The Crested Butte real estate market experienced robust growth in 2017. Overall average price, numbers of properties sold, and sales volume all increased between 18% and 41%. Each of these metrics was the most we have seen in the Crested Butte area in the past ten years.
The single-family home segment saw sales volume growth in almost all areas with rural Crested Butte, Crested Butte South, and rural Gunnison and Almont homes having 40% plus rates of growth. The condo and townhome segment also saw high rates of sales volume growth in Mt. Crested Butte and the surrounding areas with growth rates above 33%. The land segment saw extremely high rates of sales volume growth in both Mt. Crested Butte and rural Crested Butte. Mt. Crested Butte land sales volume was $2.9 million in 2016 and $7.4 million in 2017. rural Crested Butte land sales volume was $7.6 million in 2016 and $18.2 million in 2017.
There are currently 51 properties under contract in the Upper Valley with a listing value of $29.6 million.
We are expecting an active real estate market in 2018, with average prices expected to rise throughout all market segments. With over half the available properties currently on the market being vacant land, we expect an dramatic upward trend in that sector.
Click Here for our full year end market report.
Thinking of Selling Your Crested Butte Property?
I am happy to report I am a top agent for the sixth year in a row, 4th in sales volume with $28,495,751 sold and 2nd for amount of transactions with 66 completed in 2017. I have the local experience to represent you with the highest degree of professionalism whether a buyer or seller. Call Me Anytime