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Greetings,
The real estate market in the Telluride region for June is demonstrating a very consistent trend. Through the end of June, the overall dollar amount of sales was up 9% with the number of sales down 13%. Buyers are picky and seek very specific properties that meets their family’s needs and wants. I used to own three Häagen-Dazs ice cream stores. The most important thing is what flavor does the buyer want and how many scoops. Real estate buyers usually have in mind what they want before they look and how many bedrooms. Of course, location and views are important so that factor really dictates what sells too. My point is that buyers look for what fits with all of the above. While inventory is reasonable, there are a lot of flavors that just aren’t as popular as they used to be. Hence, buyers are still picky and might want strawberry rather than vanilla. Notable Fact: In 2025, there was only one home sale more than $12 million in the Town of Telluride and only three home sales in the Mountain Village over $12 million. Click here for the Telluride Consulting June report.
National Real Estate: For the first time in United States, the average first-time homebuyer was 40 years old in April. In 1981, it was 29 years old. Also nationally, there are 242 cities where the typical starter home cost more than $1 million, up from 80 cities in February of 2020, before the pandemic set off a surge in home prices.
Colorado Resort Markets: Colorado Ski Areas saw a 24% collapse in visitation in 2025-26, making the sharpest downturn for the state’s resort industry in more than 40 years. After four years of record-setting ski traffic, visits to the state’s approximately 28 ski areas fell to 10.5 million in 2025-26, down from13.9 million in the previous winter.
Colorado ranks as the sixth costliest state for homeowner insurance, with the average premium doubling between 2018 and 2023.
For Immediate Release: The Town of Telluride has implemented ‘Stage 2’ Fire Restrictions that restricts open fires of any kind, no fireworks, and strict smoking restrictions in the TOT. Mountain Village and the rest of the county is much the same.
Colorado Statewide Real Estate Reports: To see the sales reports for 30+ markets in Colorado. Click here for the June report. If you need a seasoned real estate broker anywhere in Colorado, I can find you one of the best in every local market. That comes from 35 years of networking in Colorado. I am well connected to a great real estate broker in all of these markets.
Visual Capitalist: The Richest Countries by Average vs. Median Wealth. See how the world's richest countries per adult compare in 2026. >> View more
Note: The average wealth in the United States per adult in 2026 is $696 thousand. The median (middle) in only $69 thousand.
Regional Wildfire Mitigation Services: If you would like to learn how to make your home wildfire defensible, check out these websites and local resources:
Top Ten Things Mostly About Real Estate:
- Miami is ranked the worst city in the United States for termites for the fourth year in a row.
- 10% of the United States households own 87.4% of the stock market wealth.
- 15.4%: The month-over-month decline in housing starts in May 2026 mostly due to high mortgage rates and rising building material costs.
- The national median asking rental rate in May was $1,686, down 1.5% year-over-year for the 34th consecutive month of declines.
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In 1867, the United States purchased Alaska from Russia for $7.2 million - about 2 cents per acre. That would be roughly $168 million today. Pretty good real estate buy!
- Warning: Credit cards with delinquencies have reached the highest level in 17 years.
- May new home sales slid 7.3% month-over-month and are down 30% since November 2025.
- The first census in the United States was done in 1790. It counted 3,929,214 people. The survey asked households to categorize people in their household by age, sex, race, and enslaved status.
- The U.S. is home to 23.6 million millionaires, representing 41% of the global millionaires.
- In 2025, people living alone comprised the largest share of households (29.5%) for the first time in history in the United States.
Disclaimer: We track dozens of local, state, national and international news sources to compile our monthly Tellugram newsletter. We retain those sources for about approximately a month after each Tellugram newsletter is published. If you ever want the original source for any of the information in this newsletter, just send us an email and we’ll send you that source as best we can.
Real Estate Question of the Month: In the first six months of 2026, were there any areas of the Telluride regional market that had no home sales?
Answer: Yes. The Aldasoro Subdivision and the Ski Ranches Subdivision had NO home sales in the first six months of 2026. Very unusual.
Quote of the Month: "Patience and perseverance have a magical effect before which difficulties and obstacles disappear" – John Quincy Adams
Best to you,
George Harvey, Jr.
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