Teddy Errico closes a Short Sale in Telluride Again!

This past week, Teddy Errico closed a short sale of a studio condominium in Telluride, Colorado. That’s two short sale closings in two weeks! The purchase price was less than half of the debt owed by the Seller. Its a tough and sad scenario, but the Seller gets some debt forgiven and a Buyer gets … Read More

Telluride’s Clarks Market Project is Back on the Table for Expansion.

The Clarks Market project is back on the table for expansion. No longer will there be a residential condominium component. The new Clarks Market would be a single story addition and add 6,592 square feet, almost half of the original application. The expansion will lead to more selection, cheaper pricing (because of more storage space) … Read More

Cornerstone Golf Course Changes Hands Again

The future for the upscale Cornerstone Golf Course, that ceased operation in June, has gotten brighter. An investment group from Nashville, Tennessee and Arkansas, along with the current owners of the Bridges Golf Course in Montrose Colorado has purchased a majority of the club’s assets. In addition, the Greg Norman Golf Course, which is closed, … Read More

Teddy Errico Completes Another Short Sale in Telluride

Peaks Real Estate/Sothebys International Realty Broker Teddy Errico recently closed a two bedroom/one bath condominium in historic Telluride, Colorado. This short sale enabled the Seller to be forgiven well over a six figure debt, and a Buyer to get a very good deal. Teddy’s working on closing numerous other short sales in The Telluride region. … Read More

What You Need to Know About Telluride and The Pro Bike Challenge

First of all, the Pro Bike Challenge Race in Telluride is Monday August 20th and we will be the finishing stage from Durango to Telluride. Finish Line: Main Street and the racers will head west to finish after their loop through historic Telluride on Main Street up Townsend Street to Columbia Avenue, back down Willow … Read More

Teddy Errico of Peaks Real Estate/Sotheby’s International Realty Sells Element 52 Unit SW301

Teddy Errico, Broker Associate for Peaks Real Estate/Sotheby’s International Realty participated in the sale of Southwest Residence 301 at Element 52 on August 9th. The luxurious three bedroom residence closed for $1,559,000 and features high-end finishes throughout including walnut floors, plaster walls, granite, in floor heat and much more. Element 52 is located in historic … Read More

Telluride Summer Tourism Is Up

Early projections show that tourism in the resort towns of Telluride and Mountain Village are up for the summer of 2012. As of the end of June, Mountain Village shows an increase of 2.8 percent for June sales tax revenue. This contrasts the winter season which was down by 8 percent in sales tax revenue … Read More

Telluride July 2012 Real Estate Numbers Up 34 Percent!

July 2012 Property Sales in San Miguel County continue to stay postive. Overall July 2012 was up 34 percent as compared to July 2011 and the number of sales increased by a whopping 143 percent. Year to Date, Telluride continues to improve off of 2011 with total sales volume of over $161 million, and up … Read More

Dave Riley No Longer CEO at Telluride Ski Resort

Earlier this week, Dave Riley, the CEO of Telluride Ski and Golf Company was reassigned to Newport Federal Financial and will assume the same role as CEO. Telluride Ski Resort Owner, Chuck Horning has not announce a replacement as of now. Riley had been with Telluride Ski and Golf since 2007. Under Riley, Telluride expanded … Read More