Telluride, CO

Telluride, Colorado is a picturesque mountain town that has been attracting visitors for years. The town is known for its natural beauty and stunning scenery. It is also home to some of the most prestigious real estate in the country.

The real estate market in Telluride is very competitive, and there are many homes on the market that are priced at well over $1 million. However, because of the high demand and limited supply, prices continue to rise year after year. In fact, according to Zillow, the median home price in Telluride was $1,569,000 as of September 2017.

One reason why prices have risen so much in Telluride is because of its proximity to some of the most popular ski resorts in North America. Many people who live in Telluride commute to these resorts every day, which drives up demand for housing near these attractions. Additionally, many people who live in Telluride own vacation homes there which also contributes to high prices.

Despite being a very expensive town to live in, there are still many opportunities for people who want to buy or sell property there. The town has a population of just over 7,000 people and it is not difficult to find someone who wants to sell their home. Additionally, because real estate transactions can take several months or even years to complete due to the high demand for properties there, buyers should be prepared for a long wait times if they want to purchase a property in Telluride.