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Compared to Vail and Aspen,Telluride, Colorado, has always been smaller and funkier.
Its harder to get to and therefore sees fewer tourists, something the ski-loving locals love about it.
As demand increased, home prices did, too.
Winter in Telluride, Colorado with Ajax Peak seen over Main Street.Credit:DOUGBERRY/Getty Images
In Telluride, over 38 percent of the listings on Realtor.com were over $5 million.
Aspen wasnt far behind, at No.
2, whileTeton Village, Wyoming(at the base of Jackson Hole Mountain Resort) was ranked No.