Welcome to my November edition of the Crested Butte Collection.
We had a spectacular fall season here in Crested Butte and have been enjoying the relaxing atmosphere of "off-season". The temperatures and snow elevation levels are dropping as we head into November. Visitors and locals alike are getting in the last days of biking and hiking before breaking out the ski gear. The Crested Butte Film Festival was an absolute blast and we all had a great time at the 7th Annual Zombie Prom. We are looking forward to the holidays and all of the winter outdoor activities.
Real Estate Market Overview
I am excited to inform you about the constant market improvement we are experiencing. Our overall sales volume for the upper East River Valley has increased an impressive 47.3% year to date. The first quarter of the year was slightly down from 2016, therefore this entire growth has happened during the second and third quarters of 2017.
Rural Crested Butte single family homes and lot sales are both up 127% compared to last year. Mt. Crested Butte condo sales volume is up 28.2% with average days on the market dropping 31.2%. Land continues to rebound as the average price of residential properties continue to increase year over year.
As of mid October the overall sales volume was more than $200 million for the upper valley and there are currently 76 pending contracts with a listing volume of $48 million. We could end up with over a quarter of a billion in volume for the upper valley for the first time in our history.
Click here for our comprehensive third quarter market report.
If you’re looking to preview and purchase a property that interests you, contact me anytime. You can search all Crested Butte inventory by clicking here.
Currently there are 19 single family homes on the market in the town of Crested Butte, 2 less than in October. There are currently 28 active homes on Mt. Crested Butte, down from 31 previously. Mt. Crested Butte has 68 active condos which is down slightly from October as buyers have been taking advantage of the fall and pre-winter season. The least expensive home in the upper valley remains a Crested Butte South home listed at $530,000. Crested Butte South still has only 7 single family homes on the market.
We saw 30 residential sales in the upper valley for October. Sales ranged from an Evergreen Condo selling for $184,500 to a beautiful ski-in/ski-out, 5 bedroom, Mt. Crested Butte Home selling for $2,350,000.
Thinking of Selling Your Crested Butte Property?
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The Evolution Bike Park wrapped up their summer season on October 1st as the Crested Butte Mountain Resort turns their attention to snow making and prepping the mountain for the upcoming ski season. Town activities have slowed down a bit as everyone gets ready for ski season however there is still plenty of time to get out and bike or hike this fall while we enjoy a long Indian summer.
Local November Events
Off Season Historic Pub Crawl - Nov 16 Crystal Bowersox ~ Nov 17 Tenth Mountain Division ~ Nov 18 Donation Day ~ Nov 22 CBMR Opening Day - Nov 23
Click here for additional local events.
In the News
For more community news visit my Community Blog.
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72 Hunter Hill Road #I304 Mt. Crested Butte, Colorado81225
4 Bed | 3 Bath | 1,833 SqFt | $630,000
72 Hunter Hill Road #I-204 Mt. Crested Butte, Colorado81225
3 Bed | 2 Bath | 1,330 SqFt | $525,000
70 Hunter Hill Road #P104 Mt. Crested Butte, Colorado81225