The Telluride real estate marketplace has experienced a bit of a rebound in the first half of 2010. Year to date, gross dollar sales have increased 89% over that same period in 2009. Numbers of regional transactions also increased at the rate of 45%. Currently, dollar volume of sales are 55% of sales achieved in 2007, our last good real estate year pre-recession. This represents an increase of 26% when one compares 2009 sales to 2007. Sales in the region appear to be tracking better than those in Aspen where that resort’s sales have increased 22% during the same time period.
A total of 51 sales transpired in the Town of Telluride, representing total gross dollars of $54.9M YTD. A total of 72 sales occurred in the Town of Mountain Village with gross dollars of $94.6M. The remainder of San Miguel County experienced 38 sales totaling $39.7M. It appears as though the upper end of the market is garnering considerable interest. There have been a total of 29 sales in the Telluride region above $2M, with 15 sales above $4M and three transactions between $8M-$10.1M YTD. Another Mountain Village home with an asking price of $10.5M is currently under contract. These high-end sales show a dramatic improvement, as during the same period in 2009 there were only 13 sales above $2M.
While we do not anticipate a boom cycle on the near horizon, this data seems to indicate a strong renewed interest in investment in the Telluride lifestyle with its limited, high-quality inventory. The catalyst for stronger sales has been a willingness by some sellers to accept price levels 25-30% below the market highs of 2007. Those sellers are not necessarily in "must sell" situations, but are oftentimes seeking liquidity for alternative investments. Investors are gravitating to discounted "Grade A" properties and seem to be avoiding a limited number of problematic foreclosure and short sale scenarios.
With the velocity of sales increasing, it is likely that a "bottom" has been reached and sellers will over time resist these deeper discounts, and the market will respond with gentle appreciation. Those sellers who have held firm with price structure must remain patient, but oddly have contributed to "setting the bottom," and will influence the rise in future values. With 12 homes transacted in the past 120 days at $800-$1,075 PSF, this cycle is likely in motion.
Friday, August 20, 2010
Tuesday, August 17, 2010
Full Tilt Returns to Mountain Village 8/20-8/22
Town of Mountain Village News Release:
Cross-country. Hill Climb. Downhill. Super-D. That’s right, Full Tilt returns to Mountain Village as part of the Mountain States Cup Race Series, the largest full-discipline (endurance and gravity) race series in the United States.
As its host, Mountain Village is amped to be stop number seven, August 20 through August 22. To kickoff the weekend events, riders will compete in the Cross-Country and Super-D races. Then on Sunday, participants will vie for the win in two race disciplines: Hill Climb and Downhill. Both the Downhill and Cross-Country events are qualifiers for the 2011 USA Cycling Mountain Bike National Championships. The cost to compete ranges from $25 to $55 depending on the event, category and class.
As for the race course terrain, riders can expect some surprises in all disciplines. Over the past two years, the Town of Mountain has added new bike trails to its inventory, and most recently built the Mountain Village Bike Park which has caught the attention of gravity junkies alike.“We are looking forward to featuring the newly constructed Mountain Village Bike Park to the dedicated athletes in this industry,” said Recreation Director Tony Forrest. “And to boot, we have mapped out cross-country courses that are brand new to Full Tilt and its participants. Without a doubt, every rider is in for a treat.”
For interested racers, the best way to register for the event is online at racemsc.com. The online registration deadline is Thursday, August 19 at 7 a.m. Printable forms are also available for download on the Mountain States Cup Web site; forms may be e-mailed to info@racemsc.com no later than Wednesday, August 18 at 5 p.m. No faxes, please. On-site registration will be available at the Hope Garden in Mountain Village beginning Friday, August 20. Again, for all registration details, visit Mountain States Cup Web site at racemsc.com.
For riders needing a comfortable place to stay, Cappella Telluride, the Inn at Lost Creek, The Peaks Resort & Spa, and the Mountain Lodge at Telluride are offering Full Tilt-only discounted lodging packages. And for a cool drink, Colorado Native will be pouring samples of its beer as a proud sponsor of Mountain States Cup. Redeem coupons for a free beer at the Hop Garden Saturday, August 21 from 7 p.m. to 10 p.m. Riders must be 21 or over to participate in the Colorado Native sampling.
For those who can’t make the event, the Town of Mountain Village and LiveSauce will provide live race coverage via the Web Saturday and Sunday at townofmountainvillage.com/FullTiltLive; broadcast times will be noted. Spectators who want to not only watch all the action in person but also participate on foot, Yeti Cycles and the town are recruiting volunteer course marshals. Volunteer hours are Friday, August 20 from 7:30 a.m. to 6 p.m., and Saturday, August 21 and Sunday, August 22 from 7:30 a.m. to 4 p.m. Full or half-day shifts are available.
For more information or to sign up to volunteer, call (970) 369-8236. Lunch and a Full Tilt T-shirt will be provided to those who volunteer at least four hours of service.
To make the Full Tilt event possible, Mountain Village has teamed up with the event’s production crew and organizer Bigfoot Productions and Yeti Cycles. Bigfoot was established in 2006 in conjunction with Yeti Cycles to expand and improve the Mountain States Cup Series and promote bike industry involvement in racing. In addition, this event is made possible with the support of local business sponsors including (in alphabetical order) BootDoctors & Paragon Sports, Capella Telluride, DAKINE, Diggity Doggs, Mountain Lodge at Telluride, Mountain Village Bike Park, San Miguel Bike Alliance, SUNRISE, Telluride Daily Planet, Telluride Mountain Village Owners Association, Telluride Ski & Golf Company, Telluride Sports, The Peaks Resort & Spa, and the Town of Mountain Village. For more Full Tilt information, including race course details and the event schedule, please review the complete news release.
For more information on regional events, or Telluride real estate, please feel free to contact me at 970-728-1234 or buzz@fedorka.com.
Cross-country. Hill Climb. Downhill. Super-D. That’s right, Full Tilt returns to Mountain Village as part of the Mountain States Cup Race Series, the largest full-discipline (endurance and gravity) race series in the United States.
As its host, Mountain Village is amped to be stop number seven, August 20 through August 22. To kickoff the weekend events, riders will compete in the Cross-Country and Super-D races. Then on Sunday, participants will vie for the win in two race disciplines: Hill Climb and Downhill. Both the Downhill and Cross-Country events are qualifiers for the 2011 USA Cycling Mountain Bike National Championships. The cost to compete ranges from $25 to $55 depending on the event, category and class.
As for the race course terrain, riders can expect some surprises in all disciplines. Over the past two years, the Town of Mountain has added new bike trails to its inventory, and most recently built the Mountain Village Bike Park which has caught the attention of gravity junkies alike.“We are looking forward to featuring the newly constructed Mountain Village Bike Park to the dedicated athletes in this industry,” said Recreation Director Tony Forrest. “And to boot, we have mapped out cross-country courses that are brand new to Full Tilt and its participants. Without a doubt, every rider is in for a treat.”
For interested racers, the best way to register for the event is online at racemsc.com. The online registration deadline is Thursday, August 19 at 7 a.m. Printable forms are also available for download on the Mountain States Cup Web site; forms may be e-mailed to info@racemsc.com no later than Wednesday, August 18 at 5 p.m. No faxes, please. On-site registration will be available at the Hope Garden in Mountain Village beginning Friday, August 20. Again, for all registration details, visit Mountain States Cup Web site at racemsc.com.
For riders needing a comfortable place to stay, Cappella Telluride, the Inn at Lost Creek, The Peaks Resort & Spa, and the Mountain Lodge at Telluride are offering Full Tilt-only discounted lodging packages. And for a cool drink, Colorado Native will be pouring samples of its beer as a proud sponsor of Mountain States Cup. Redeem coupons for a free beer at the Hop Garden Saturday, August 21 from 7 p.m. to 10 p.m. Riders must be 21 or over to participate in the Colorado Native sampling.
For those who can’t make the event, the Town of Mountain Village and LiveSauce will provide live race coverage via the Web Saturday and Sunday at townofmountainvillage.com/FullTiltLive; broadcast times will be noted. Spectators who want to not only watch all the action in person but also participate on foot, Yeti Cycles and the town are recruiting volunteer course marshals. Volunteer hours are Friday, August 20 from 7:30 a.m. to 6 p.m., and Saturday, August 21 and Sunday, August 22 from 7:30 a.m. to 4 p.m. Full or half-day shifts are available.
For more information or to sign up to volunteer, call (970) 369-8236. Lunch and a Full Tilt T-shirt will be provided to those who volunteer at least four hours of service.
To make the Full Tilt event possible, Mountain Village has teamed up with the event’s production crew and organizer Bigfoot Productions and Yeti Cycles. Bigfoot was established in 2006 in conjunction with Yeti Cycles to expand and improve the Mountain States Cup Series and promote bike industry involvement in racing. In addition, this event is made possible with the support of local business sponsors including (in alphabetical order) BootDoctors & Paragon Sports, Capella Telluride, DAKINE, Diggity Doggs, Mountain Lodge at Telluride, Mountain Village Bike Park, San Miguel Bike Alliance, SUNRISE, Telluride Daily Planet, Telluride Mountain Village Owners Association, Telluride Ski & Golf Company, Telluride Sports, The Peaks Resort & Spa, and the Town of Mountain Village. For more Full Tilt information, including race course details and the event schedule, please review the complete news release.
For more information on regional events, or Telluride real estate, please feel free to contact me at 970-728-1234 or buzz@fedorka.com.
Wednesday, August 11, 2010
New! Telluride 365 iPhone App
Telluride 365 iPhone app now available on iTunes.
In Telluride 365, Sarah Wetzel Reiss takes you on a game-for-anything romp through one of the country’s most inviting four-seasons getaways with stops in tried-and-true hangouts and tips on getting the most out of Telluride’s and Mountain Village’s full-year of festivals.
You'll love Sarah's tips on where to find the best artisan chocolates, how to pack for the Bluegrass Festival, where to reserve a table for two for a romantic dinner, and the best vantage points for New Year’s Eve fireworks.
Sarah created this Telluride app from the ground up by collaborating with long-time locals to collect a broad cross-section of insider favorites and compiling them in a fun and spirited guide to the best that Telluride and Mountain Village have to offer. Telluride 365 isn’t just a print guide slapped into an app skin; instead, it’s full of fun and concise original content written with the on-the-go user in mind. Whether you’re standing on the sunny side of main street surfing for a great lunch spot, or lying on your couch planning a day on the slopes, this simple but powerful app will lead you by the hand and provide exactly the right information in no time.
Telluride 365 condenses the towns’ under the radar opportunities into 150 top restaurants, hidden lodging gems, and must-do activities, and gives users access to over 950 color photos. This visually rich app is full of insider tips for locals and first-time visitors.
The engaging and easy-to-navigate features include:
• Photo slideshows for each entry, so that you know what you’re getting before you go.
• Concise, original text informed by Telluride locals.
• Entries filtered by useful criteria like Great Local Food, Fun in the Outdoors, Outfitters Gear, Kid Stuff, Nightlife, Where to Sleep, and more.
• Entries sortable by name, distance, price and neighborhood.
• One-click Web site and phone interface to buy tickets, peruse current menus, and more.
• Google maps with walking and driving directions for each entry.
• Podcasts featuring Sarah’s favorite restaurants, businesses and festival tips.
• Over 100MB of offline content that you can access anytime without an Internet connection.
• Direct links to Wikipedia, Yelp reviews or establishment’s Web sites (whichever is most useful to the user).
• The ability to share user comments and mark and save favorites.
• Fast browsing.
Check it out; at $2.99 it costs way less than a latte and it will last much longer! Buy it once and get free upgrades for life.
Who is Sarah Reiss, the author? Sarah Wetzel Reiss is a food, travel and lifestyle writer with over 100 articles in print on destinations from Big Bear to Barbados. She is a member of The Society of American Travel Writers (SATW) and makes life on the road look like a walk in the park. In addition to Telluride 365, Sarah is the author of Jacksonville Essential Guide iPhone app, Insiders' Guide: Jacksonville, 3rd ed. (Globe Pequot) - available on www.amazon.com - and two blogs: Puddle Jumping (www.sarahreiss.wordpress.com) and City Dish (www.CityDish.net). Her columns - "In Store", "The Thoughtful Traveler" and "10 Reasons to Love" - have appeared in magazines and newspapers from Palm Springs to Princeton. Sarah has been visiting Telluride since 1990 and counts it among her favorite spots in the country. To learn more about Sarah, visit www.sarahreiss.com.
To purchase the Telluride 365 iTunes app, visit http://sutromedia.com/apps/Telluride_365.
For more information on the Telluride area, or Telluride real estate, please contact me at buzz@fedorka.com or 970-728-1234.
In Telluride 365, Sarah Wetzel Reiss takes you on a game-for-anything romp through one of the country’s most inviting four-seasons getaways with stops in tried-and-true hangouts and tips on getting the most out of Telluride’s and Mountain Village’s full-year of festivals.
You'll love Sarah's tips on where to find the best artisan chocolates, how to pack for the Bluegrass Festival, where to reserve a table for two for a romantic dinner, and the best vantage points for New Year’s Eve fireworks.
Sarah created this Telluride app from the ground up by collaborating with long-time locals to collect a broad cross-section of insider favorites and compiling them in a fun and spirited guide to the best that Telluride and Mountain Village have to offer. Telluride 365 isn’t just a print guide slapped into an app skin; instead, it’s full of fun and concise original content written with the on-the-go user in mind. Whether you’re standing on the sunny side of main street surfing for a great lunch spot, or lying on your couch planning a day on the slopes, this simple but powerful app will lead you by the hand and provide exactly the right information in no time.
Telluride 365 condenses the towns’ under the radar opportunities into 150 top restaurants, hidden lodging gems, and must-do activities, and gives users access to over 950 color photos. This visually rich app is full of insider tips for locals and first-time visitors.
The engaging and easy-to-navigate features include:
• Photo slideshows for each entry, so that you know what you’re getting before you go.
• Concise, original text informed by Telluride locals.
• Entries filtered by useful criteria like Great Local Food, Fun in the Outdoors, Outfitters Gear, Kid Stuff, Nightlife, Where to Sleep, and more.
• Entries sortable by name, distance, price and neighborhood.
• One-click Web site and phone interface to buy tickets, peruse current menus, and more.
• Google maps with walking and driving directions for each entry.
• Podcasts featuring Sarah’s favorite restaurants, businesses and festival tips.
• Over 100MB of offline content that you can access anytime without an Internet connection.
• Direct links to Wikipedia, Yelp reviews or establishment’s Web sites (whichever is most useful to the user).
• The ability to share user comments and mark and save favorites.
• Fast browsing.
Check it out; at $2.99 it costs way less than a latte and it will last much longer! Buy it once and get free upgrades for life.
Who is Sarah Reiss, the author? Sarah Wetzel Reiss is a food, travel and lifestyle writer with over 100 articles in print on destinations from Big Bear to Barbados. She is a member of The Society of American Travel Writers (SATW) and makes life on the road look like a walk in the park. In addition to Telluride 365, Sarah is the author of Jacksonville Essential Guide iPhone app, Insiders' Guide: Jacksonville, 3rd ed. (Globe Pequot) - available on www.amazon.com - and two blogs: Puddle Jumping (www.sarahreiss.wordpress.com) and City Dish (www.CityDish.net). Her columns - "In Store", "The Thoughtful Traveler" and "10 Reasons to Love" - have appeared in magazines and newspapers from Palm Springs to Princeton. Sarah has been visiting Telluride since 1990 and counts it among her favorite spots in the country. To learn more about Sarah, visit www.sarahreiss.com.
To purchase the Telluride 365 iTunes app, visit http://sutromedia.com/apps/Telluride_365.
For more information on the Telluride area, or Telluride real estate, please contact me at buzz@fedorka.com or 970-728-1234.
Monday, August 9, 2010
Telluride Festival of the Arts Early Bird Specials!
From TMVOA:
Telluride Festival of the Arts
Celebrating Visual and Culinary Arts
August 13, 14, 15, 2010
The 2010 Telluride Festival of the Arts will once again delight both food and art lovers alike. Culinary enthusiasts and fine art aficionados come together to share a common passion for food, art and entertainment in Telluride Mountain Village, CO.
Highlights of the 2010 festival include the signature Grand Tasting and a nationally juried fine arts exhibit organized by the producers of the Cherry Creek Arts Festival, one of the nation's most well known and competitive juried arts festivals.
EARLY BIRD SPECIALS!
Grand Tasting with poster offer: Early bird pricing $80 until midnight August 11, $90 thereafter and on-site. This package includes rolled event poster of your choice: 2006, 2007, 2008, 2009 or 2010.
The Grand Tasting is the Festival's signature event! Enjoy the remarkable tastes of local restaurants, breweries, fine wineries and spirits for an evening of culinary and social celebration! First 400 online ticket buyers guaranteed very special commemorative wine glass.
IMPORTANT: Please note that TFA will be selling tickets on Oak Street at Station Telluride Monday, Tuesday and Wednesday 8/9, 8/10, 8/11. TFA will continue selling tickets 8/12 -- 8/14 in Mountain Village at the base of the stairs at the Heritage Plaza Gondola Station.
Click here for the 2010 TFA final schedule of events
INFO AND TICKETS: http://r20.rs6.net/tn.jsp?et=1103604709943&s=673&e=001EaQzMYwv450zu6sYGXC_-_IBEGoWSTqq-95m2ejyPzZ1SKf83b_X4zsT-19TlwWWbImua9MX8nZ5EY2dLKsfHUe_ACgf_nbNMyOLh7k-9Mhkh-YOddkfQg==
and http://r20.rs6.net/tn.jsp?et=1103604709943&s=673&e=001EaQzMYwv452z7WNepFEg9ppRjexnb5VLjYybJDxx2ezjDB10mO2fJ4Yeo_9ac7lxqmHHkviozWrAu7GFclVlJCz0L-BtNfjtQtlNFZJSWmNdQtOftNuyS0ys2kTPvmuw
TELLURIDE MOUNTAIN VILLAGE OWNERS ASSOCIATION
http://r20.rs6.net/tn.jsp?et=1103604709943&s=673&e=001EaQzMYwv453dLFqPSHVVsjMKlto1icJBgmIUVXiMNzxIp9ZvKucgUW9GZtJKK1_vL27bQ_V_qaOXr0IyeAj3lECxCO0OAGR5hLuiZbT0yEo=
For information on this event or Telluride real estate, please contact me at buzz@fedorka.com or 970-728-1234.
Telluride Festival of the Arts
Celebrating Visual and Culinary Arts
August 13, 14, 15, 2010
The 2010 Telluride Festival of the Arts will once again delight both food and art lovers alike. Culinary enthusiasts and fine art aficionados come together to share a common passion for food, art and entertainment in Telluride Mountain Village, CO.
Highlights of the 2010 festival include the signature Grand Tasting and a nationally juried fine arts exhibit organized by the producers of the Cherry Creek Arts Festival, one of the nation's most well known and competitive juried arts festivals.
EARLY BIRD SPECIALS!
Grand Tasting with poster offer: Early bird pricing $80 until midnight August 11, $90 thereafter and on-site. This package includes rolled event poster of your choice: 2006, 2007, 2008, 2009 or 2010.
The Grand Tasting is the Festival's signature event! Enjoy the remarkable tastes of local restaurants, breweries, fine wineries and spirits for an evening of culinary and social celebration! First 400 online ticket buyers guaranteed very special commemorative wine glass.
IMPORTANT: Please note that TFA will be selling tickets on Oak Street at Station Telluride Monday, Tuesday and Wednesday 8/9, 8/10, 8/11. TFA will continue selling tickets 8/12 -- 8/14 in Mountain Village at the base of the stairs at the Heritage Plaza Gondola Station.
Click here for the 2010 TFA final schedule of events
INFO AND TICKETS: http://r20.rs6.net/tn.jsp?et=1103604709943&s=673&e=001EaQzMYwv450zu6sYGXC_-_IBEGoWSTqq-95m2ejyPzZ1SKf83b_X4zsT-19TlwWWbImua9MX8nZ5EY2dLKsfHUe_ACgf_nbNMyOLh7k-9Mhkh-YOddkfQg==
and http://r20.rs6.net/tn.jsp?et=1103604709943&s=673&e=001EaQzMYwv452z7WNepFEg9ppRjexnb5VLjYybJDxx2ezjDB10mO2fJ4Yeo_9ac7lxqmHHkviozWrAu7GFclVlJCz0L-BtNfjtQtlNFZJSWmNdQtOftNuyS0ys2kTPvmuw
TELLURIDE MOUNTAIN VILLAGE OWNERS ASSOCIATION
http://r20.rs6.net/tn.jsp?et=1103604709943&s=673&e=001EaQzMYwv453dLFqPSHVVsjMKlto1icJBgmIUVXiMNzxIp9ZvKucgUW9GZtJKK1_vL27bQ_V_qaOXr0IyeAj3lECxCO0OAGR5hLuiZbT0yEo=
For information on this event or Telluride real estate, please contact me at buzz@fedorka.com or 970-728-1234.
Tuesday, August 3, 2010
Great Deal on Lumiere from Ski.com!
Visit Ski.com to view this incredible deal on lodging at the Lumiere Hotel in Telluride this early winter. Here are the details on this opportunity:
Available 11/25/2010 to 12/17/2010
From $696 per person
Early Booking Special - 4th night free
4 nights lodging, 2 bedroom
3-day lift tickets
Must book by 11/15/2010.
Quad occupancy - price per person (Price range reflects mid-week / weekend / seasonal travel. All packages subject to availability.) Discounted coach and business class air is available from most North American cities - please call Ski.com for a fare quote.
Of course, if during your stay, you decide you might like to own a little piece of Telluride, please call me about Telluride real estate at 970-728-1234 or email buzz@fedorka.com. Ski season is only 65 days away!!
Available 11/25/2010 to 12/17/2010
From $696 per person
Early Booking Special - 4th night free
4 nights lodging, 2 bedroom
3-day lift tickets
Must book by 11/15/2010.
Quad occupancy - price per person (Price range reflects mid-week / weekend / seasonal travel. All packages subject to availability.) Discounted coach and business class air is available from most North American cities - please call Ski.com for a fare quote.
Of course, if during your stay, you decide you might like to own a little piece of Telluride, please call me about Telluride real estate at 970-728-1234 or email buzz@fedorka.com. Ski season is only 65 days away!!
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