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Home Prices Climb by Most in Six Years

Telluride Sotheby's International Realty Bill Fandel Read More:


Telluride Sotheby's International Realty Bill Fandel

115 Aguirre Road – “BridgeCreek”  

A truly spectacular alpine estate on 3+ manicured acres, threaded by a flowing creek.  This award-winning home was meticulously crafted over two years time and offers the finest custom details available in the Telluride region including expansive, arched hand-hewn timbers, reclaimed antique chestnut floors, a gourmet kitchen with sitting area & fireplace, family entertaining area, outdoor fireplace, numerous guest suites, a hot tub overlooking the creek, and a guest apartment. Situated on two knoll top lots, including a stocked trout pond, and borders over 40 acres of Open Space. Located less than five minutes to the Town of Telluride.

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129 Sundance Lane

Telluride Sotheby's International Realty Bill Fandel

129 Sundance Lane – Located on a private situated ski-in/ski-out parcel, along the groomed Sundance Ski Trail, this custom-built family home features the timeless ambiance of a mountain lodge, with the sophisticated features of the finest residences. The large open floor plan is ideally-suited for relaxed entertaining, while the expansive kitchen is perfect for the vacationing gourmet. Large spacious rooms and private guest suites are perfect for friends and generations of family in both winter & summer. Seamless ski access to the back door; covered porches and open patio & deck areas bring the alpine setting close to home; expansive recreation room with wet bar and adjacent bunk room is perfect for family fun.

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The Year in Review

By Brad Nelson of TTR Sotheby’s Inernational Realty

Washington, DC may have been the most exciting city in America in 2012. We had front row seats to the Presidential election. We watched new restaurants open from award-winning chefs like José Andrés and Mike Isabella. Our skyline once again became dotted with cranes — the ultimate indicator we have exited the economic crisis and are building for the future. And the Redskins, Nationals and Capitals all made it to the playoffs.

The impact of this good news in the residential real estate market is clear. Our firm’s sales volume was up 51.9% year-over-year, rising to over $1.3 billion. RBI Intel’s latest data notes that prices across the region have reached record highs. And The Wall Street Journal is predicting prices to rise based on tightening inventory in 2013.

The residential real estate market is improving quickly. If you are considering selling or purchasing real estate in the Washington Metropolitan Area or around the world in 2013, it would be our pleasure to be of service.

710 Mountain Village Blvd

Telluride Luxury Properties Bill Fandel
710 Mountain Village Blvd

 A home like no other available! One Architects and the owners have created a masterpiece of modern mountain design. Located in one of the most exclusive neighborhoods within the Mountain Village, this property is exceptional in its location, quality, views, and access. With a nod to the mining vernacular, the home’s finishes will satisfy the most sophisticated palette.

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416 Benchmark Drive

Telluride Sotheby's International Realty Bill Fandel

416 Benchmark Drive – Located on over 1 ½ trailside acres, this timber, shingle & stone family compound offers the ultimate in privacy with the convenience of seamless ski access. The property is entered by a private tree-lined drive that opens to a six bedroom Main House and a separate two bedroom Guest House. Walking through the front door, iconic Wilson Peak is instantly framed by the walls of glass & timber. The southwest-facing home is filled with rich timber finishes that complement warm living spaces and spacious decks. Multiple suites can accommodate generations of family. The main level Master is ideally situated for the times when it is just a couple in residence; while the separate guest house is well-suited for extended family or as just a separate recreation area. A great family retreat!

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Telluride Market Update

Market conditions have been quite strong during what is typically a slower time of year, with nearly $248m in closed sales and pending contracts in the last 90 days. 

Some notable statistics for the period include:

  • 60 sales over $1m
  • 11 sales over $4m
  • 6 sales over $7m

Significant Sales included the following transactions:

Telluride Sotheby's International Realty Bill Fandel

SOLD – Eagle’s Rest – $12,300,000 – Dec, 2012

Telluride Sotheby's International Realty Bill Fandel

SOLD – Ballard Penthouse – $3,400,000 – Dec, 2012

  • Two Mountain Village homes at $9.9m and $12.3m respectively
  • Two ranch sales of $12m & $17m
  • Two penthouses in the historic Town of Telluride of $4.7m and $3.4m
  • Average selling price for properties in and around the resort area was roughly $2.27m
  • Sold to List Price Ratio climbed from roughly 76% at the bottom of the market to nearly 90% of sales in this period
  • Days on the market has come down by nearly 1/3 for this segment as well
  • Average selling prices for SFH homes in the historic Town of Telluride have climbed to $1,027 psf

We have seen a brief slowdown in showing activity since the presidential election; though that can be partly attributed to seasonality, with most closings on schedule for before the first of the year in the interest of securing lower than forecast capital gains rates.

As to trends readily identifiable in this market, the highest quality assets offering perceived value in the best locations, be it ski-in/ ski-out locations or in the heart of our historic core area continue to generate the most interest and strongest pricing.

To a prosperous New Year…

125 Hang Glider Drive

Telluride Luxury Properties Bill Fandel125 Hang Glider Drive – Set within a grove of towering Aspen trees overlooking the groomed Double Cabin ski run, this extraordinary home & separate guest house offer the exceptional design of architect Tommy Hein, combined with the outstanding attention to detail of accomplished builder Overly Construction. The home offers multiple Master & Guest Suites across three levels of living & recreating areas. A fully-detailed gourmet kitchen opens to grand spaces framed by century-old logs with the refined finishes of plaster, stone, marble & granite found in the finest residents in ski country. Dramatic views of the surrounding peaks, mature trees & bordering ski run are available throughout the home, while separate recreation room, media room, bunk area and ski rooms accommodate dozens of family members or guests.

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137 Touchdown Drive

Telluride Sotheby's International Realty Bill Fandel

137 Touchdown Drive – An exceptional European-style estate set high atop Touchdown Drive on over two ski-in/ ski-out acres. This custom-built residence and separate guest house are both artistically created and technically advanced; while offering the most discriminating finishes, fixtures, and furnishings throughout. Generous suites, recreation room, theater, gym and expansive outdoor areas accommodate all in fine fashion. Located on a rare south-facing lot; top-of-the-line kitchen appliances, electronics, lighting and heating systems; exceptional detail throughout includes cherry woodwork, plaster walls, and barrel-vaulted ceilings.



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