News of Vail’s plans to purchase Crested Butte Mountain Resort has impacted buyer and seller confidence as we see a flurry of activity. There are currently 23 single family homes on the market in the town of Crested Butte, up from 14 last month. Mt. Crested Butte has 26 active homes, shy two from last month. There are currently 74 active condos and townhomes on the market in Mt. Crested Butte. This is down 9 as more properties are put under contract than condo supply can keep up with. Rural Crested Butte has 12 condos and townhomes, up a couple from last month and has 59 single family homes on the market, up from 50. Crested Butte South has also seen an increase in supply from 9 to 13 single family homes on the market and now has 8 condos and townhomes, one more than last month.
We had 28 single family home and condo sales in the upper valley in June totaling $13,914,949. Sales ranged from a base area Grand Lodge Condo selling for $86,500 to a 4 bedroom, 4.5 bath, spec build Gold Link home in Mt. Crested Butte selling for $1,600,000. We currently have $32,607,439 of single family homes and condos under contract in the upper valley.
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