Real estate sales in Eagle County were brisk in August, but prices are down from last year’s levels.
According to the most recent data from Land Title Guarantee Co., there were 126 completed sales in Eagle County in August. It was the second-best month for completed transactions since 2008. Nearly half of those sales — 58 — came from Eagle, Gypsum and the Basalt/El Jebel areas.
While sales were brisk — at least compared with the past few years — prices continue to lag. The sales of $500,000 and less — 56 — made up nearly half of all sales but accounted for less than a quarter of the dollar volume. The average sale price of the lower-priced units was just less than $270,000.
Sales of properties owned by banks — usually due to foreclosure — made up nearly one-third of the total. All but two of those sales were in the $1 million and less category.
Stewart Seeligson’s business education and diverse real estate experience set him apart from other real estate brokers in the Telluride region.