Current Market Conditions for February 2020

The Crested Butte real estate market starts off the new decade with strong sales compared to January of last year. Residential sales volume for January was $8,373,050, up 18% from last year along with the amount of transactions (15 compared to 8). More importantly another 40 properties are under contract totaling $32,903,900, 11 of which are listed at $1mil or more including a luxurious 5 bedroom Elk Avenue home listed by Bluebird Real Estate for $3,675,000.

 

January Sales

In January, we had 6 single family home sales and 9 condo/townhome sales in the upper valley. Sales ranged from a base area Grand Lodge unit selling for $132,500 to a beautiful four bedroom home in Larkspur selling for $1,285,000 listed by Bluebird Real Estate. These 15 sales totaled $8,373,050 compared to the same period last year with $6,873,000 of volume and only eight transactions. 

Land transactions involved just one deal, a Crested Butte South lot selling for $90,000.

SF = single family residence

Active Listings

Inventory is down slightly with 7 less listings this month.

CRESTED BUTTE
22 homes (-2*)
7 condo/town homes (-1*)

MT. CRESTED BUTTE
25 homes (n/a*)
76 condo/town homes (-4*)

RURAL CB
51 homes (-3*)
9 condo/town homes (+2*)

CRESTED BUTTE SOUTH
6 homes (n/a*)
6 condos/town homes (+1*)

* Change from last month in parentheses

Current Inventory

SF = single family residence

 

Leading the Market

Crested Butte Collection ranked #1 for volume and #1 for quantity of transactions in Gunnison County for 2019.  Corey closed out the year with $43,193,600 in sales volume representing over 6% of the entire real estate market in the county. *

*Source: CREN December 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.