Author, adventurer and activist Greg Mortenson will return to Mountainfilm in 2010. We’re looking forward to getting an update on his adventures since he last passed through Telluride. Greg’s latest book, Stones into Schools, was just published and has been getting great reviews.
December 26 Telluride Fundraiser The Wildest Dream will be playing at the Sheridan Opera House in Telluride, Colorado on December 26. The film really has several plotlines, the primary one concerning legendary mountaineer George Mallory and his attempt to be the first person to climb Mt. Everest. It also tells the story of how longtime Mountainfilm guest Conrad Anker discovered Mallory’s body high on the mountain and his own attempt to summit Everest in the same style and manner as Mallory. Conrad will be in Telluride for the event and will answer questions after the film, so it promises to be a special evening. Tickets are $100, including an open bar reception, and you can see a trailer of the film here.
For more information on this or other Telluride events, Telluride homes, Telluride condos or Telluride land, contact Buzz Fedorka at buzz@fedorka.com. www.Fedorka.com.
Friday, December 18, 2009
Thursday, December 17, 2009
Telluride's Featured Property Listing of the Day
133 Arizona Street - $2,395,000
Lone Beaver Lodge is a 3-bedroom, 3-bath energy efficient cabin on a large wooded lot with a stream running through it, on a private street. Rustic accents throughout add to this fully custom-furnished home’s charm.
Please contact buzz@fedorka.com for more information on this home or other Telluride real estate information.
Wednesday, December 16, 2009
TELLURIDE, CO (Dec. 15) - Sunny Telluride opened its doors to the world's best snowboarders Tuesday as the LG FIS World Cup kicked off with the first of two parallel giant slalom competitions. Fraenzi Maegert-Kohli of Switzerland and Matthew Morison of Canada won the event while Michelle Gorgone (Boston) finished 11th for the U.S.
It was the first of five Olympic qualification events for the discipline.
Maegert-Kohli was followed in the women's results by Germany's Amelie Kober in second and Kimiko Zakreski of Canada in third.
"It was a very disappointing day from my side. We've had great support from Telluride with the training on the hill, so there are no excuses," U.S. Snowboarding Alpine Head Coach Jan Wengelin said.
Gorgone was the sole U.S. woman in the finals. The Bostonian was looking fast, but a problem took her out of the first run, landing her with a hefty time differential she was not able to make up, finishing in 11th."On the second run she made up a lot of time on the other rider's advantage, but it wasn't enough. Could she have made it? Yes, she could have," Wengelin said.
In the men's race Austria's Benjamin Karl was second and France rounded out the podium with Mathieu Bozzetto in third.
Justin Reiter (Steamboat Springs, CO) and Chris Klug (Aspen, CO) were each aiming for a podium finish for the home crowd but, after finishing a slim margin behind their counterparts in the first run, they were unable to catch up. Klug wound the day out in 15th and Reiter in 16th.
"It's there in all the athletes, but they just need a little bit of work and a little bit of confidence to go in the right direction," Wengelin said. "We've just got to look ahead to Thursday.
"The racing action in Telluride continues on Thursday with the second PGS competition and Visa Snowboardcross Cup races on Saturday.
Please contact buzz@fedorka.com for further Telluride real estate information.
It was the first of five Olympic qualification events for the discipline.
Maegert-Kohli was followed in the women's results by Germany's Amelie Kober in second and Kimiko Zakreski of Canada in third.
"It was a very disappointing day from my side. We've had great support from Telluride with the training on the hill, so there are no excuses," U.S. Snowboarding Alpine Head Coach Jan Wengelin said.
Gorgone was the sole U.S. woman in the finals. The Bostonian was looking fast, but a problem took her out of the first run, landing her with a hefty time differential she was not able to make up, finishing in 11th."On the second run she made up a lot of time on the other rider's advantage, but it wasn't enough. Could she have made it? Yes, she could have," Wengelin said.
In the men's race Austria's Benjamin Karl was second and France rounded out the podium with Mathieu Bozzetto in third.
Justin Reiter (Steamboat Springs, CO) and Chris Klug (Aspen, CO) were each aiming for a podium finish for the home crowd but, after finishing a slim margin behind their counterparts in the first run, they were unable to catch up. Klug wound the day out in 15th and Reiter in 16th.
"It's there in all the athletes, but they just need a little bit of work and a little bit of confidence to go in the right direction," Wengelin said. "We've just got to look ahead to Thursday.
"The racing action in Telluride continues on Thursday with the second PGS competition and Visa Snowboardcross Cup races on Saturday.
Please contact buzz@fedorka.com for further Telluride real estate information.
Thursday, December 10, 2009
New Premiere Mountain Village/Telluride Home Listing
184 Butch Cassidy Drive – $15,000,000
With unparalleled privacy and unobstructed 200° views, this slope-side home in a forested setting is a superb contemporary architectural statement embodying exceptional design elements: 5 bedrooms, 6.5 baths, ski funicular, spa/exercise wing, wine tunnel, elevated tree deck, wood-burning fireplaces, smart systems, theater, fully furnished, guest house and oversized garage on a private cul-de-sac. Please go to http://www.184butchcassidydrive.com/ for further detail.Please contact buzz@fedorka.com for further information on this premier Mountain Village real estate listing.
Monday, December 7, 2009
Wealthy Investors Plan to Buy More Real Estate
By Peter Woodifield
Nov. 30 (Bloomberg) -- Individuals with more than $800,000 to invest plan to increase their property holdings because they foresee better long-term returns than from stocks and bonds, according to a Barclays Plc global survey.
Twice as many people plan to raise their investment in commercial and residential property as intend to reduce it, the Barclays Wealth unit said in an e-mailed statement today. The richer the individual, the greater the proportion of wealth is placed in real estate, the survey found.
“I was surprised how big a share of their wealth property represents,” Mike Dicks, the London-based head of research at Barclays Wealth, said in an interview. “It’s not what I would tell grandma. None of our data suggests that would be a good allocation.”
The global recession pushed down commercial and residential real estate prices in every region except Asia. The value of U.S. shops, offices and warehouses fell 21 percent in the first three quarters of this year, following a 12 percent decline in 2008. Belief that properties are now undervalued was the second most common reason cited for increasing investment.
Real estate investment among wealthy individuals is set to rise to 30 percent of the average portfolio for the next few years from 28 percent now, according to the survey. That excludes properties used as a principal residence. Most rich people, other than the extremely wealthy, should have no more than 10 percent of their assets in property, said Dicks.
‘Emotional Attachment’
“An emotional attachment to bricks and mortar,” can mean that rich investors are often unwilling to sell real estate at short notice and may be less rigorous in measuring its performance as an asset, according to the report.
Investors from Canada and the Persian Gulf were the most likely to increase their property allocations, with an average rise of 4 percent, the report said. Spain was the only country in the survey where more individuals said they would reduce the proportion of real estate investment, said the wealth management division of London-based Barclays. About 60 percent of rich individuals in that country have more than half their assets in property.
Almost 30 percent of British and Indian investors have more than half their wealth tied up in real estate. About 40 percent of the total respondents worth more than 30 million pounds ($49 million) have a similar allocation, Barclays Wealth said.
U.S. Attractive
Three out of four investors surveyed said residential property is looking attractive and two-thirds are keen to explore investing in commercial real estate, the survey said. About 75 percent said they feel hampered by borrowing costs.
The U.S. was the most attractive real estate market for investors outside their home country, the survey showed. The country was seen as having the highest potential for return on investment.
Barclays Wealth surveyed 2,000 people. Forty percent were worth 500,000 pounds to 1 million pounds. An additional 40 percent were worth between 1 million pounds and 10 million pounds. Ten percent had assets of as much as 30 million pounds and the rest were wealthier than that.
Please contact buzz@fedorka.com for Telluride real estate information.
Nov. 30 (Bloomberg) -- Individuals with more than $800,000 to invest plan to increase their property holdings because they foresee better long-term returns than from stocks and bonds, according to a Barclays Plc global survey.
Twice as many people plan to raise their investment in commercial and residential property as intend to reduce it, the Barclays Wealth unit said in an e-mailed statement today. The richer the individual, the greater the proportion of wealth is placed in real estate, the survey found.
“I was surprised how big a share of their wealth property represents,” Mike Dicks, the London-based head of research at Barclays Wealth, said in an interview. “It’s not what I would tell grandma. None of our data suggests that would be a good allocation.”
The global recession pushed down commercial and residential real estate prices in every region except Asia. The value of U.S. shops, offices and warehouses fell 21 percent in the first three quarters of this year, following a 12 percent decline in 2008. Belief that properties are now undervalued was the second most common reason cited for increasing investment.
Real estate investment among wealthy individuals is set to rise to 30 percent of the average portfolio for the next few years from 28 percent now, according to the survey. That excludes properties used as a principal residence. Most rich people, other than the extremely wealthy, should have no more than 10 percent of their assets in property, said Dicks.
‘Emotional Attachment’
“An emotional attachment to bricks and mortar,” can mean that rich investors are often unwilling to sell real estate at short notice and may be less rigorous in measuring its performance as an asset, according to the report.
Investors from Canada and the Persian Gulf were the most likely to increase their property allocations, with an average rise of 4 percent, the report said. Spain was the only country in the survey where more individuals said they would reduce the proportion of real estate investment, said the wealth management division of London-based Barclays. About 60 percent of rich individuals in that country have more than half their assets in property.
Almost 30 percent of British and Indian investors have more than half their wealth tied up in real estate. About 40 percent of the total respondents worth more than 30 million pounds ($49 million) have a similar allocation, Barclays Wealth said.
U.S. Attractive
Three out of four investors surveyed said residential property is looking attractive and two-thirds are keen to explore investing in commercial real estate, the survey said. About 75 percent said they feel hampered by borrowing costs.
The U.S. was the most attractive real estate market for investors outside their home country, the survey showed. The country was seen as having the highest potential for return on investment.
Barclays Wealth surveyed 2,000 people. Forty percent were worth 500,000 pounds to 1 million pounds. An additional 40 percent were worth between 1 million pounds and 10 million pounds. Ten percent had assets of as much as 30 million pounds and the rest were wealthier than that.
Please contact buzz@fedorka.com for Telluride real estate information.
Thursday, December 3, 2009
Telluride's Featured Property Listing of the Day
210 Basque Road, Aldasoro Ranch - $2,996,000
This property at sunny Aldasoro Ranch is an architectural masterpiece with an open, spacious design and many thoughtful design and construction details; the home also sits on 3.11 very private acres, adjacent to 13 acres of open space, with true 360-degree views and all-day sun. Two-story vaulted windows line the southern exposure and capture breathtaking views of the Wilsons, the ski area and the Telluride box canyon. 6 bedrooms and 4.5 baths (workshop/rec room is plumbed for 5th bath and/or kitchen, so could be 7th bedroom or caretaker unit). Interior features include a two-story stone fireplace, sunken great room with wet bar, elevated gourmet kitchen with custom cabinetry, and extensive patios. Deer, elk and other wildlife abound in the front yard. Please contact buzz@fedorka.com for information on the above property or any real estate information.
Tuesday, December 1, 2009
Telluride Market Update
Telluride Continues to Plug Away
Numbers Down but Notable Sales and National Predictions Encouraging
In a nutshell, Telluride is getting through it like everyone else. On account of the current state of the economy, or rather where it was during the first two quarters of 2009, real estate activity slowed considerably. After a string of high marks between 2000 and 2007, with the latter reaching record heights by year’s end ($710 million in total dollar volume),numbers changed significantly in 2008 and thus far in 2009. According to data compiled by the Telluride Association of Realtors. (TAR), overall figures between January and June 2009 were $80 million in total dollar volume, distributed over 105 total transactions. This is 54% lower than the first two quarters of 2008, which totaled $174 million and noticeably lower than earlier in the
decade when property values were less. TAR’s figures encompass the greater Telluride region, including San Miguel County, as well as occasional out-of-county sales (i.e. Montrose, Ridgway, and other communities).
But with a little optimism and acknowledgement that ebbs and flows are the nature of the real estate beast (albeit this ebb is a tad more drastic), it’s still possible to find a silver lining behind this dark cloud.
First of all, resort economies, once largely sellers’ markets, are now giving buyers a chance. With ample inventory to choose from and low interest rates, it’s a good time to make a purchase. Secondly, Telluride has endured negative market effects now for roughly 18 months. Certain experts predict the tides may start turning. The Wall Street Journal stated in a June 3, 2009 article, “In another sign that the housing market may have begun to recover, the number of people who signed contracts to purchase homes increased for the third month in a row.” The piece included data from the National Association of Realtors, which said its pending home sales index rose 6.7% from March (84.6) to April (90.3), and Joshua Shapiro, an economist with MFR, the Manhattan global economic consulting firm, was quoted: “Clearly, within the next couple of
months there’s going to be a decent increase in actual homes sales.” On another note, the
widely recognized financial analyst, Mad Money’s Jim Cramer, predicted back in September 2008 that the housing market would bottom in the third quarter of 2009
(read more at: http://skiresortmarkets.com).
As for Jim Cramer, he likely has as many foes as fans, but it would be comforting, nonetheless, if his prediction is correct. Perhaps the first two quarters of the year can be chalked up as part of the trip toward bottom, and the worst might in fact be over.
Please contact buzz@fedorka.com for further detail on the above article or about other real estate opportunities in Telluride.
Numbers Down but Notable Sales and National Predictions Encouraging
In a nutshell, Telluride is getting through it like everyone else. On account of the current state of the economy, or rather where it was during the first two quarters of 2009, real estate activity slowed considerably. After a string of high marks between 2000 and 2007, with the latter reaching record heights by year’s end ($710 million in total dollar volume),numbers changed significantly in 2008 and thus far in 2009. According to data compiled by the Telluride Association of Realtors. (TAR), overall figures between January and June 2009 were $80 million in total dollar volume, distributed over 105 total transactions. This is 54% lower than the first two quarters of 2008, which totaled $174 million and noticeably lower than earlier in the
decade when property values were less. TAR’s figures encompass the greater Telluride region, including San Miguel County, as well as occasional out-of-county sales (i.e. Montrose, Ridgway, and other communities).
But with a little optimism and acknowledgement that ebbs and flows are the nature of the real estate beast (albeit this ebb is a tad more drastic), it’s still possible to find a silver lining behind this dark cloud.
First of all, resort economies, once largely sellers’ markets, are now giving buyers a chance. With ample inventory to choose from and low interest rates, it’s a good time to make a purchase. Secondly, Telluride has endured negative market effects now for roughly 18 months. Certain experts predict the tides may start turning. The Wall Street Journal stated in a June 3, 2009 article, “In another sign that the housing market may have begun to recover, the number of people who signed contracts to purchase homes increased for the third month in a row.” The piece included data from the National Association of Realtors, which said its pending home sales index rose 6.7% from March (84.6) to April (90.3), and Joshua Shapiro, an economist with MFR, the Manhattan global economic consulting firm, was quoted: “Clearly, within the next couple of
months there’s going to be a decent increase in actual homes sales.” On another note, the
widely recognized financial analyst, Mad Money’s Jim Cramer, predicted back in September 2008 that the housing market would bottom in the third quarter of 2009
(read more at: http://skiresortmarkets.com).
As for Jim Cramer, he likely has as many foes as fans, but it would be comforting, nonetheless, if his prediction is correct. Perhaps the first two quarters of the year can be chalked up as part of the trip toward bottom, and the worst might in fact be over.
Please contact buzz@fedorka.com for further detail on the above article or about other real estate opportunities in Telluride.
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