Current Market Conditions for November 2019
Residential sales volume through October was $147,547,475 down $15,668,379 from last year along with amount of transactions (181 compared to 262). The average sales price, $814,057, is up 23% from $622,961 last year. Currently another 43 properties are under contract totaling $38,192,860, 9 of which are listed at $1mil or more. If all current under contract inventory closes we should be very close to 2018 total year end sales.
In October, we had 12 single family home sales and 13 condo/town home sales in the upper valley. These 25 sales totaled $21,061,500 which was over $3.4mil more than in September. Sales ranged from a two bedroom Three Seasons condo selling for $203,000 to a beautiful home on the golf course selling for $2,575,000.
There were two more land sales over last month with 13 sales totaling $3,419,500 in volume. This represents a decrease of only $298,000 in volume from last month. Sales ranged from a 1.26 acre Almont parcel for $33,000 to an Elk Avenue parcel selling for $875,000.
SF = single family residence
Inventory is down a whopping 22 properties over last month. Expect prices to continue to rise.
* Change from last month in parentheses
Current InventorySF = single family residence
Leading the Market
Through the end of October the Crested Butte Collection has been involved in $32,522,600 of sales volume representing nearly 6% of the entire real estate market in Gunnison County.*
*Source: CREN October 31st, 2019
All reported statistics were not necessarily listed/sold by Crested Butte Collection. Information is intended only to show trends in the area.
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.