San Miguel County Condo and Townhome Report: August 2026
The countywide townhouse and condo series moved differently from the single-family series through August 2026. Sales increased from seven to eight, the year-to-date median price declined, and available inventory remained limited in absolute terms. Because the sample is only eight completed sales, this report emphasizes counts and definitions alongside percentages.
Eight countywide sales define the year-to-date comparison
The Colorado Association of REALTORS® report recorded 16 new townhouse or condo listings and eight sold listings through August 2026. Through August 2025, it recorded 26 new listings and seven sold listings. New listings were down 38.5%, while sold listings were up by one transaction, reported as a 14.3% increase.
The year-to-date median sale price was $1,367,500, down 8.8% from $1,500,000. The average sale price was $2,332,875, essentially unchanged from $2,335,000. With eight sales spread across a county that includes different communities, buildings and price tiers, neither measure should be treated as a value change for a specific condominium.
List-price realization and marketing time
The average percent of final list price received was 94.2% through August 2026, down from 98.4% in the comparable 2025 period. The source excludes seller concessions and down-payment assistance from that calculation, so a contract can have economic terms not visible in the percentage.
Days on market until sale declined from 211 to 162 year to date, a reported decrease of 23.2%. That is a completed-sale statistic. It should not be substituted for days accumulated by current active listings or used as a prediction for one unit.
Inventory and months of supply moved in the same direction
The report showed 15 townhouse or condo units for sale in August 2026, down from 16 a year earlier. Months of supply fell from 12.0 to 6.0. August had four new listings and one sale. A change based on a single monthly sale is fragile, which is why the year-to-date counts and a building-level competitive set matter more for a specific decision.
Countywide data combines units with very different location, access, condition, HOA structure and use restrictions. It does not establish a separate trend for in-town Telluride condos, Mountain Village residences or any named building.
Source, scope and limits
Source: Colorado Association of REALTORS®, San Miguel County Local Market Update for August 2026, current as of September 3, 2026. The source covers San Miguel County and uses multiple-listing-service data from Colorado.
The report is public association data, not a Mountain Rose Realty transaction export. It does not identify unit mix, building, view, rental eligibility, HOA obligations or property condition. Those factors require current listing documents and comparable-sales review.
Frequently Asked Questions
- How many San Miguel County condos and townhomes sold through August 2026?
- Eight sold listings were reported through August 2026, compared with seven through August 2025.
- Does the 8.8% median-price decline apply to every condo?
- No. It compares the median of two small, potentially different countywide groups of sales. It is not a repeat-sales index and does not control for building, size, condition or location.
- Does six months of supply mean a balanced market?
- Not automatically. The series is countywide and based on limited activity. A property-specific assessment needs the relevant building or submarket, competing inventory and recent closed and pending sales.