February 2, 2024 market archive. The original report described Telluride-area listings with a median asking price of $8,750,000. It is a historical listing snapshot, not a current appraisal or a report of what homes actually sold for.
| Measure | February 2, 2024 value |
|---|---|
| Median list price | $8,750,000 |
| Median price of new listings | $10,750,000 |
| Price per square foot | $1,589 |
| Average days on market | 242 |
| Median days on market | 193 |
| Listings with price reductions | 29% |
| Listings with price increases | 3% |
| Relisted properties | 2% |
| Inventory | 62 |
| Median rent | $20,000 |
| Market Action Index | 25, unchanged from the prior comparison |
The $10,750,000 figure is the median for newly listed properties. The earlier FAQ incorrectly called it an average. New listings are a subset of inventory, and their median cannot be compared with the overall median as though the same homes increased in value.
The original commentary described the Market Action Index of 25 as a slight buyer advantage. An index reading is not a predicted price change. The percentages for reductions, increases and relistings describe listing activity; they are not percentage changes in each home’s value and are not necessarily mutually exclusive groups.
Average days on market and median days on market describe different summaries of listing exposure. Neither gives a deadline by which a particular home should sell. A lower asking price may attract attention, but a successful sale still depends on the property, competing inventory, financing and buyer demand.
The $20,000 rent figure is retained as the historical number printed in the report. Its lease period, rental sample, permitted uses and operating expenses were not documented. It is not a property-specific income forecast or a basis for a reliable investment return calculation.
The source referred to Telluride and ZIP code 81435 without clearly defining the property subtype, exact boundaries, sample or exclusions. This page therefore does not relabel the figures as verified single-family statistics or assume that the ZIP exactly matches Town limits. The original source did not supply a chart or underlying data sufficient to reproduce the figures.
Altos Research’s overview provides background on listing-market measures. For a decision now, request a fresh report with its date and filters shown. Compare relevant closed sales with active competition, and account for location, size, condition, carrying costs and any use restrictions. National trends and broad Telluride medians cannot replace that property-level work.
For comparable sales, competing listings and property-specific questions in Telluride or Mountain Village, contact Anne-Britt Ostlund at Mountain Rose Realty.