Skip to content

Archive for

Telluride Market Update

Market conditions have been quite strong during what is typically a slower time of year, with nearly $248m in closed sales and pending contracts in the last 90 days. 

Some notable statistics for the period include:

  • 60 sales over $1m
  • 11 sales over $4m
  • 6 sales over $7m

Significant Sales included the following transactions:

Telluride Sotheby's International Realty Bill Fandel

SOLD – Eagle’s Rest – $12,300,000 – Dec, 2012

Telluride Sotheby's International Realty Bill Fandel

SOLD – Ballard Penthouse – $3,400,000 – Dec, 2012

  • Two Mountain Village homes at $9.9m and $12.3m respectively
  • Two ranch sales of $12m & $17m
  • Two penthouses in the historic Town of Telluride of $4.7m and $3.4m
  • Average selling price for properties in and around the resort area was roughly $2.27m
  • Sold to List Price Ratio climbed from roughly 76% at the bottom of the market to nearly 90% of sales in this period
  • Days on the market has come down by nearly 1/3 for this segment as well
  • Average selling prices for SFH homes in the historic Town of Telluride have climbed to $1,027 psf

We have seen a brief slowdown in showing activity since the presidential election; though that can be partly attributed to seasonality, with most closings on schedule for before the first of the year in the interest of securing lower than forecast capital gains rates.

As to trends readily identifiable in this market, the highest quality assets offering perceived value in the best locations, be it ski-in/ ski-out locations or in the heart of our historic core area continue to generate the most interest and strongest pricing.

To a prosperous New Year…

125 Hang Glider Drive

Telluride Luxury Properties Bill Fandel125 Hang Glider Drive – Set within a grove of towering Aspen trees overlooking the groomed Double Cabin ski run, this extraordinary home & separate guest house offer the exceptional design of architect Tommy Hein, combined with the outstanding attention to detail of accomplished builder Overly Construction. The home offers multiple Master & Guest Suites across three levels of living & recreating areas. A fully-detailed gourmet kitchen opens to grand spaces framed by century-old logs with the refined finishes of plaster, stone, marble & granite found in the finest residents in ski country. Dramatic views of the surrounding peaks, mature trees & bordering ski run are available throughout the home, while separate recreation room, media room, bunk area and ski rooms accommodate dozens of family members or guests.

For more information:

See additional photos:!/media/set/?set=a.309536562480076.54958.281367361963663&type=1

137 Touchdown Drive

Telluride Sotheby's International Realty Bill Fandel

137 Touchdown Drive – An exceptional European-style estate set high atop Touchdown Drive on over two ski-in/ ski-out acres. This custom-built residence and separate guest house are both artistically created and technically advanced; while offering the most discriminating finishes, fixtures, and furnishings throughout. Generous suites, recreation room, theater, gym and expansive outdoor areas accommodate all in fine fashion. Located on a rare south-facing lot; top-of-the-line kitchen appliances, electronics, lighting and heating systems; exceptional detail throughout includes cherry woodwork, plaster walls, and barrel-vaulted ceilings.



For more information:

See additional photos:

125 North Pinion Street, Town of Telluride Telluride Sotheby's Intenational Realty Bill Fandel

 125 North Pinion – Exceptional family compound situated on four Town of Telluride lots with Main House, Guest House and large fenced yard and gardens. Custom-built brick home and two-car garage/ guest house offer enduring quality, exceptional views and privacy all within the heart of Telluride. Located just steps from the River Trail, Town Park, Bear Creek Canyon, shops, and restaurants; the home is an easy on-grade walk to everything. Towering trees offer summer shade, with oversized windows under vaulted ceilings framing dramatic views of the manicured grounds; mountain peaks and valleys in all directions. Perfectly suited to accommodate family and friends on a part-time or year-round basis. Cost of the estate parcel alone makes this compound an outstanding value in this supply-constrained market segment.


For more information:

See additional photos:!/media/set/?set=a.304744492959283.54046.281367361963663&type=1


427 Benchmark Drive – Ski Compound

Telluride Sotheby's International Realty Bill Fandel

 427 Benchmark Drive – Set on nearly five park-like acres within Mountain Village’s most exclusive neighborhood, this European-styled chalet is exceptional down to the smallest detail. Exclusively offered for sale for the first time in its history, this storied family compound is situated on the most dramatic and private ski-in / ski-out lots available. Carefully crafted and then completely remodeled by the team of Fortenberry Construction, the Main Residence and Guest House exude quality from top-to-bottom. Combining the rich character and design found in the Tyrolean estates of the European Alps, with the warmth and comfort of a Tuscan farmhouse; no expense was spared in its creation.


For more information:

See additional photos:

Telluride Sotheby’s International Realty Makes Name Change Official!



Peaks Real Estate Sotheby’s International Realty Changes Name to

Telluride Sotheby’s International Realty


TELLURIDE, Colo. (Dec 1, 2012) Peaks Real Estate Sotheby’s International Realty in Telluride and Mountain Village, Colo., today announced it has changed its name to Telluride Sotheby’s International Realty to better reflect the company’s broad market presence.

The ownership and leadership of the company continues under Nels Cary, owner and employing broker since it’s inception in 1989, and is supported by Peggy Raible, senior vice president, and vice presidents Bill Fandel, Lars Carlson, Sally Puff Courtney and Micheal Ward.  The firm operates six offices with a team of 38 licensed sales associates and support staff.  Telluride Sotheby’s International Realty will continue to serve the entire Telluride region from the Telluride valley to Mountain Village, surrounding neighborhoods and mesas and towns of Ridgway, Ouray, Montrose, Norwood and Rico.


Since 1992, the company has focused on serving the needs of buyers and sellers in Telluride.  In 2004, Peaks Real Estate was selected from among other companies in the region and awarded the Sotheby’s International Realty® affiliation.


“Our goal is to put our associates in a position to best serve their clients,” said Cary. “The worldwide Sotheby’s International Realty brand designation has brought a level of capability and professional services to our clients that is unparalled in the market.  Our firm has a history of trust, honesty and professionalism in our market and our seasoned professionals and prominent locations, along with the international reach of the Sotheby’s International Realty brand and its world-class technology, will offer an unmatched platform for our team and our clients. Our mission continues to be serving our clients in the finest manner and contributing back to our communities in meaningful ways.”


Telluride Sotheby’s International Realty listings will be marketed on the global website as well as  In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.

“Telluride Sotheby’s International Realty is a leader in this luxury resort market,” said Philip White, president and chief operating officer, Sotheby’s International Realty Affiliates LLC.  “The new name reflects the firm’s robust market presence and service to all its segments.”


The Sotheby’s International Realty network currently has more than 12,600 sales associates located in approximately 650 offices in 45 countries and territories worldwide.


About Sotheby’s International Realty Affiliates LLC

Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby’s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global provider of real estate services. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house.  The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit

%d bloggers like this: