January News from Telluride

PEAKS REAL ESTATE NEWSLETTER John Burchmore, Broker Associate
IN THIS ISSUE Great Deals Mountain Village Single Family Homes Town of Telluride Condos Peaks Resort and Spa – Update Calendar	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

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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)

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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.

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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

More details on Telluride Events

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