The numbers came in this week from our consulting company for the month of June, and although there have been pretty significant improvements month-to-month comparing 2010 to 2009, in the month of June, our count on transactions was actually the same as 2009, at 26 transactions, and the dollar volume was down by 4%. Out of the 26 transactions, eight were bank-owned sales, and a couple of others were short sales. This is the highest number of bank-owned sales in any month over the last two years.
So far this year, 16 homes have sold in Mountain Village, and two more are under contract, which is quite impressive, compared to selling only 10 all year in 2009, however many of the homes are transacting for as much as 30% off what the original asking prices were.
Please feel free to contact me at 970-728-1234 or buzz@fedorka.com if I can provide you with any further information about Telluride's real estate market.
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