Published October 14, 2025
September 2025 Telluride Market Report
The September 2025 Real Estate Market Sales Report highlights shifting dynamics across San Miguel County, including Telluride and Mountain Village. Overall market activity shows a blend of cooling trends in unit sales and rising values among high-end properties.
Market Overview
Total monthly dollar volume rose 23% year-over-year, from $106.31 million in September 2024 to $131.11 million this year, even as the number of transactions dropped 15%. Year-to-date, total dollar volume declined 19%, and unit sales slipped 4%, signaling fewer but larger deals.
Area Insights
In Telluride, year-to-date dollar sales decreased by 28%, while single-family homes gained 6% in price per square foot, and condos saw a modest 2% decline.
Mountain Village experienced a sharp 57% increase in monthly dollar sales, despite a 28% decline in transactions. Condo prices per square foot climbed 11%, offsetting slight decreases for single-family homes.
The Luxury Market
The $5 million+ luxury segment continues to shine. Despite a 35% decline in YTD transactions, monthly sales dollars jumped 63%, and average prices rose 7%. High-end buyers remain active, underscoring Telluride’s enduring appeal in the ultra-luxury space.
Vacant Land & Development
Vacant property sales declined sharply, down 67% in Telluride and 33% in Mountain Village. However, development remains strong, led by the Four Seasons project on Lot 161CR in Mountain Village, which is now under construction with 25% of the units pre-sold and penthouses priced between $22 million and $30 million.
Market Conditions
Rising interest rates, tighter budgets, and limited inventory continue to pressure the mid-market segment. Still, the luxury tier remains resilient, supported by cash buyers and limited supply of premium listings.
Pricing Trends
Single-family homes in Telluride averaged $2,321 per square foot, while Mountain Village saw a slight dip to $1,596. Condo values diverged—Telluride declined to $2,016 per square foot, while Mountain Village increased to $1,463.
Takeaway
While the broader market shows signs of moderation, Telluride’s luxury sector remains strong. Accurate, data-driven insights remain essential for buyers, sellers, and investors navigating this evolving market.
Please don’t hesitate to reach out with any questions or for more detailed market insights.
Best regards,
Ken
Ken
(970) 708-5601
View the September 2025 Telluride Real Estate Market Report
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