This market has recently become very active, with 53 units sold through the 2nd quarter of 2003. Located primarily in Telluride and Mountain Village, condominium projects offer a number of varieties and choices. The lower priced condos have been gobbled up over the last two years therefore crating a dirth of supply and huge price jumps. Several new projects with very high quality finishes and large square footage are priced from $500,000 to $1 million. These are located both in Telluride and in Mountain Village.
There are several very capable management companies in the area that can handle rentals of your condo when you are not using it. This is a great way to defray some of your ownership expenses.
