4th quarter sales up

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November sales were up 10% in dollars and down 17% in the number of sales. Since January first of 2017, dollar amount of sales are up 35% and the number of sales are up 13% with one more month to go. Properties currently under contract in San Miguel County, excluding fractional and deed restricted properties total 47 and $71,348,500 in dollar amount of the asking prices. However, not all of those properties will close in December. By the end of January, we will send to you a very in-depth analysis of what the niche market sales were in the Telluride region and our predictions for real estate sales in 2018. By that time, we will know what the new Congressional tax program is and how it might affect you in regards to real estate ownership, especially the second home market. For sure, there will be some important tax changes affecting real estate in all categories from commercial, farm and ranch, primary home and the second home markets in the United States. It might surprise you that half of the buyers purchasing a condominium or home in the Town of Telluride or Town of Mountain Village use a loan to accomplish that purchase. The ability to deduct the interest on these loans is important to many buyers in our market. More on that in our January 2018 Tellugram.

This month our recommend business is Telluride Flights which is in the charter airline business. See the link in the right hand column of our newsletter where these recommended businesses links will be retained for your future reference.

The Telluride Ski Area has just been picked by Conde Nast readers as their Number One ski area in the United States for the fifth time out of the last six years! What a great testimony to Telluride, the Mountain Village and the Telluride Ski Company. Please share this link with your friends… (Click here) be lodging, restaurants, professional services or transportation servicing our region This month our recommend business is Telluride Flights which is in the charter airline business. See the link in the right hand column of our newsletter where these recommended businesses links will be retained for your future reference.

The Telluride Ski Area has just been picked by Conde Nast readers as their Number One ski area in the United States for the fifth time out of the last six years! What a great testimony to Telluride, the Mountain Village and the Telluride Ski Company. Please share this link with your friends… (Click here)