Telluride’s Buyer’s Market Best in a Decade
Telluride, Colo.—Broker Associate George R. Harvey, Jr., of Telluride Properties, has composed a Telluride region market update for the first six months of 2009. Created using information from Telluride Consulting and Telluride Multiple Listing Service, Harvey’s report details Telluride’s “best buyer’s market in a decade.” One-hundred and eleven properties have sold in the first six months of 2009, though it will take 15 years to sell the current inventory at the current rate. Thirty-five percent of listings have dropped in price since the start of the new year. Harvey has said, “While I see our market unfortunately continuing at this slower pace for 6 to 12 more months, I do not see the buying opportunity getting any better than it is now.”
To contact George or for more information, visit www.TheHarveyTeam.net
– Sarah Binder
