Telluride Q1 2023 Market Update
This current market segment experienced strong upward movement in value for the years of 2020-2022 and several properties traded during this timeframe. During this timeframe, we saw a shortage of new available properties in this market segment and this drove pricing upward. The momentum has slowed considerably however market values are currently stable due to leveling in the economic health and a continued shortage of properties for sale.
| 2022 Q1 | 2023 Q1 | %+- | |
| Commercial Sales Volume | $29,028,605.94 | $5,280,000 |
|
| Commercial Transactions | 21 | 5 |
|
| VACANCY RATE | n/a | n/a | |
| CAP RATE | TBD | TBD | |
| SALES TAX INDICATORS | |||
| All Sales Tax | $10,940,809 | $3,603,117 | |
| Lodging Taxes | $576,111 | $194,010 |
