DOUGBERRY/Getty Images

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.

Main Street in Telluride

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.