At a vital stage in its development, with more than three quarters of the town built out, the Town of Mountain Village must decide where they want to be in the future. A 15-year-plan task force was therefore formed in the fall of 2008 to develop a meaningful plan for the town to bring the community’s diverse ideas and viewpoints into the process.
The town unveiled its plan on Thursday, August 13th with a public “Big Opportunities Workshop and Open House.” Planning consultants EDAW Inc, an international multi-disciplinary firm that combines design, environment, economics and planning, has been retained to evaluate specific ways to accomplish the ideas. Now that the two-year task force has completed a cohesive visioning process, the time has come to make those concepts into a tangible plan. This workshop was the first step and the next step will be presented to the public in October
10 vision statements won approval and were adopted; you can find more detail on these at www.TownOfMountainVillage.com. They include a call for more vibrancy in the Village center with additional hotel rooms, more parking, a larger retail area and extra employee housing. All are designed to boost occupancy and retail sales, to make the area more user-friendly for commercial and retail operations and to better learn and use resort economics to the town’s advantage. Also under consideration are adding parks, and re-zoning certain land--some of which is currently open space--to offer more density in the areas between the Meadows neighborhood near the driving range and the entry. A suggestion for the gondola to arrive in the retail core area itself rather than on the plaza above it is an interesting idea to get more foot traffic to the “right places.”
Also on the table is an Ecosign Core Revitalization Project to help create a model of economic vitality and infuse the heart of the Mountain Village. The task force and resulting plans has so far been accomplished at a cost of $500,000, paid by Mountain Village Owners’ Association (MVOA). For further information or to add your ideas, please contact me at buzz@fedorka.com.
Monday, August 17, 2009
Friday, August 14, 2009
2009 Telluride Festival of the Arts, this weekend August 14th – 16th
Mountain Village Owners’ Association offers delights for those with a common passion for food, art and entertainment with an exciting array of renowned chefs and restaurants; live music; food, wine & spirits seminars; cooking demonstrations as well as an open-to-the-public, nationally juried arts show and much, much more.
Features this year:
Bravo TV’s top chef winner Hosea Rosenberg
Nationally juried art exhibits by 50 national and regional artists in 13 different media
Interactive chef demonstrations
Signature grand tasting
Free concert with Grammy nominated Joan Osborne on the Sunset Concert Stage on Friday
For more info, visit www.TellurideFest.com or contact me at buzz@fedorka.com.
Features this year:
Bravo TV’s top chef winner Hosea Rosenberg
Nationally juried art exhibits by 50 national and regional artists in 13 different media
Interactive chef demonstrations
Signature grand tasting
Free concert with Grammy nominated Joan Osborne on the Sunset Concert Stage on Friday
For more info, visit www.TellurideFest.com or contact me at buzz@fedorka.com.
Thursday, August 13, 2009
Telluride Wilkinson Library receives 5 Stars
The Telluride Wilkinson Library recently received a 5 star rating by the Library Journal as one of the best used libraries in the country. The Institute of Museum and Library Services rated 7,115 public libraries and only 256 libraries received star ratings.
The libraries are rated per four measures—circulation, visits, program attendance and public Internet uses per capita. The top libraries in each category, organized by ranges of operating expenditures, were then assigned five, four, or three stars. Only 7 libraries in Colorado garnered stars and only 3 received 5 stars.
The Telluride Wilkinson Library also received the second highest score in the nation within its budget category for total operating expenditures which is the second highest score in the nation. Telluride should be proud to have one of the top recognized libraries in the country. For more info go to www.TellurideLibrary.org or me at buzz@fedorka.com.
The libraries are rated per four measures—circulation, visits, program attendance and public Internet uses per capita. The top libraries in each category, organized by ranges of operating expenditures, were then assigned five, four, or three stars. Only 7 libraries in Colorado garnered stars and only 3 received 5 stars.
The Telluride Wilkinson Library also received the second highest score in the nation within its budget category for total operating expenditures which is the second highest score in the nation. Telluride should be proud to have one of the top recognized libraries in the country. For more info go to www.TellurideLibrary.org or me at buzz@fedorka.com.
Monday, August 10, 2009
Telluride Real Estate Corp. and Buzz Fedorka announce new affiliation:
Despite being one of the oldest real estate brokerages in the Telluride region, Telluride Real Estate Corp. is dedicated to remaining on the cutting edge of marketing, technology, and competition. That’s why, when recently invited to join Leading Real Estate Companies of the World as Telluride’s sole affiliate, we jumped at the chance.
Initially formed in 1963 as a referral network, Leading Real Estate Companies of the World has evolved into the leading business affiliation for independent, non-franchised real estate companies. According to REAL Trends Top 500 survey, Leading Real Estate members led in total 2008 sales among the 500 highest-producing residential real estate firms in the U.S. who reported to the survey. Representing over 555,000 closed transactions, Leading R.E. closed 130,000 more sales than its closest national franchise competitor. Furthermore, Leading R.E. member offices were the market leaders in more markets than any other national brand. As noted by Leading R.E. CEO Pam O’Connor, “even in these challenging economic times, our strong locally branded brokerage companies continue to set the pace.”
Of course, the luxury auction house affiliation model has proven to be highly successful, but we are now able to better serve our clients by expanding our reach even further through the addition of this new affiliation. Leading Real Estate Companies’ website network receives more traffic than the network of our strongest local competitor, and is far-reaching with offices in 38 countries. In a U.S. market that has been experiencing huge growth in sales to international buyers, aligning ourselves with brokerage firms in other countries is more important than ever. The unique opportunity that has been offered to us to couple our Christie’s Great Estates affiliation with that of Leading Real Estate Companies of the World affords us the opportunity to offer our clients unparalleled marketing of TREC listings on a global scale, as well as a referral network that spans the world with over 170,000 sales associates and 40,000 broker-to-broker referrals annually.
As a non-franchised independent brokerage firm, our affiliations provide a competitive advantage in the Telluride market with, nationally franchised competitors. We are thrilled to be rolling out our new affiliation and look forward to offering its benefits to our clients. Look soon for all TREC and my listings to appear on http://www.relohomesearch.com/ and http://www.relodirect.com/, both of which have exceptional web traffic. Additionally, please contact me at buzz@fedorka.com should you find yourself seeking assistance in buying or selling a home in another area—with affiliations with both Christie’s Great Estates and Leading Real Estate Companies of the World, we will be able to match you with an agent to suit all of your needs.
Initially formed in 1963 as a referral network, Leading Real Estate Companies of the World has evolved into the leading business affiliation for independent, non-franchised real estate companies. According to REAL Trends Top 500 survey, Leading Real Estate members led in total 2008 sales among the 500 highest-producing residential real estate firms in the U.S. who reported to the survey. Representing over 555,000 closed transactions, Leading R.E. closed 130,000 more sales than its closest national franchise competitor. Furthermore, Leading R.E. member offices were the market leaders in more markets than any other national brand. As noted by Leading R.E. CEO Pam O’Connor, “even in these challenging economic times, our strong locally branded brokerage companies continue to set the pace.”
Of course, the luxury auction house affiliation model has proven to be highly successful, but we are now able to better serve our clients by expanding our reach even further through the addition of this new affiliation. Leading Real Estate Companies’ website network receives more traffic than the network of our strongest local competitor, and is far-reaching with offices in 38 countries. In a U.S. market that has been experiencing huge growth in sales to international buyers, aligning ourselves with brokerage firms in other countries is more important than ever. The unique opportunity that has been offered to us to couple our Christie’s Great Estates affiliation with that of Leading Real Estate Companies of the World affords us the opportunity to offer our clients unparalleled marketing of TREC listings on a global scale, as well as a referral network that spans the world with over 170,000 sales associates and 40,000 broker-to-broker referrals annually.
As a non-franchised independent brokerage firm, our affiliations provide a competitive advantage in the Telluride market with, nationally franchised competitors. We are thrilled to be rolling out our new affiliation and look forward to offering its benefits to our clients. Look soon for all TREC and my listings to appear on http://www.relohomesearch.com/ and http://www.relodirect.com/, both of which have exceptional web traffic. Additionally, please contact me at buzz@fedorka.com should you find yourself seeking assistance in buying or selling a home in another area—with affiliations with both Christie’s Great Estates and Leading Real Estate Companies of the World, we will be able to match you with an agent to suit all of your needs.
Friday, August 7, 2009
Town of Telluride passes long awaited “Valley Floor” conservation easement
The Town of Telluride “Valley Floor” is now officially “Forever Wild”. Yesterday the Town passed a conservation easement that will preserve the 570-acres at the entry to the Town of Telluride that will keep the land as open space in perpetuity.
The conservation easement sets out permanent rules for what can and cannot be done on the property. It prohibits things like commercial construction, paving, mining and subdivisions. It allows uses such as hiking, biking and remediation. The land will be held in the land trust called The San Miguel Conservation Foundation.
This land has been set aside after years of contentious elections, raging public debate and a purchase price of $50 million to the previous owners who could have developed it into sixteen 35-acre parcels for single family homes. Email me at buzz@fedorka.com with any comments.
The conservation easement sets out permanent rules for what can and cannot be done on the property. It prohibits things like commercial construction, paving, mining and subdivisions. It allows uses such as hiking, biking and remediation. The land will be held in the land trust called The San Miguel Conservation Foundation.
This land has been set aside after years of contentious elections, raging public debate and a purchase price of $50 million to the previous owners who could have developed it into sixteen 35-acre parcels for single family homes. Email me at buzz@fedorka.com with any comments.
Thursday, August 6, 2009
Telluride Ski Resort adds new mountain bike trails
Telluride Ski & Golf Company is adding two new mountain bike trails on the mountain this summer to be finished hopefully this August. Along with a $55,000 gift from the Mountain Village Owner’s Association (MVOA), a large team of young volunteers is creating a network of new mountain bike trails. TelSki provides free gondola rides for mountain bikers to access these trails.
The trails will cross Misty Maiden, See Forever and Butterfly ski runs and will be about three miles long. The existing Full Tilt trail graded as a “double black” according to the International Mountain Biking Association will be augmented by an as yet unnamed “single black” trail and the third will be a “blue” trail tentatively named No Brainer.
Telluride has an advantage over most ski areas insofar as our gondola that accesses these trails is free and stays open later than ski lifts that access trails in other resorts. The bike trails park will be open from 7 am until sunset. This is another piece of new infrastructure that keeps Telluride on top in North America. Email buzz@fedorka.com for further information.
The trails will cross Misty Maiden, See Forever and Butterfly ski runs and will be about three miles long. The existing Full Tilt trail graded as a “double black” according to the International Mountain Biking Association will be augmented by an as yet unnamed “single black” trail and the third will be a “blue” trail tentatively named No Brainer.
Telluride has an advantage over most ski areas insofar as our gondola that accesses these trails is free and stays open later than ski lifts that access trails in other resorts. The bike trails park will be open from 7 am until sunset. This is another piece of new infrastructure that keeps Telluride on top in North America. Email buzz@fedorka.com for further information.
Wednesday, August 5, 2009
Telluride real estate--Are we in the perfect buyer’s market?
After three-and-a -half decades of Telluride (and Aspen) real estate experience, I believe conventional wisdom would say that is the case. Although we will never know for certain that a bottom has been reached until we look into a rear view mirror, the signs for a thawing in the marketplace are very real.
· Nearly 80% of all real estate buyers begin a search through the internet and my inquiry traffic has increased dramatically in the past 90 days.
· Showing appointments have also increased dramatically to qualified buyers with renewed confidence in the Telluride market and its lifestyle.
· Gross dollar sales increased in the second quarter of 2009 by 10%.
· Five homes in Telluride Mountain Village sold in the second quarter of this year at an average of $4 million versus just one home in the first quarter.
· Although our most current recession has much greater depth and severity than those I have experienced in the past, Telluride has historically recovered quickly with double digit inflation.
That being said, there are select sellers in the market wanting liquidity who are willing to discount in the range of 15 - 25% (2004 - 2005 values) on highly desirable opportunities. While many owners with excellent staying power who resist discounting are helping to prop up values, it cannot be ignored that there are numerous incredible values to be had. In a market characterized as one with very limited inventory where demand for the Telluride lifestyle has always outstripped supply, overall inventory has swelled presenting prospective purchasers with a wide range of attractive alternatives. Email me for details at buzz@fedorka.com.
I am frequently asked, “Are we at the bottom? Is now the time to cut the best deal?” My response is fairly simple. If your family desires our lifestyle, there is never a bad time to invest in Telluride real estate. You can wait a few months and maybe save a few more percentage points, but your investment today is enjoyed immediately and any “wait and see” savings, if realized, will be recovered in the very near term. There is the distinct possibility, according to well documented historical data, that our unique little marketplace will cost a great deal more for those who wait for a home run.
Remember, there are 4,000 happy Telluride property owners who are very pleased with the performance of their holdings here and not so happy with their paper or other investments.
· Nearly 80% of all real estate buyers begin a search through the internet and my inquiry traffic has increased dramatically in the past 90 days.
· Showing appointments have also increased dramatically to qualified buyers with renewed confidence in the Telluride market and its lifestyle.
· Gross dollar sales increased in the second quarter of 2009 by 10%.
· Five homes in Telluride Mountain Village sold in the second quarter of this year at an average of $4 million versus just one home in the first quarter.
· Although our most current recession has much greater depth and severity than those I have experienced in the past, Telluride has historically recovered quickly with double digit inflation.
That being said, there are select sellers in the market wanting liquidity who are willing to discount in the range of 15 - 25% (2004 - 2005 values) on highly desirable opportunities. While many owners with excellent staying power who resist discounting are helping to prop up values, it cannot be ignored that there are numerous incredible values to be had. In a market characterized as one with very limited inventory where demand for the Telluride lifestyle has always outstripped supply, overall inventory has swelled presenting prospective purchasers with a wide range of attractive alternatives. Email me for details at buzz@fedorka.com.
I am frequently asked, “Are we at the bottom? Is now the time to cut the best deal?” My response is fairly simple. If your family desires our lifestyle, there is never a bad time to invest in Telluride real estate. You can wait a few months and maybe save a few more percentage points, but your investment today is enjoyed immediately and any “wait and see” savings, if realized, will be recovered in the very near term. There is the distinct possibility, according to well documented historical data, that our unique little marketplace will cost a great deal more for those who wait for a home run.
Remember, there are 4,000 happy Telluride property owners who are very pleased with the performance of their holdings here and not so happy with their paper or other investments.
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