The O'Neill Stetina Group's quick market update... View this email in your browser

Telluride Real Estate Market Update

The Telluride real estate market continues to show increased strength as the volume ofsales improves 8% over last year when you exclude last years sale of the Hotel Madeline.Lodging and sales taxes have had record years thus far as the region proved popular withskiers and summer visitors. Much of this is attributed to the strength of the economy, butalso the improved access with constantly upgraded air service into Montrose and otherregional airports.

Real estate market indicators were positive with YTD highlights as follows:

Inventories in general are down 16.7%, with homes in Town becoming scarce andcondos in Town somewhat limited.Market-wide percentage of list price received has increased from 90% to 93% overlast year.Condo sales in general increased 17% over last year; Town at 14% and MV at 12%.Median sale price of condos increased 7.7%.Market-wide median sale price increased 4.5%.

Median sales price for MV homes jumped 44%, percent of list price receivedincreased 5% and days on market decreased 18%, as MV homes show signs of acomeback.Median sales price for MV condos jumped 43%.Condo sales in Town were the most active market segment with 71 sales and MVcondo sales second with 39 sales.

Please feel free to contact me for more details on the market.

WINTER FLIGHT SCHEDULEDirect flights into Montrose from Dallas,Phoenix, Chicago, Los Angeles, Atlanta,Denver, Houston, New York, Newark, SanFrancisco, & Las Vegas.Click Here for Schedules.

TELLURIDE FILM FESTIVAL REVIEWStar performances, stirring films, & aleavening of comedy were all in this year’sFilm Festival, with offerings that included‘Steve Jobs,’ ‘Black Mass’ & more.Click Here to Read WSJ Article.

TMVOA PURCHASES LOT FOR HOTELTelluride Mountain Village OwnersAssociation purchased Lot 161C-R, twolots in the Ridge subdivision and 36.125units of condo density for $8.1M.Click Here to Read Article.

SKI MAGAZINE VOTES TELLURIDE #4RESORT IN THE WESTTelluride Ski Resort was voted the #4 SkiResort in the West by SKI Magazinereaders for their 2015-2016 survey.Click Here to Read Article.

TELLURIDE TRAILS SURVEYTelluride Mountain Club, whose mission isto preserve public access for recreation,just released a survey that aims to discernwhat locals and visitors want out of trails. Click Here for Article & To Take Survey.

NOW IS TIME TO BORROW MONEYThe Telluride market remains strong, duein part to cheap money and peoplemoving money out of the stock market intohard assets.Click Here to Read MSN Article.

Hope to see you in Telluride soon ...

Brian O'Neill, DirectorTelluride Properties970.708.5367, cellbrian@oneillstetina.com

Marty Stetina, BrokerTelluride Properties970.708.4504, cellmarty@oneillstetina.com

Visit our website www.ONeillStetina.com

237 South Oak Street @ the Telluride Gondola

Copyright © 2015 Telluride Properties, All rights reserved.

unsubscribe from this list update subscription preferences