As the snow levels drop, blanketing the peaks in white, we continue to see steady interest in luxury homes with 9 single family homes over $1 million currently under contract. Condos and properties under a million continue to go under contract quickly despite this being the “off-season”.
Inventory is sparse as we head into the off-season. There are currently 19 single family homes on the market in the town of Crested Butte. Mt. Crested Butte has 20 active homes, down one from last month. Mt. Crested Butte condo inventory stayed steady with 40 active condos and town homes on the market. Rural Crested Butte inventory has remained consistent with 11 condos and town homes and 53 single family homes on the market, down slightly from 55 last month. Crested Butte South remained a high demand area this fall and inventory is extremely low with only 5 single family homes, and only 8 condos/town homes.
We experienced 34 single family home and condo sales in the upper valley in October totaling $25,021,394. Sales ranged from a remote Schofield cabin selling for $89,000 to a magnificent East River home selling for $3,400,000.
Land sales remained steady going into off-season with 15 sales in October totaling $4,425,300, one of which was our 35+ acre listing in Red Mountain Ranch.