Crested Butte Collection Newsletter
August 2019 Edition
We are enjoying the warm, sunny summer days here in Crested Butte and the “Super Bloom” of wildflowers has been absolutely amazing this year! Colorado’s premier art event and one of the top art events in the nation, the 47th Annual Crested Butte Arts Festival, starts today and runs though the weekend. The Alpenglow summer concert series continues each Monday evening through August 19th and on Wednesdays, the Live! From Mt. CB summer concert series at the Crested Butte Mountain Resort base area runs through August 14th.
The north end of the valley is buzzing with activity this summer. Vail announced its intent to acquire 100% of the outstanding stock of Peak Resorts, Inc. in order to gain 17 additional U.S. ski areas. The Oh Be Joyful Campground received a major facelift and the Forest Service plans to eliminate dispersed camping to protect our beautiful backcountry. In addition, the Crested Butte Land Trust and the U.S. Forest Service executed an official “exchange agreement”, a major milestone in the Long Lake land exchange project.
The overall residential real estate market is down from last year as June was the slowest we have experienced in years. Click here fo the surprising culprit. See our full market report below and click here for our brand new luxury home listing in the town of Crested Butte.
Corey | Stacey | Trevor | Erin
Leaders in Crested Butte Real Estate
Through the end of July our team has been involved in $20,565,200* of sales representing 6% of the entire Gunnison County real estate market. Rely on our experience, work ethic and passion for real estate to ensure your transaction goes smoothly.
*Source: CREN July 31, 2019
Current market conditions
The overall residential real estate market is down slightly from last year due to the almost nonexistent June traffic we experienced because of an extremely high level of snowpack. Sales volume through July was $86,390,200 down $4,712,669 from last year. Amount of transactions also down (115 compared to 156) but the average sale price, $751,219, is up 22% from $583,992. With summer now in full swing, the arrival of a whole new wave of interested buyers and increased contracts we are still expecting record breaking sales volume the second half of the year.
For a comprehensive view of last month’s sales and current inventory, view our August 2019 Market Report.
If you’re looking to buy or sell in Crested Butte and the Gunnison Valley, please contact us. We are happy to provide information on the area, a list of properties that suit your criteria, and/or prepare a complimentary comparative market analysis to assess the value of your property.
193 Larkspur Lane
5 BR | 5.5 Bth | 6,976 Sq Ft
327 Elk Avenue
5 BR | 3.5 Bth | 3,160 Sq Ft
12 Summit Road
Mt. Crested Butte
4 BR | 4 Bth | 3,347 Sq Ft
6001 County Road 811
3 BR | 3.5 Bth | 3,122 Sq Ft
450 Oversteeg Gulch Road
3 BR | 2 Bth | 1,497 Sq Ft
64 Paradise Road
Mt. Crested Butte
4 BR | 3 Bth | 2,361 Sq Ft
The days are warm and summer is in full swing. There is so much going on this month, including the Crested Butte Farmers Market and one of the nation’s top art events, the Crested Butte Arts Festival. Click the link below to view many of the great August events and carve out some time to get out there and enjoy summer.
In the News
We build our business on integrity and service. The highest compliment we can receive is the referral of friends, family and business associates. Thank you for your trust.
Corey Dwan | Broker Associate | Team Leader
Crested Butte Collection