TELLURIDE
REAL ESTATE
SAN MIGUEL COUNTY — FEWER SALES, STRONGER DOLLARS
April closed with 37 sales totaling $70.36 million — down 12% in number of sales from April 2025, yet up 24% in dollar volume. That spread suggests buyers remain selective, but when they transact, they do so at meaningfully higher price points. April’s average transaction size was approximately $1.9 million, compared with roughly $1.35 million last April.
Year to date, San Miguel County has recorded $267.42 million in total sales volume, up 13% from the same period in 2025, while the 134 total sales are down 9%. Compared with the 2021–2026 average, year-to-date dollar volume is 21% below average and the number of sales is 32% below average — a lower-velocity market than the post-2020 cycle average, but improving.
Limited supply, global appeal, and a financially capable buyer base continue to support well-positioned properties — especially those meeting today’s expectations for quality, location, and long-term value.
MARKET REPORT
“Sixteen new listings hit the Telluride market last week — the kind of inventory surge we typically see as sellers position ahead of the summer buying season. What caught my attention wasn’t just the volume, but the composition. We’re seeing a genuine mix across price points, representing $63.2 million in total listing volume and an average asking price of just under $4 million. The absorption rate tells an interesting story: ten properties went under contract against those sixteen new listings, suggesting demand remains robust even as supply ticks up. Seven properties closed, totaling $14.3 million, with the week’s highest-priced close being 517 Curtis Drive at $3.6 million — reinforcing continued demand for Telluride’s historic district.”
WEEKLY SNAPSHOT
16
NEW LISTINGS
10
UNDER CONTRACT
7
CLOSED
$14.3M
CLOSED VOLUME
$2.04M
AVG SALE PRICE
KEEP CLIMBING
Demand from affluent buyers seeking Telluride’s distinctive lifestyle remains exceptionally strong. These buyers focus on newer, high-end properties and have ample liquidity to act quickly. Luxury projects like The Four Seasons Resort & Residencesand The Highline are propelling Telluride toward its place among North America’s premier ski destinations. Despite challenges such as limited snowfall, a ski patrol strike, and ongoing global uncertainty, Telluride endures as a secure and sought-after destination — an investment in both value and enjoyment.
+18%
COUNTYWIDE
+38%
MTN VILLAGE
+46%
TELLURIDE
READY TO MAKE YOUR MOVE IN TELLURIDE?
AS FEATURED IN TRAVEL + LEISURE
TELLURIDE: #1 BEST PLACE TO LIVE IN THE ROCKIES
“Telluride remains the charming small mining town for which it has always been famous, and there is simply no room for urban sprawl to tarnish its character. The mountains are literally right out your front door, with dozens of peaks exceeding 12,000 feet and many surpassing 14,000 feet.“
— CHRIS PAOLI, REAL ESTATE EXPERT
$2.2M
AVERAGE HOME VALUE
+57%
COST OF LIVING VS NATIONAL AVG
A-TEAM FEATURED LISTINGS
UPCOMING IN TELLURIDE
MAY 21–25, 2026
MOUNTAINFILM
Documentary film festival showcasing nonfiction stories about environmental, cultural, and social issues. A beloved Telluride tradition.
JUNE 5–7, 2026
TELLURIDE BALLOON FESTIVAL
Watch hot air balloons lift off from Telluride Town Park and float effortlessly over the valley.
JUNE 11–14, 2026
TELLURIDE FOOD + VINE
The area’s premier food and wine weekend — the ultimate epicurean experience in Colorado’s most beautiful location.
JUNE 18–21, 2026
TELLURIDE BLUEGRASS FESTIVAL
Every June, Festivarians make the annual pilgrimage to Telluride for this iconic music celebration.
AUG 7–8, 2026
TELLURIDE JAZZ FESTIVAL
Since 1977, world-class jazz in a jaw-dropping mountain setting.
SEPT 4–7, 2026
TELLURIDE FILM FESTIVAL
Each Labor Day weekend, the tiny mountain village of Telluride triples in size for this legendary cinema event.
YOUR GUIDE TO TELLURIDE
ADAM BLACK
With over 24 years of experience, Adam Black is a distinguished real estate broker in Telluride known for delivering top-tier service and meticulous attention to detail. His success is driven by unparalleled market knowledge, expert negotiation prowess, and an innovative digital marketing approach. Having facilitated transactions exceeding $400 million, Adam is among the most prolific agents in the region. Beyond his professional achievements, Adam is deeply engaged in the community, currently serving on the board of the San Miguel Bicycle Alliance. A dedicated family man and outdoor enthusiast, Adam, alongside his wife Nicky, cherishes raising their children, Porter and Vivian, in this captivating mountain town.