June 2025 Telluride Market Report

As of June 2025, San Miguel County recorded $358.51 million in total real estate sales from 213 transactions. In Telluride, single-family home sales totaled $37.5 million across 10 transactions. Mountain Village was led by condominium and half-duplex sales, reaching $46.1 million from 20 transactions. These figures do not include strong pre-sales activity at the Four Seasons and Highline developments, both of which are setting record-breaking prices per square foot.

A notable transaction includes a Mountain Village home listed at $41 million, currently under contract. If closed, it will surpass the current record home sale of $20 million in the Mountain Village.

Year-to-date dollar volume is down 29% compared to both 2024 and the five-year average, signaling a market correction following the post-pandemic surge. However, transaction volume remains relatively stable, down only 1% year-over-year—again, excluding pre-sales from new luxury projects.

Price-per-square-foot trends show slight shifts in valuation. In Telluride:

• Single-family homes: down from $2,115 to $2,074

• Condominiums: down from $2,015 to $1,996

In contrast, Mountain Village has seen modest appreciation:

• Single-family homes: up from $1,510 to $1,558

• Condominiums: up from $1,320 to $1,543

These figures reflect existing inventory, while new luxury offerings are achieving between $2,700 and $4,000 per square foot. Despite declines in dollar volume—28% in Telluride and 33% in Mountain Village—the number of sales has seen only modest reductions.

Please don’t hesitate to reach out with any questions or for more detailed market insights.

Ken

(970) 708-5601

ken@grodbergrealestate.com

View the Full June 2025 Telluride Real Estate Market Report