Crested Butte Collection Newsletter
September 2019 Edition
The days are getting shorter and the morning air crisper here in Crested Butte indicating fall is right around the corner. The hustle and bustle of summer is winding down as we look forward to the quiet fall season. This weekend we celebrate one of our greatest events, the 21st Annual Crested Butte Chili & Beer Festival. Enjoy locally made chili, delicious craft beers and live music at the Crested Butte Mountain Resort base area.
The overall residential real estate market continues to trail behind last year by almost $8mil in sales volume. Another $47mil is currently under contract so we have some catching up to do if we expect to hit the sales volume of $198mil in 2018. The average sales price is up a whopping 26% to $794,452 from $589,959 and inventory pretty much remains stagnant with only two more over last month.
Corey | Stacey | Trevor | Erin
Leaders in Crested Butte Real Estate
Through the end of August, the Crested Butte Collection has been involved in $23,810,200 of sales volume representing nearly 6% of the entire real estate market in Gunnison County. We are ranked #1 for amount of transactions and #2 for volume.*
*Source: CREN August 31st, 2019
Current market conditions
What started off as a slow summer due to an incredible large snowfall has continued through our busiest months. It appears the market has leveled off and is in a slight decline as prices increase substantially. Residential sales volume through August was $108,839,975 down $7,971,995 from last year along with amount of transactions (137 compared to 198). The average sales price, $794,452, is up 26% from $589,959 last year. Currently another 45 properties are under contract totaling $42,657,400, 14 of which are listed at $1mil or more including a beautiful estate right outside of town listed for $3,375,000 of which we represent the Buyer.
For a comprehensive view of last month’s sales and current inventory, view our September 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.
In the News
Paradise Park Developer Gets Another Chance at Securing Bond
One-Year Extension Granted to Brush Creek
Proposed Nordic Inn Future Remodel Unclear
Crested Butte Council Gets Update From Mt. Emmons Mine
USFS Makes Formal Move to New Camping Policy Around CB
Mt. Crested Butte Lodging Tax Proposal Finalized & Ready For November Ballot
North Village Owners Begin Talks
E-Bikes Allowed on The Rec Path
Town Continues With Proposed Demolition Ordinance
FHA Condo Rules Will Give Affordability a Boost
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