Monday June 20, 2016
Alpine Title's Executive
Summary
TELLURIDE, CO
Single Family Homes
This Week
The median list price in TELLURIDE, CO this week is $2,997,000.
The Market Action Index has been trending down lately, while
inventory and days-on-market are climbing. The trends imply a
weakening market.
Real-Time Market Profile
Trend
Median List Price
$ 2,997,000
Asking Price Per Square Foot
$ 739
Average Days on Market (DOM)
139
Percent of Properties with Price Decrease
13 %
Percent Relisted (reset DOM)
6%
Percent Flip (price increased)
1%
Median House Size (sq ft)
4286
Median Lot Size
0.50 - 1.0 acre
Median Number of Bedrooms
4.5
±+
±+
==
Median Number of Bathrooms
Supply and Demand
Market Action Index
The market has shown some evidence of slowing recently. Both
prices and inventory levels are relatively unchanged in recent weeks.
Watch the Market Action Index for changes as it can be a leading
indicator for price changes.
±+
No change
5.0
Strong Buyer's
21.9
±+
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 7,950,000
7923
Upper/Second
$ 3,750,000
Lower/Third
Bottom/Fourth
Lot Size
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Beds
Baths
Age Inventory New Absorbed DOM
1.0 - 2.5
acres
6.0
7.0
15
35
1
0
138
Most expensive 25% of properties
4900
0.50 - 1.0
acre
5.0
6.0
16
35
2
1
146
Upper-middle 25% of properties
$ 2,472,000
3507
0.25 - 0.50
acre
4.0
5.0
20
36
2
1
140
Lower-middle 25% of properties
$ 1,432,500
2385
4,501 6,500 sqft
4.0
3.0
23
36
2
2
131
Least expensive 25% of properties
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