Property prices for sale in Telluride (Colorado)
The prices in real estate in Telluride, in the Colorado region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Telluride has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,948. In the following month the price per sq.feet increased considerably to $3,108. The price for the following two months in (December, January) had a considerable increment of 140 %. The price per sq.feet has had a considerable deflation of 72 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $3,034 to $2,188.5 during February, and March.
Based upon to the price in Telluride (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $5,989,945. In November This price remains at $6,209,074. In the following two months the average price has remained the same with regard to the previous two months from $6,099,509.5 to $6,038,481.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $6,068,995.5 to $5,524,636.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $5,240,287 they are 75 % more affordable than the average price for Telluride. The properties with the highest average price have 4 bedrooms, Their price is 36 % more costly than the average. After that we have properties with 3 bedrooms priced at $4,192,719.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $1,844 / sq.feet, with an average $2,408 / sq.feet price in Telluride. The properties with the lowest average prices have 4 bedrooms. They are 10 % cheaper than the average followed by properties with 3 bedrooms with a price at $2,053 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $5,240,287 it is 45 % cheaper than the average price in Telluride. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $3,046,667 it is 34 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $1,802 / sq.feet followed by "House" priced at $1,879 / sq.feet. "Land" is the most costly type of property with a $355,432 / sq.feet cost followed by "Condo" with an average price of $2,109 / sq.feet.
