

From the Housing Predictor, LLC, June 2010:

A housing recovery is developing in five states, despite a slowdown in home sales as a result of the federal home buyers’ tax credit expiration. The states are leading the U.S. housing market out of its long lasting record downturn and are forecast to experience housing inflation for the rest of 2010.Two of the states were impacted less by casino-like lending practices that nearly led to the nation’s economy melting down as bankers sold mortgages to just about anyone who could sign their name.

The other states are on the road to recovery for reasons that include greater government intervention to manufacture a recovery in housing prices.

Following a rise in spring time home sales, the Housing Predictor forecast indicates a sluggish return to sales activity that will be hampered by the Gulf Coast oil disaster, and the expiration of the federal tax credit. But the impact of the oil spill will have little direct consequence on housing markets far away from the Gulf Coast.

Two states that were largely spared from disastrous affects of fall-out from the mortgage crisis are projected to increase slowly over the rest of the year. North Dakota and South Dakota, which experienced little subprime and Alt-A mortgage lending during the real estate boom, are projected to sustain levels of appreciation. North Dakota is forecast to improve 4.2% in average housing values. South Dakota is projected to see an average boost of 3.9%.

The levels of forecast appreciation in many of the markets also demonstrate a strong move towards stabilization in housing markets in less populated areas of the country, where bankers did not sell as many Alt-A and subprime mortgages. However, three other states with larger population bases are also forecast to have stronger appreciation to lead the nation out of its housing downturn.

The country’s most populated state, California, which has an economy that alone would stand as the tenth largest in the world, Virginia and Colorado are projected to see better home prices through the rest of 2010. California is being boosted by a special $10,000 state tax credit for anyone buying a home.

Communities outside of Washington D.C., in Virginia are experiencing higher home sales as a result of good paying government jobs in the nation's capitol. In Colorado, the economy is improving, particularly in the Denver area, where businesses are hiring back employees, and many new companies are relocating to the area.

If I can provide you any further information about the real estate market in Telluride, Colorado, please give me a call at 970-728-1234, or an email at buzz@fedorka.com.

Monday, June 21, 2010

May Numbers are in and They Are Good!

We just got the reports in from Telluride Consulting for the county-wide sales numbers and volume for the month of May. In terms of dollar volume, we’re up 165% over May of 2009, and in terms of the count of transactions we’re up by 155% for the same time period. Year-to-date, dollar volume is up 122%, and count of sales is up 59%. The most active category is Mountain Village single-family homes.

We typically think about our summer season getting kicked off with the Bluegrass Festival, which ended yesterday. However, this off-season proved to be particularly busy. You are able to buy real estate at unprecedented prices; in some cases you are paying what real estate cost a decade ago. I think this is profound, because there is a very finite amount of real estate that can be built, either in the historic Town of Telluride or in Mountain Village. Of course, the town is in a box canyon, surrounded by Forest Service land, and Mountain Village also has a finite amount of land and a limited amount of zoning. It’s also surrounded by National Forest.

Next weekend will be the Food & Wine Festival. This year’s lineup will include some of the top chefs from around the nation, and wines from around the world. This would be a great festival to drop in on for a long weekend. I hope you will visit this summer! When Mary and I recently returned from a trip, and turned into the main entry to Mountain Village, the extraordinary green foliage and the mountain backdrop reminded us how lucky we are to be able to spend our summers here in Telluride. If you would like information about Telluride or Mountain Village real estate, please give me a call or drop a line.