Telluride Market Invincible as Homes Average $1 Million

While the rest of the country’s house prices plummet and home sales decrease drastically, Telluride is on cloud nine.

The average home price in 2007 averaged $1.19 million, crossing the $1 million mark for the first time ever. That figure includes townhouses, split-levels and deed-restricted condos in Norwood, Ilium and Hastings Mesa, according to data from Telluride Consulting.

The sales total for last year was 11 percent higher than in 2006. Mountain Village saw a 42 percent increase in home sales last year, although condos saw a drop in sales. Read more on the Telluride Daily Planet.