Telluride Fine Properties

Telluride Loses another Landmark

A bit of the culture, a bit of our history, a bit of ourselves was lost when our beloved B.I.T. burned to the ground. Baked in Telluride was lost to fire last month. Telluride’s oldest restaurant, a stalwart of the old school Telluride is gone. The best bagels, the best pizza, my morning coffee, the first stop after school for our kids. We'll miss you B.I.T.

New stairway to Heaven

The newest addition to the Telluride Ski Resort has a French accent. The ski area just installed 126 feet of stairs and bridge designed to give skiers unprecedented access across the gulf between Gold Hill Chutes 8 & 9. The access to the Gold Hill Chutes was improved this summer when they blasted a road up above the revelation lift which gives snowcats the opportunity to groom a trail all the way across the ridge. Dave Reilly and the ski company are really opening some extraordinary terrain. I hope you get a chance to experience it this season.

Phish Coming to Town Park

The Sheriff is already getting calls about Phish coming to town. Of course he is, people are asking him for tickets! While we lost a landmark and a throwback to our roots when we lost the B.I.T. last month, we maintain our character and traditions when we book a group like Phish in town park. It has been 30 years since the Grateful Dead played town park and it is a pleasure to maintain that type of gathering in Telluride. The jam band announced a two night stint in Telluride August 9 & 10.

Market Update

Not out of the Woods, But Gaining Momentum

It appears things might start turning around in the national real estate world. Altos Research reported on December 28, 2009 that "Inventory in the resale market continues its steady decline after peaking in the fall of 2008, and while new sellers entering the market are pricing at consistently lower levels, indicating general market weakness, the percentage of sellers with price reductions is also falling, indicating that sellers who have been on the market are feeling more confident of receiving their ask price." Read More >>

Featured Properties

Village Founders Retreat – 121 Yellow Brick Road

Selected from all the lots available to the founding partners of the Mountain Village, this exceptional 4+acre estate is a truly remarkable assemblage of location, setting, history and quality of improvements. Surrounded by Open Space and ski runs, the residence is accessed from a private drive that opens in to the home’s park-like grounds. Two acres of manicured grounds are threaded by the rushing waters of Prospect Creek which feed a large reflective pond in the center of the property.

A rambling one-story residence, built by renowned builder Fortenberry Construction, was designed specifically for family and entertaining, and has hosted many of the regions most notable guests and events over the years.

The site would readily accommodate a separate Guest House, or an expansion of the existing 6,500 ft residence. Despite its incredible privacy, once can walk to the Village Core, Gondola and restaurants with ease, while seamless ski access is possible from groomed ski runs off of BOTH Chair 4 and Chair 10.

For those looking for the rarest and very best, this property is a must see.

Price and details available upon request.

Phone: 970-708-0667

Email - burchmore@telluridefineproperties.com

Bear Creek Lofts – finest two bedroom in Town of Telluride

This recent price drop makes the Bear Creek Loft very desirable in today's market.
Competitive in price and exceptional in the details.

Two heated parking spaces, private patio with outstanding views of Coronet Creek and very livable.

Original List $1,450,000

Now offered at $1,190,000

Big Valley Ranch

For those of you who have thought of the large acreage and a mountain ranch destination for your family, the Big Valley Ranch has sweeping views, privacy and easy access to Telluride.

Tract IV of the Big Valley Ranch consists of 223 Acres of rolling meadows and dramatic views of the Wilson Range to the South and the edge of the Sneffels Range to the East. Only a short 30 minute drive to town.

Price Recently Reduced to $1,495,000

Calendar of Events

March 2010

18 Shawn Colvin
18 An Introduction to wine tasting
19 The Singing Chef
20 Governors Arts award celebration
25 Invictus
26 The Infamous Stringdusters
27 The Vienna Boys Choir
27 Mike Dillon's Gogo Jungle
31 The Melodians

April 2010

1 Telluride Art Walk
4 Ski Resort Closing Day
5 Gondola closes temporarily for Off-Season
25 Sunday at The Palm
30 The Met Live in HD

Mountain Village Single Family Homes

January News from Telluride

2010-01-27T10:01:00.001-08:00

PEAKS REAL ESTATE NEWSLETTER
John Burchmore, Broker Associate

IN THIS ISSUE

Great Deals

Town of Telluride Condos

Peaks Resort and Spa – Update

Vacation Services

Telluride Fine Rentals is now online!

Please visit TellurideFineRentals for your next visit to Telluride. We have a new reservation number at 970-708-0667 for your convenience. Our services have been expanded to include more properties, better prices and more options for your next vacation. Please give us a call to check availability and prices. We hope you'll book your next trip with us.

BOOK NOW: www.TellurideFineRentals.com or call 970-708-0667

Great Deals for 2010

Buyer’s Market, Bottom of the Market, Distressed Sales, Have to Sell, Foreclosures, Blood in the Water are some of the terms we’ve heard over the past two years. There has certainly been a lot of caution and waiting which has left the market stagnant for the past two years or more. What has occurred as a result, is that price is driving sales. Prices for those properties that need to sell have dropped to levels at this time, that have attracted Buyers that weren’t in the market earlier. Sales are happening. While it isn’t a storm, it is consistent and Buyer’s are now finding that prices have matched there interest in Buying right and Buying smart.

Here are a few of the properties that will sell soon, because they are attractive properties at attractive prices.

	Mountain Lodge 2216 – Two Bedrooms, full service property, views and a great price. In addition, this property sold in March of 2006 for $469,500 and was listed last year and was under contract for $485,000. the Seller needs to sell this soon and has listed this property for $369,000!! Click to view listing(s)
	Plaza 301 – Location, views and size. This property represents a type and style of unit that is rare and difficult to find in the market in usual circumstances. There are few Plaza units and the location in the center of the Village at the base of the Gondola doesn’t come around very often. This unit is a very large four bedroom plus at over 3,000 square feet and priced to sell at $2,150,000 Click to view listing(s)
	Belvedere Park Unit 7 – In a terrible market, there have been some bright spots. Three units in Belvedere Park have sold in the past year because Buyers have seen good value in newer construction, quality and the prices. Unit 7 is the last unit available in Belvedere Park and the developer would love to sell out soon. Click to view listing(s)
	Lumiere – Another developer trying to reduce the remaining inventory and pressure by dropping prices to all new low levels. These are some of the most attractive units in Mountain Village with spectacular views and ski access along with all of the amenities of a full service hotel. For more Information visit: www.LumiereHotels.com
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Mountain Village Single Family Homes

I picked these two homes as the best value in the village right now. We have seen good consistent sales of homes that reflect quality and that have been priced appropriately sell over the past 3 months. Most have been on the golf course and now the ski homes that are high quality and priced right are the ones to sell. I am only presenting two properties this month and they are not my listings. Country Club Drive is ski in ski out with views and sunshine. It is priced to sell and of the 60 homes in the market, should be sold soon. The other home is located on San Joaquin Rd. and Offers great views, a nice high quality, good sized home at a great price. Click to view listing(s)
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Town of Telluride Condos

Telluride condos are hard to predict. The reason I selected these two units, is because of the level of quality and finishes. If you are looking in downtown Telluride, there is a scarcity of high quality homes and condos and these two units project a good value, good locations and high level of finishes. Click to view listing(s)

Update on the Peaks Resort and Spa

We have been selling units since December 21st and of the 50 units available at the Founder’s Member discounts and benefits, we have sold about 70% of these early offerings. Founders Members will not only have purchased their units at a price level that is so attractive in today’s market, but immediately after the 50th unit the prices will increase 15%. The property is running well and will go through a significant renovation in the spring of all the studios and suites. For more information please visit the website at www.thepeakscondos.com If you would like to discuss the details of the homeowners association, expenses and how the revenue structure works, please call me and I will have the information provided via email.

Calendar of Events

January 2010

27 Crafting a Desirable Human Future
28 Giant Puppet Show
28 Inaccurate Reenactments
29 Palm Dollar Movie Series
30 Jackie Greene in Concert

Fabruary 2010

1 Free Films - Babette's Feast
3 Free Cooking Class at the Museum
4 Telluride Art Walk
4 MD Painting Exhibition
4 NT Live
5-6 SAF Young People's Theatre
5 Name That Tune
6 The Met: Live in HD
6 Chocolate Lovers' Fling
8 SAF Young People's Theatre
11-14 Telluride Comedy Festival
13 The Met: Live in HD
14 The Wizard of OZ - Sunday at the Palm
16 Fat Tuesday - Sheridan Opera House
18 TAB Student Fashion Show
20 Butch Cassidy Ski Chase
20-27 Gay Ski Week
20 TCTV Vaudeville Show at the Sheridan
20 Justin Townes Earle
21 The Met: Live in HD
24 Fireside Chat
25 TAB Fashion Show Sneak Peak and Auction
26-27 Free HIV / AIDS Testing
26 TAB Opening Night Reception and Silent Art Auction
27 Telluride AIDS Benefit Gala Fashion Show and Auction
27 TAB After Hours Party at the Sheridan Opera House

2009 End of Season Sales

December News from Telluride

2009-12-27T09:49:00.000-08:00

The Peaks Resort and Spa – Sold!
New Ownership, New Management and New Real Estate

The big news of the month, year and this newsletter is by all means, the sale of the Peaks Resort and Spa.! The excitement and expectations leading up to the announcement have been met with confirmation that Telluride’s Landmark Hotel will be owned by local investors, managed by a wonderful, professional hotel management group and new units are for sale at the most attractive prices!
Read More >>

PEAKS REAL ESTATE NEWSLETTER
John Burchmore, Broker Associate

Vacation Services

Telluride Fine Rentals is now online!

Please visit www.TellurideFineRentals.com for your next visit to Telluride. We have a new reservation number at 970-708-0667 for your convenience. Our services have been expanded to include more properties, better prices and more options for your next vacation. Please give us a call to check availability and prices. We hope you'll book your next trip with us.

BOOK NOW: www.TellurideFineRentals.com or call 970-708-0667

IN THIS ISSUE

The Peaks Resort and Spa – Sold!

Snow for the Holidays!

TAR Market Update

View current Telluride Ski Conditions from TellurideSkiResort.com

2009 End of Season Sales

There have been some significant sales at the end of 2009. We had the townhomes at Courcheval listed in November. All six units went under contract in about two weeks. These were bank owned sales representing new product at great prices.
For details on some of our residential sales in Mountain Village and Telluride, here is a link to the single family homes sold since October.

Click to view listing(s)

The Peaks Resort and Spa – Sold!

New Ownership, New Management and New Real Estate
The big news of the month, year and this newsletter is by all means, the sale of the Peaks Resort and Spa.! The excitement and expectations leading up to the announcement have been met with confirmation that Telluride’s Landmark Hotel will be owned by local investors, managed by a wonderful, professional hotel management group and new units are for sale at the most attractive prices!

The Ownership Group
For information about the new owners and hotel group, refer to this article at HospitalityNet
http://www.hospitalitynet.org/news/4044194.search?query=grand+heritage+peaks+resort

The Hotel
Please visit www.GrandHeritage.com to get the information regarding the new hotel group managing the Peaks.
General Manager – Brent Truax was with the Canyon Ranch in Tucson prior to coming to Telluride. His experience in resort and spa management is extensive.
A new restaurant next to the Great Room is in the works and a complete renovation is scheduled for the spring.

The Real Estate

You have the first opportunity to Buy. Listed by our office, we are bringing the new units to market. They will be going into the MLS and open for sale on the 18th of December.
There will be a window of opportunity for the first fifty (50) sales, which will include discounts and the Founders program and benefits.
The prices are so attractive, starting at $135,000 for a studio, that it will appeal to a broad range of investors.
Who will be interested in the real estate?
Second homeowners already invested in a single family home or condo in the area and are interested in a full spa membership, ski valet, valet parking and an owners club room. In addition to having rental property to use for friends and family, whole ownership at a great price.
Couples or families who have been waiting for a low priced opportunity to present itself with a large number of amenities and services that should not have large annual expenses.
The investor who has been waiting for the right product to come to market at the right time.

I have a detailed presentation available. I have been trying to contact you all personally this past week as sales are brisk. If you haven’t heard from me and you would like more details, please try to call me as well at 970-708-0667. I think you will be very pleasantly surprised at the pricing and availability, followed by all of the services, amenities and extras offered with this great project.

Why buy a condominium hotel at The Peaks Resort & Spa
Since the origin of the Peaks, the hotel location, amenities, on-site services and opportunity for views remains unparalleled by any other hotel site in the region. The reasons for buying and owning a condominium in the Peaks remain the same as the first day the doors opened on May 22, 1992.

The hotel is located on the largest and most exclusive site in the region.
The hotel is truly ski-in/ski-out with the ski trail fifty feet from the elevator.
One of the best if not the best ski valet service is available to all guests and owners.
Telluride’s only golf course is an elevator ride from the front desk.
The hotel offers one of the most renowned spas in the world. With 42,000 square feet it provides the ultimate in a destination spa experience with over 40 treatment rooms, a full salon for hair styling, manicures/pedicures, an extensive weight training center, cardiovascular equipment and programs, aerobic classes, full Pilates and Yoga studios and an indoor climbing wall. Additionally the spa offers Olympic sized indoor lap pool connected by waterslide to an indoor/outdoor swimming pool and indoor/outdoor hot tubs and indoor coed dry sauna and steam rooms. Guests and owners may relax in comfort in men’s and women’s locker/changing facilities which include private Roman soaking tubs, dry sauna and steam rooms.
Because of the location every hotel room comes with a mountain view.
Telluride’s most extensive conference facilities are across the street and in addition the hotel offers over 5,000 sq. ft. of conference and ballroom services on-site.
Food and beverage services include large banquet venues, a new signature restaurant, a new casual bistro and of course room service. Many other dining venues are located in the central core of Mountain Village just across the street from the hotel.
Kids programs and facilities are also available.

In summer tennis courts are on the property as well as paddle tennis, and of course the 22,000 sq. ft. country club facility and golf course are also on-site. Mountain biking and hiking, guided 4X4 mountain tours and fly fishing excursions originate from the hotel. The famous summer festivals areaccessed by Telluride’s gondola transportation system which just a sort walk in the central core.

Snow for the Holidays!

We just received a massive storm which landed just in time for the World Cup events to be held this week in Telluride.

If you are coming out this season, you really need to bookmark the ski area web site www.Tellurideskiresort.com

You will enjoy the variety of web cams, the up to date snow report, details on events and I recommend browsing Dave’s BLOG which is where CEO Dave Riley spends some time each day posting photos updates and information and you can participate with comments and requests. The photos are great and info is usually helpful in understanding what is happening on the mountain.

Conditions are really great for this time of year. Lots of terrain open and really great cover. Another storm coming this weekend!

See you soon!

Telluride Association of Realtors Market Update

Telluride Continues to Plug Away
Numbers Down but Notable Sales and National Predictions Encouraging

In a nutshell, Telluride is getting through it like everyone else. On account of the current state of the economy, or rather where it was during the first two quarters of 2009, real estate activity slowed considerably. After a string of high marks between 2000 and 2007, with the latter reaching record heights by year’s end ($710 million in total dollar volume), numbers changed significantly in 2008 and thus far in 2009. Read More >>

Calendar of Events

December 2009

14 Film Noir
16 CAIC Fundraiser
17 Snowboard World Cup
17 Film Premier - We Skied it
18 Adrenaline Film
18 The Complete Works of Shakespeare, Abridged
19 The Met: Live in HD
19 Old-Fashioned Christmas at Schmid Family Ranch
19 Savoy
19 DJ Logic
20 Sitting with Santa
23 Warren Miller Film
24-25 Santa Skis & Santa Photos
26 -27 Cirque Le Masque
26 Mountainfilm in Telluride Winter Fundraiser
27 Shawn Colvin in Concert
28 The Meters Experience, featuring Leo Nocentelli
29 Rusty Evans & Ring of Fire
31 New Year's Eve
31-1 New Year's Eve Gala: Celebrating 50 Years of Motown

January 2010

1 New Year's Eve Gala: Celebrating 50 Years of Motown
2 The Melodians
3 The Met: Live in HD
9 The Met: Live in HD
9 Roger Clyne - Sheridan Opera House
12 The Wailers
12 Liquid Cheese
14 Greensky Bluegrass
15 Don Chani
16-18 SnowFest
16 The Met Live in HD
17 Sunday at the Palm
21 Dubskin with Cory of Pretty Lights
23 Priest Lake Pursuit
23 Ladies rock
28 Giant Puppet Show

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October News from Telluride

2009-10-13T16:12:00.000-07:00

New Office located in the Peaks Resort

I recently relocated to the Peaks Hotel and Golden Door Spa. If you are in town and over at the spa, stop by and see my new location. I will be at the hotel most of the season and easy to find there. Along with the improvements to the resort, I was looking for a change and am excited to be in the hotel and among our guests. For 20 years, the Peaks has been the place to stay in Telluride and I anticipate the improvements to the property to help contribute to its new success.

PEAKS REAL ESTATE NEWSLETTER
John Burchmore, Broker Associate

Stonegate Subdivision

Ski in/Ski out - Trailside lots on the market at HUGE REDUCTION!!!

Prices starting at $451,500

6 Lots available

Combine for family compound

Bulk Purchase for all 6 Lots - $2,922,500

Ski in on Prospect Trail

Lot 10 located on Sundance Trail

Incredible land value in bulk or individually.

Vacation Services

Telluride Fine Rentals is now online!

Bluemesa #1	Belvedere Park #1	Centrum #302

BOOK NOW: www.TellurideFineRentals.com or call 970-708-0667

IN THIS ISSUE

Market News and Observations

Significant Sales in 2009

Top 50 Ski Resorts - 2010

Telluride Ski Teaser Video

Telluride Regional Airport Update

Telluride/Montrose 2009-2010 Winter Flight Plan

Market News and Observations

Our third quarter activity picked up so much that number of sales and transactions more than tripled the activity of the first two quarters alone. I have attached spreadsheets for your review of the sales activity for the year. If you would like to discuss the market, the transactions or specific properties, please feel free to call anytime. The amount of people in town in September specifically to look at property seemed to be very busy. We seem to trend very similar to Aspen and Vail and we have seen very strong signals from other luxury markets that investment into these very small, finite, protected markets is beginning to return slowly. There are many wonderful opportunities at this time and due to the inventory and slow return, there will likely be many opportunities in the seasons ahead. There are few legacy investments that you can use and enjoy quite like a home or property in Telluride and I hope we can tour together this season.

Significant Sales in 2009

Condominiums in Mountain Village
	Unit 106 Tristant Original List Price $1,825,000 List Price -$1,100,000 Sale Price – Pending
	Lodges on Sundance – 121 Lodges Ln. Original List Price - $1,800,000 List Price - $1,800,000 Sales price - $1,550,000 This 3500 square foot, 4 BR unit was priced to sell and closed at $435 per square foot
	Mountain Lodge Unit Original List Price - $510,000 Asking Price - $385,000 Sales price - $350,000 These two bedroom units have been sold below the prices the original developer sold out their remaining inventory a number of years ago.
	Dakota Place Original Price $2,950,000 Asking Price $2,450,000 Sale pending These are beachfront property at the base of lift 4. These units have sold for as high as $1400 per square foot and the sales price will be below $1000/foot for the finest location in the village.
Mountain Village Single Family Homes
	126 Polecat Original Price - $4,300,000 Asking Price - $3,700,000 Sales Price - $2,650,000 Sitting on an A+ lot ski in ski out on Double Cabin Ski Run. An example of a Seller understanding the market and selling when others are not.
	214 Adams Ranch Original Price - $2,595,000 Asking Price - $1,795,000 Sales Price - $1,624,000 An example of a spec builder selling at cost of construction.
	304 Benchmark Original List Price - $5,200,000 Asking Price - $5,200,000 Sales Price - $4,200,000 New construction at $735 per square foot. A price reduction that was 20% off.
	232 Benchmark Original List Price - $5,850,000 Asking Price - $5,550,000 Sales Price - $4,650,000 Again, new construction, 20% off and at a price level of new building we haven’t seen for many years.
	230 San Joaquin Original List Price $3,595,000 Asking Price - $2,950,000 Sales Price - $2,225,000 40% off the original price, in a great neighborhood and a beautiful home
Mountain Village Land Very few lots have sold in the past two years. Much of the inventory of good lots has been reduced over the past 5-10 years and with a low inventory, prices remained high until recently.
137 Hood Park Original List Price - $2,980,000 Asking Price -$2,450,000 (Sale Pending	Lot 423 Touchdown Drive Original List Price $1,600,000 Sales Price - $1,000,000
Town of Telluride Condominiums An inventory with close to a 4 year absorbtion rate. There are many opportunities available. There are 10 pending sales in the past month alone.
	Ice House Original List Price – 1,845,000 Asking Price – 1,475,000 Sales Price - $1,200,000
	127 South Oak Original list Price - $3,995,000 Asking Price $3,250,000 Sale Pending
	395 East Colorado Original List Price - $1,295,000 Asking Price $895,000 Sold Price $825,000 Two bedroom great location selling for the right price $624/sq ft and 35% off the orig price.
	571 B Pacific Street Townhomes Original List Price – $1,000,000 Asking Price $880,000 Sold Price - $715,000 Beautiful brand new construction with underground heated parking in a residential neighborhood. Off almost 30% from orig price and under $1000 per foot.
Town of Telluride Single Family Homes No sales over $2M yet this year. Buyers taking advantage of homes that are redevelopment projects or on great lots for the hold.
	135 N. Alder Original Price – $865,000 Sales Price - $Pending Purchase for land value.
	Aldasoro Ranch 100 Miguel Original List Price - $3,350,000 Sales Price - $2,873,000 Setting the tone of sales in Aldasoro at $520 per foot on more than 3 acres with huge views.

Telluride Ski Resort Ranked one of Top in North America! by Conde Nast & Ski Magazine

Ski Area Opens November 26, 2009
New Terrain Announced: Gold Hill Chutes 2 - 5 & "Captain Jack's Run"

After three seasons of back-to-back expansions (more than 400 acres of quad-consuming chutes and steeps) on what was already an epic mountain, we need to catch our breath—made all the more difficult by No. 2–ranking Scenery that threatens to take it away around every bend. Read More >>

Do you want bunny slopes by day, but killer cuisine by night? Or perhaps black diamonds and boutique hopping? From Sun Peaks to Snowmass, we've ranked the top 20 ski resorts based on terrain, lifts and lines, après-ski, dining, and ambience. Read More >>

Telluride Ski Teaser 2009 by Ben Knight

TELLURIDE REGIONAL AIRPORT TO OPEN NOVEMBER 4

At 9,078 feet above sea level, Telluride Regional Airport (TEX) is the world's second-highest commercial airport and offers 360-degree views of the San Juan Mountains. The drive from the airport to Telluride or Mountain Village takes approximately 15 minutes. Getting to Telluride has never been easier: Non-stop air service is provided daily by Great Lakes Airlines through Denver and US Airways through Phoenix.

PLEASE NOTE: Telluride Airport is undergoing a runway construction project this summer. The runway will be closed to fixed-wing aircraft from April 7 to November 2, 2009. Ground transportation and helicopter service will still be available. The project includes work to smooth and flatten the runway surface and other measures to continually advance the safety of the airport. Call 970.728.3041 with any questions.

Calendar of Events

October

1 Merideth Nemirov
1 Youth Art Awards
1 Bike Film
2 Telluride Oktoberfest
3 Bike Race
3 Telluride Medical Center Health Fair
9 Walking Words
9 NT Live
10 The Met: Live in HD
18 Cinderella Ballet
18 Gondola Closes for Off-Season
21 The Met: Live in HD
24 The Met: Live in HD
25 Sunday at the Palm
29 Shakespeare
31 KOTO Halloween Party

November

5 Ah Haa Youth Art Awards
7 The Met: Live in HD
12 Teton Gravity Research presents: Re:Session
13 The Met Live in HD
16 Telluride Film Festival - Film Noir
26 Telluride Ski Resort Opening Day
29 Sunday at the Palm

>> More Photos and Description
>> Architect Named One of the Best in the West
>> Green Serene Article

September 2009

2009-09-18T16:02:00.001-07:00

PEAKS REAL ESTATE NEWSLETTER
John Burchmore, Broker Associate

107 Cristelli Lane

Highly sophisticated & elegant new residence in Aldasoro. Mountain contemporary and chic in design, this property is more than just a home, it's a masterpiece!

Lot is situated on a quiet cul-de-sac and sits amongst an Aspen grove with direct views to Mount Wilson. Incredibly private and serene. A real value at only $864 per sq.ft. for new construction with an unbelievably high level of finish throughout. A must see! It's unique, extraordinary and irreplaceable.

$3,995,000

Vacation Services

Telluride Fine Rentals is now online!

IN THIS ISSUE

Recent Activity

Resort News for the Summer '09

Calendar

Telluride/Montrose 2009-2010 Winter Flight Plan

BOOK NOW: www.TellurideFineRentals.com or call 970-708-0667

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Recent Activity

August in Telluride saw a bump upward in sales. If you follow the markets like ours, Aspen and Vail made similar improvements. It is the season when sales occur. It certainly doesn’t match the pace of previous seasons, but it was an improvement from the winter.

The first half of 2009 reflected the slow pace and reluctance to reenter our market in Telluride, similar to other luxury real estate markets around the country. All of the reasons that refer to our lagging pace and sales activity, refer to our strongest attributes as well. Telluride will always remain one of the most resilient markets in the country due to our location, our high quality of product and resort amenities, our listing on the National Historic Registry and our size. Our growth is limited to maintain a charm and an entry to a defined, intimate, location that has been zoned, platted and protects values as our low inventory of available product will be reduced in the seasons ahead.

Defining value of listed properties for Buyers and Sellers has been one of the more difficult exercises in a time when transactions are scarce. It is a time to engage a partner, advisor with intimate knowledge of the economics of the market locally, nationally and globally, to assist with your decision making.

I have seen the true realization of reduced pricing across the market from sophisticated investors that understand the current conditions as Sellers. Buyers entering the market also understand the nature of this location and where value is found in the various market segments for the long term.

It is not just a time to pick the "low hanging fruit" of distressed properties or "need to sell" product. While that exists in our market and has been the first to sell this year, there have been real and serious price reductions to levels that should be attractive to those interested in adding real property to their portfolio, that may be enjoyed by your family, rented for cash flow and held for long term performance.

Investments can be made at all levels in our market. Telluride has long been a resort destination where families have invested in a diverse selection of product. Some of our nations most savvy and sophisticated business leaders are invested in this market for many reasons. Please call to discuss the market conditions and opportunities. I look forward to sharing some time soon.

174 Wapiti

Antique barnwood and stone mountain home. Large sunny private deck in the Aspens with views from Mt. Wilson to San Sophias.

Finishes include: travertine and tumbled marble, wormy oak floors, plaster walls, granite, knotty alder doors and cabinetry. This home has an indoor slide!

$1,950,000

359 East Colorado Ave.

One of the finest residential units found in Telluride. East End Main St. location across from Town Park. An elegant mountain loft condo with 12' ceilings 8' interior doors, beautiful custom millwork, lighted beams and cabinetry. American clay/specialty wall finishes, granite counters, wood floors with tile inlay. Niles Audio whole house Digital Sound System

$1,450,000

Price Reduced to $1,290,000

120 VISCHER Drive #133

Spacious 4 bedroom condo with ski access to the Meadows Ski Run. Offering sunny southern views of Mt. Wilson. Walking distance to the golf course, driving range, as well as Village Core shopping and dining.

Hand Crafted finishes and luxurious appointments include: granite counter tops, cherry woodwork and cabinetry, Whirlpool tubs, tumbled marble steam showers, Italian tile and private outdoor hot tub.

$2,195,000

Resort News for the summer '09

The summer of 2009 has really been a fantastic summer for activities and events. This year, June was rather wet, but at the end of the month, the wildflowers were extraordinary in the high country and because of the rain, we were able to get up to higher elevations to play earlier. The rivers peaked earlier making the fly fishing all summer long exceptional.

One of the toughest parts of the summer was also one of the best. The airport was closed.
It was good because the improvements will make this airport one of the finest mountain airports in the Rockies and you will certainly be pleased with the improvements next time you visit. We will all be happy to see the airport open the first of November!

The Ski area has been blasting all summer up at the top of Gold Hill, helping to create better access to some of the terrain up there. They will be opening new chutes 1-4 up on Gold Hill which will give us more exciting terrain for the ‘09/’10 season!

The opening of Capella in the Mountain Village has been wonderful. The Lumiere also opened and operating across the street from the Inn at Lost Creek. If you are looking for a place to stay this winter, please email me your dates and I will be happy to help with arrangements. In addition to booking the hotels, I have some residential condominiums that are exclusive to www.TellurideFineRentals.com our new rental site. Please check it out for your next visit.

Call anytime to discuss what’s happening in Telluride! We hope to see you soon.

Calendar of Events

September

3 Film Festival Exhibit Opening, Telluride Historical Museum
3 Telluride Art Walk – FREE!
3 Solo Ah Haa School art exhibit, Telluride – FREE!
4-7 Telluride Film Festival, Telluride
6-7 Ouray County Rodeo, Ridgway
10-11 Mountainfilm's Outdoor Series, Mountain Village – FREE!
12 Imogene Pass Run, Ouray to Telluride
17 Bob Miller Memorial Golf Classic
18 The Play's the Thing, Telluride – FREE!
25-27 Writers in the Sky, Telluride
25-27 Artists' Studio Tours, Telluride
26 Mountains to the Desert Bike Ride Fundraiser for the Just For Kids Foundation
Telluride to Moab – 133 miles

October

Springtime in Telluride

May 2009

2009-09-18T16:01:00.000-07:00

PEAKS REAL ESTATE NEWSLETTER
John Burchmore, Broker Associate

Vacation Services

Telluride Fine Rentals is now online!

IN THIS ISSUE

Calendar

Telluride Hangs On and Holds Strong
Prices and Property Values Remain Steady as Overall Activity Slows - Read More

BOOK NOW: www.TellurideFineRentals.com or call 970-708-0667

Springtime in Telluride

Every ski season that comes to a close in Telluride means that the kids get two weeks of vacation and we usually go find another vacation destination to descend upon. This year we stayed close to home and I wanted to share some of the great locations around Telluride and the Four Corners that you can take advantage of when you are here for an extended period, and want to explore some of the Four Corners Region, from...Base Camp Telluride

	*Sand Canyon - Canyons of the Ancients National Monument* Because we have soccer tourneys in the town next door, Cortez, this weekend, we will be Mountain Biking some of our favorite trails in the area including Sand Canyon which has a dense collection of ruins and archeological sites. Hiking and Single track mountain bike trails in a labyrinth of canyon country just an hour or so south of Telluride. Great fun, so close and easy just outside of Mesa Verde National Park.
	*White Sands National Monument -* Located in a remote region of New Mexico south of Albequerque, the boys and I found White Sands to be one of the most unique and fun experiences we've had exploring in the region. The hikes are vast areas of fine Gypsum. You can travel for miles among the dunes in a truly a one of a kind location. Afterward we camped high in the mountains of Lincoln National Forest dripping with history of the Apaches, Gold mining and Billy the Kid.
	*Carlsbad Caverns National Park -* South to Carlsbad where we discovered one of America's treasures. The caverns are so vast and deep. It is so hard to explain the deep reaches of this National Park. We missed the bat flights that occur in the evenings as we arrived prior to their migratory return from Mexico, but the sites were remarkable and the sense of discovery for the boys was one they will remember always.
	*Guadalupe Mountains National Park -* The highest point in Texas. We took a loop through Guadalupe National Park on our way west to the Gila Wilderness. Guadalupe is full of scenic hikes and wilderness.
	*Gila River Wilderness and Gila Cliff Dwellings -* The oldest wilderness in the United States and the largest acreage of any wilderness area. We spent time at the Gila Cliff Dwelling National Monument. This is a very remote part of New Mexico with sacred, historic ruins and wild trout streams. We spent a night in the northern part of the Gila National Forest at the San Francisco river and hiked a couple miles to some primitive hot springs pools.
- all photos by Jake and Leland Burchmore	*El Malpais National Monument -* El Malpais (pronounced ell-mal-pie-ees) means"the badlands" in Spanish. Its volcanic features include jagged spatter cones, a lava tube cave system extending at least 17 miles, and fragile ice caves. Easy access off of Interstate 40. We headed back to Taos via Sante Fe and hit the Petroglyph National Monument on the way. We camped at the San Francisco river on the way to El Malpais, where we discovered natural hot springs pools up a 2 mile trail to the river. The geology and volcanic activity in the past has created some great hot springs in the region for discovery.

So many great locations in Northwestern New Mexico are on the agenda for this spring. We plan to spend some time in the Zuni Reservation and tour other sites such as El Morro National Monument, Chaco Culture National Historic Center, and Bandelier National Monument.

Call anytime for info on some of the great sites so close to Telluride!

Lorian 7

This three bedroom unit is one of the lowest priced units available in this category. Residential complex with a pool, club room, workout facility and located slopeside on Double Cabins Ski run and an easy walk to the gondola and grocery. This unit is listed with Peaks Real Estate - Sotheby's International Realty at $795,000

Lot 810B

Great new listing on the golf course. Lot 810B on Arizona Drive at $595,000. This lot is listed with Hermitage Land Company. Location is nicely removed off of Mountain Village Blvd. with a building site tucked back on the lot. Over and acre and a great price.

Calendar of Events

May

8 Local Forest Health Presentation
15 The Met Live in HD Presents - Rossini's La Cenerentola
17 2nd Annual Children's Film Festival
22-25 MountainFilm
22 Gondola Opens for Summer
28-30 Family Theatre
31 Telluride Dance Academy Recital

June

4 Telluride Balloon Rally
4 Jazz Festival Exhibit Opening
4 Telluride Art Walk
4 Retrospective & Opening Gala
5 Telluride Jazz Celebration
6 Telluride Playwrights Festival
6 Huck Finn Day
8 Wild West Fest
11 Western Federation of Miners Exhibit Opening
11 Fireside Chats
12-14 Telluride Heritage Festival
12 Cowboy Family Night
13 The R. Carlos Nakai Trio
16 2009 Pinhead Townhall Talks
18-21 Telluride Bluegrass Festival
23 2009 Pinhead Townhall Talks
24 Sunset Concert Series
25 Telluride Wine Festival
25-28 Telluride Baseball Festival
25-28 Telluride Repertory Theatre
25 Fireside Chats
25 Moving Mountain Theatre
26 Telluride Music Fest
29 Telluride Plein-Air
30 2009 Pinhead Town Talks

March 2009

2009-09-18T15:47:00.001-07:00

Vacation Services

Telluride Fine Rentals is now online!

IN THIS ISSUE

Operation F.E.A.S.T

Belvedere Park

Calendar

BOOK NOW: www.TellurideFineRentals.com or call 970-708-0667

Operation F.E.A.S.T
Fund for Expanding And Supporting Telluride's Medical Center

So many of you will be coming out in the next 3 weeks for spring break. I wanted to introduce you to a black tie event that is very special and fantastic fun this season. Please consider coming to the fundraiser for the Medical Center on March 12th, the details are listed below. There is a link to the on line auction as well, so visit that for a chance to bid on some fabulous items.

Link to Online Auction: www.feast.cmarket.com

Belvedere Park

Belvedere Park - Unit 7

We have recently sold two of the four remaining units. In these interesting times, buyers have understood where to find great value, and Belvedere Park remains one of the best opportunities in the market. Please give me a call to discuss these or other great properties.

Location in the village core. Easy access to dining, shopping, the gondola and skiing. Private elevators, loads of personal storage, heated parking garage, nice outdoor living spaces, high level of finishes including walnut floors and sandstone countertops. Take advantage of this unit now. Listed for $1,850,000 newly constructed and never occupied. The developer would like to sell the unit.

Calendar of Events

March

1 Sunday at the Palm - Spirited Away
2 TAB Designer Trunk Show
10 Donavon Frankenreiter
10-11 Live Theater
12 FEAST
13 Grupo Fantasma
14 KOTO Concert
14 Musical Theater - Rainbow Fish
14 TopATen Nordic Race
17 Baseball on Skis
19 Shakespeare Theater
19 Mountain Sprouts Preschool Fundraiser
19 Telluride Film Festival Presents - Rachel Getting Married
27-29 Swing Camp Telluride
29 Sunday at the Palm - The Real Dirt on Farmer John

April

3 KOTO Street Dance
5 Telluride Ski Resort Closing Day
14-23 Talking Gourds Spoken Word Festival
26 Sunday at the Palm - The Secret Garden

February 2009

2009-09-18T15:45:00.000-07:00

Vacation Services

Telluride Fine Rentals is now online!

Telluride Airport News

The Federal Aviation Administration has released $21 million for Phase Two of the Telluride Regional Airport's runway improvement project. As a result, the airport will be closed between April 7 and Nov. 2 while the runway is rebuilt.

The $9.4 million Phase One of the runway project, completed this year, consisted of largely invisible earthwork to reinforce and stabilize fill in the center portion of the runway where there is currently a dip. Phase Two will replace the runway entirely, reducing the grade of the dip.

Although the purpose of the project has not been to enable additional types of aircraft to serve the airport, that could be one side benefit. In particular, the new D# rating would allow the Q400 aircraft, manufactured by Bombardier, to use the Telluride Airport. The Q400 is the plane that Frontier Airlines has acquired to launch its commuter service to selected markets.

Telluride Ski Resort News

The Telluride Ski Area hosted more skiers this holiday season than last year. The mountain even logged its record day, albeit narrowly, with just over 8,200 skiers one day over the holidays.

But the strong holiday business was not able to fully offset a later start to the season due to a later start of regular air service supported by the Telluride Montrose Regional Air Organization and as of mid-January, skier numbers are down about five percent.
The week's delay in the start of air service was dictated by the airlines with whom the TMRAO has contracts, Telski CEO Dave Riley said this week, and the loss of 500 seats before Christmas hurt.

By comparison, the Aspen Skiing Co. reported being down eight percent during the two-week holiday period. Vail Resorts has reported being down 5.8 percent year-to-date at its four resorts in Colorado and one in the Lake Tahoe area

Riley said this week that Telluride held its own over the holiday period in part because it has "great resort momentum" thanks to new terrain, which has contributed to higher placement in annual ski resort rankings published by magazines.

Picks of the Season

I wanted to take some time this month to describe some properties that I have identified as very good buying opportunities for individual reasons, including price, but not limited to just big savings. Take a look at these properties and call to discuss anytime. I look forward to visiting with you and sharing the time to talk about our one of a kind location.

*Single Family homes in the Town of Telluride -*
	411 W. Colorado A classic Victorian in the heart of downtown Telluride, recently renovated in a timeless luxurious décor. This home was previously listed for $1,895,000 and has been reduced to an incredible price. The true value to this property is the location, expansion possibilities and the fact that it is move in ready and very nice. Available for $1,395,000

	107 E. Gregory I selected this home for all the right reasons. If you are looking for the best home of newer construction, in the finest sunnyside location, easy walk to main street with all the size and comfort for your family, this is it. A fantastic 4BR home on a double lot. Available for $3,650,000
*Single Family homes in the Mountain Village -*
	159 Adams Ranch Rd. On the 8th Fairway of the Telluride Golf Club. This home was developed as a spec home and has been on the market for quite a while. Originally listed at $5,400,000 this home has commanding views, the open space of the golf course surrounding it, exquisite finishes and an outstanding design and floor plan. This 5 bedroom, 7 bath home has a bunk room, media room, wine room, expansive gourmet kitchen with sitting area. Available for $3,995,000

	126 Polecat Lane The beauty of this home is truly in the location of this lot. A very private neighborhood, surrounded by some of Mountain Village finest residences, this home is literally on the ski run and has the finest ski access of any home in the village. Spacious, well maintained and the price has now been reduced to a level not seen for years. Possible owner financing available. Offered at $3,700,000
*Condominiums in Mountain Village -*
	Belvedere Park - Unit 7 Location in the village core. Easy access to dining, shopping, the gondola and skiing. Private elevators, loads of personal storage, heated parking garage, nice outdoor living spaces, high level of finishes including walnut floors and sandstone counttops. Take advantage of this unit now. Previously listed for $1,850,000 newly constructed and never occupied. The developer would really like to sell this unit. Now offered for $1,350,000

	Lorian #7 This 3BR unit has been reduced to sell this ski season. Located on Double Cabins ski run just across from the grocery and gondola. You simply cannot find a high quality 3BR unit even close to this price. The complex also offers guests a swimming pool, club room with a full kitchen and billiard, a work out facility that has all been remodeled with the expansion and addition of 6 new units. Now offered at $895,000
	Mountain Lodge #2216 This two bedroom unit was under contract for the past 6 months and now back on the market. Originally listed at $549,000, this unit is arguably the best 2BR unit available at the Mountain Lodge. It is an upper level corner unit, so it is quiet and is located directly across from the main lodge. Big views compliment the amenities that come with the property - Swimming, hot tub, steam, ski shop, work out facility, bar/restaurant, shuttle, conscierge, and much more. Offered now at the lowest price in the lodge at $475,000
*Just outside town within a few minutes drive -*
	174 Wapiti - Ski Ranches Many of my clients are looking for a wonderful vacation home under $2,000,000. Well, this just may be the best opportunity. A spacious 4 BR home with quality finishes such as wormy oak hardwood floors, plaster wall finish, granite, travertine, and sided with reclaimed barnwood. Great wintertime views and summertime privacy. Available for $1,950,000
	1823 Green Meadows Lane - Telluride Pines Acreage, views and sunshine surround this four bedroom home on the mesa. Located just over 2 miles from the highway, it has extremely easy year round access but feels like you are in the middle of nowhere. Newly listed at $896,400
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Calendar of Events

February

6 Name That Tune
6 Young People's Theater
7 Chocolate Lover's Fling
11 Victorian Valentines
13 Comedy Fest
13 KOTO Film (TBA)
14 Butch Cassidy Ski Chase
14 Valentine's Skiing Day
15 San Juan Symphony
16 Exhibition Reception
19 Cribbage Tournament
20 Fred Garbo Inflatable Theater Company
21-28 Gay Ski Week
24 Telluride AIDS Benefit
26 TAB Fashion Show Sneak Preview and Auction
27 TAB Opening Night Reception and Silent Art Auction
28 Free HIV/AIDS Testing

March

1 Sunday at the Palm
2 TAB Designer Trunk Show
10 Donavon Frankenreiter
10-11 Live Theater
12 FEAST
13 Grupo Fantasma
14 KOTO Concert
14 Musical Theater
14 TopATen Nordic Race
17 Baseball on Skis
19 Shakespeare Theater
27-29 Swing Camp Telluride
29 Sunday at the Palm