Telluride Median Home Price Hits $2.4 Million

$2.4 million. That's what the median home in Telluride costs now, a figure that's hard to ignore when considering the financial realities of living in a resort town. On a chairlift ride up the slopes of Aspen Mountain, the sound of skiers chatting and the smell of snow fill the air, but the conversation often turns to the cost of homes and the challenges of making a business work in a town where the price of a single home can rival the annual budget of a small business. For Chris Davenport, a ski legend and self-described professional risk manager, the key to success in both the mountains and the business world is a careful calculation of risk and reward.

As Davenport notes, his career has been shaped by a simple goal to ski every day, a goal that has become a life of discipline, calculation, and longevity. With decades of experience in the mountains, from big mountain competitions to guiding on peaks like Everest, Davenport has built a reputation as a skilled risk manager, able to assess and mitigate risks in some of the most challenging environments on earth. For comparison, the average cost of a home in Denver is around $640,000, while in Boise, it's around $430,000, making the Telluride market a unique and challenging one.

When asked to describe his career, Davenport says it depends on the setting, but if he had to distill it into a single phrase, he would probably say professional risk manager. This mindset has served him well, both in the mountains and in business, where he has worked with brands, developed products, and run trips and camps around the world. The trend is clear: a careful approach to risk management can be a key factor in success, whether you're navigating a challenging ski run or making decisions about investments and resource allocation.

Follow the money, and you'll see that Davenport's approach has been successful, with a career spanning decades and a reputation as one of the most skilled and respected skiers in the world. For folks around here, who are used to living and working in a resort town, the idea of managing risk to get the best outcome is a familiar one, whether it's assessing the risks of a new business venture or deciding when to take a chance on a new ski run. That's a 20% swing from the national median home price, and it's a figure that has significant implications for locals trying to make a living and raise a family in the area.

As Davenport notes, fear can be a factor in both the mountains and business, but it's often a sign that you haven’t done your homework or missed something important. By the time he's standing on top of a line, he's already done the calculus, and he knows what he's about to do. This mindset, which Davenport describes as a flow state, is one of complete focus, where you're thinking about the terrain, the snow, the weather, your line, and your partners, with no distraction. It's a mindset that can be applied to business, where managing risk and staying focused on your goals can be the key to success.

In the mountains, Davenport has learned to be calculated, rather than scared, and to approach each challenge with a clear-eyed assessment of the risks and rewards. This approach has served him well, and it's one that can be applied to business, where the stakes may be different, but the principles of risk management remain the same. As the cost of homes in Telluride continues to rise, it's an approach that may become increasingly important for locals who are trying to balance their personal and professional finances. The trend is clear: a careful approach to risk management, combined with a focus on discipline, calculation, and longevity, can be a key factor in success, whether you're navigating a challenging ski run or building a business in a resort town.

With a median home price of $2.4 million, the market in Telluride is certainly challenging, but it's also a market that is driven by a unique set of factors, including the beauty and allure of the mountains, and the desire of many people to live and work in a beautiful environment. For people in the valley, who are used to living and working in a unique and challenging environment, the idea of managing risk to get the best outcome is a familiar one, and it's an approach that can be applied to a wide range of challenges, from navigating a difficult ski run to building a successful business. As Davenport notes, the mindset that serves him well in the mountains is the same one that serves him well in business, and it's a mindset that can be applied to a wide range of challenges, with a focus on discipline, calculation, and longevity.

The community in Telluride is a unique one, with a strong sense of camaraderie and shared purpose, and it's a community that is driven by a desire to live and work in a beautiful and challenging environment. For locals, who face distinct financial challenges, the idea of managing risk to get the best outcome is a familiar one, and it's an approach that can be applied to a wide range of challenges, from building a successful business to navigating a difficult ski run. As the cost of homes in Telluride continues to rise, it's an approach that may become increasingly important, and it's one that can be applied to a wide range of challenges, with a focus on discipline, calculation, and longevity.

In the end, it's a matter of following the money, and seeing where the trends are headed. With a median home price of $2.4 million, the market in Telluride is certainly challenging, but it's also a market that is driven by a unique set of factors, including the beauty and allure of the mountains, and the desire of many people to live and work in a resort town. As Davenport notes, the key to success in both the mountains and business is a careful calculation of risk and reward, and it's an approach that can be applied to a wide range of challenges, with a focus on discipline, calculation, and longevity. The trend is clear, and it's one that will be worth watching in the months and years to come.