Crested Butte Collection Newsletter
November 2019 Edition
November is here and we are anxiously awaiting opening day November 27th at Crested Butte Mountain Resort. The off-season, though short and colder than usual, allowed many of us the chance to wind down after the busy summer season. While we watch the snow fall and look forward to the many winter activities and events, we are gearing up for yet another winter season with undoubtedly more Epic Pass visitors.
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 kicker though is the average sales price, $814,057, is up 23% from last year! Who says the Vail effect has not occurred? With what is currently under contract we should end the year very close to last year’s totals.
Corey | Stacey | Trevor | Erin
Leaders in Crested Butte Real Estate
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
Current market conditions
It appears our market has leveled off with a decline in sales but dramatically increased prices. 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 though showing the Vail purchase has had some serious impact on our market. Currently another 43 properties are under contract totaling $38,192,860, nine of which are listed at $1mil or more. If all current under contracts close we should be very near the 2018 total year end number.
For a comprehensive view of last month’s sales and current inventory, view our November 2019 Market Report by clicking below.
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.
The snow is beginning to fall and though town is still enjoying a quiet off-season, we’re looking forward to Crested Butte Mountain Resort’s opening day. In the meantime, don’t miss the Crested Butte Snowsports Swap, November 8-9 or the Romp Skis Season Kick Off Party on November 22nd.
In the News
Mt. Crested Butte Agrees To Collaborate On North Village
Corner At Brush Creek Proposal Appears Dead
Nordic Inn Vote Moves Proposal Forward
Hunter Ridge Application Moves Forward
CB South Working Toward Commercial Area Master Plan
Mt. Crested Butte Grants Funds Toward Marketing Winter Events
Stallion Park Affordable Housing Is Coming Online For North Valley
On The Range: A Look At Ranching In The Gunnison Valley – Part I
On The Range: A Look At Ranching In The Gunnison Valley – Part II
Long Lake Land Exchange Nears The Finish For CB Land Trust
Council Rezones Lot For Public Use Despite Neighbor Protes
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