The August 9, 2024 Telluride condo snapshot for ZIP code 81435 reported a $2,300,000 median list price, 61 listings and a Market Action Index (MAI) of 27, compared with 28 in the prior-month commentary. These are archived measures, not current availability.
| Measure | Reported value |
|---|---|
| Median list price | $2,300,000 |
| Median price of new listings | $2,787,500 |
| Price per square foot | $1,864 |
| Average days on market | 131 |
| Median days on market | 77 |
| Listings with price decreases | 21% |
| Listings with price increases | 0% |
| Relisted listings | 0% |
| Inventory | 61 |
| Median rent, period unspecified | $6,500 |
| Market Action Index | 27; prior month 28 |
The graphic compares these figures with a July 2024 reference of 58 listings, $1,883 per square foot, 137 average days on market and a $2,312,500 median list price. Its July reference is not identified as the July 12 report and should not be silently substituted for that separate weekly snapshot.
The original FAQ incorrectly said prices declined 21% that week. The data field actually reports the share of listings with price decreases. The amount of each cut and the change in closed-sale prices were not supplied. Average days on market was 131 versus 137 in the graphic’s July comparison, so that comparison also does not support the old statement that marketing times had lengthened.
The original index label was a slight buyer’s advantage. MAI 27 and its one-point decline from 28 describe that historical reading; they do not identify a market bottom or establish an ideal time to invest.
Source: the original Mountain Rose Realty snapshot reproduced here. The Altos market-data guide describes MAI as a supply-and-demand indicator, with readings near 30 broadly balanced.
These are historical asking-price and active-listing measures for the report’s 81435 market area. They do not establish closed-sale values, appreciation, rental income or conditions throughout San Miguel County. Changes in the mix of listings can change the median. A listed rent field without a lease period or sample definition cannot establish achievable rent or investment returns.
For a current comparison, ask Anne-Britt Ostlund at Mountain Rose Realty for dated active, pending and closed comparables matched to the property type, location, condition and price range. Condo buyers should also review association documents, dues, reserves, assessments and the particular unit’s permitted uses.