Telluride Real Estate & Market Update — March 2026
Community & Ski Area Highlights
This winter hasn’t followed the typical Telluride playbook. Warmer temperatures and below-average snowfall across the West shaped an unconventional season, compounded by the ski patrol strike over the Christmas holiday.
That said, the mountain is operating well, with 122 of 147 trails currently open. Most terrain closures remain in the higher alpine off Palmyra Peak. Recent storms over Presidents’ Weekend and late February brought welcome snowfall, though mild temperatures have limited snowpack retention.
Tourism Snapshot
Winter occupancy in Telluride and Mountain Village is currently tracking approximately 16% behind last year. While February delivered meaningful snowfall, sustained temperatures in the 50s have softened conditions.
For those considering a last-minute March visit, I’m happy to assist with accommodations, dining, and curated local recommendations.
Real Estate at a Glance
Inventory across Telluride, Mountain Village, and surrounding communities continues a modest upward trend, with 487 active listings, up slightly from 485 on February 1.
San Miguel County Market Snapshot
- Land Median Price: $1,862,000
- Home Median Price: $6,374,000
- Condo Median Price: $2,199,000
- Homes Average Days on Market: 218
Town of Telluride
- Homes: $2,757/SF | Avg. List $9,258,947 | 276 DOM
- Condos: $2,129/SF | Avg. List $3,608,775 | 172 DOM
- Land: Avg. List $3,388,455 | 275 DOM
Mountain Village
- Homes: $1,708/SF | Avg. List $9,961,639 | 232 DOM
- Condos: $1,660/SF | Avg. List $2,721,870 | 205 DOM
- Land: Avg. List $5,156,423
Regional Sales Activity
February 1 – March 1
- 32 closings totaling $86M
- Average list-to-sale ratio: 89%
- Average days on market: 220
Notable Sales:
- 133 Victoria Drive, Mountain Village — $17.5M
- 6154 & 5636 CR 23, Ridgway — $16.9M
2025 Year-End Totals
- 531 closings totaling $933,311,833
- Closed at 90.51% of original list price
- Unit sales up 3% year-over-year
- Total dollar volume down 10% year-over-year
- Average days on market: 174
These figures reflect a market that has normalized. Demand remains intact, but buyers are increasingly selective. Sellers, particularly at the upper tier, are generally well-positioned and not compelled to discount aggressively. The result is a more balanced environment where pricing strategy and property quality matter more than ever.
Development Spotlight
Mountain Village is experiencing a meaningful development cycle, led by the highly anticipated Four Seasons project.
Four Seasons Hotel & Private Residences
- 52 hotel rooms + 69 private residences
- Pricing range: $4M – $40M
- 23 residences sold to date
- Average sold price per square foot: $4,100
Highline Residences
- 16 luxury condominiums
- 12 sold
- Average sold price: $6.9M
- Average sold price per square foot: $2,895
Currently, there are 40 condominiums under contract in Mountain Village, and notably, 35 of those are either at Four Seasons or Highline. This underscores a clear trend: today’s buyers are gravitating toward new construction and are willing to pay a premium for modern design, brand affiliation, and turnkey ownership.
If you would like a more granular analysis specific to your neighborhood, price band, or property type — or if you are evaluating spring buying opportunities — I am always available as a resource.
Think snow.
Warm regards,
Mike
