PEAKS REAL ESTATE NEWSLETTER
| |||
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. | Telluride/Montrose 2009-2010 Winter Flight Plan
BOOK NOW: www.TellurideFineRentals.com or call 970-708-0667
 | ||
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.
 | 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 |
 | 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 |
 | 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.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
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
