• 27 total sales | $53.84M in dollar volume
• Unit sales down 7% year-over-year, while dollar volume increased 3–5%

Activity remains below the five-year January average, down 31% in transactions and 23% in dollar volume. This is less a demand issue and more a story of quality inventory, limited supply, and pricing strength.

Market Highlights by Area

Telluride

• Sales dipped slightly (9 to 8), but dollar volume surged 39% to $28.7M
• Median pricing moved meaningfully higher

Mountain Village

• Sales increased 33% (9 to 12)
• Dollar volume up 8%, though median pricing softened

Remainder of County

• Sales down 36%
• Dollar volume down 45%, reflecting softer pricing and reduced buyer engagement

Year-to-Date Pricing Trends

• Telluride: +57%
• Countywide: +11%
• Mountain Village: –19%
• Remainder of County: –13%

Looking Ahead

• Pricing remains supported by new luxury development, not transaction volume

Four Seasons Resort, Mountain Village

• 52 hotel keys and 69 residences
• Substantial presales at $4,000+ per square foot

The Highline

• 16-unit slopeside project
• 12 of 16 units presold in a supply-constrained market

Bottom Line

• Lower transaction counts, but resilient pricing
• New luxury inventory is setting higher benchmarks for best-in-class, well-located properties in Telluride and Mountain Village

Please don’t hesitate to contact me if you have questions about January’s Market Report or would like information about specific areas or opportunities.

Best regards,

Ken
970.708.5601
[email protected]