Crested Butte Collection Newsletter
February 2020 Edition
February is here and 2020 is off to a great start. Spring Break is just around the corner and the mountain is skiing well. We are excited to see the snow falling and expected to continue for the next week.
The overall residential real estate market for the first month of 2020 is up 18% over the same period last year. Another $32,903,900 is currently under contract, 11 of which are listed at $1mil or more. Inventory is down again with seven less listings this month. Vail announcements are expected to be on the recent horizon so expect another bump in prices this summer. Call me anytime to discuss the current state of the market.
Corey & Erin
Leaders in Crested Butte Real Estate
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.*
*Source: CREN December 31st, 2019
Current market conditions
The Crested Butte real estate market starts off the new decade with strong sales compared to last year. Residential sales volume for January was $8,373,050, up $1,500,050 from last year along with amount of transactions (15 compared to 8). Currently 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 for $3,675,000.
For a comprehensive view of last month’s sales and current inventory, view our February 2020 Market Report by clicking the link 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.
In the News
CB Town Council Approves Slate River Annexation Preliminary Plan
Local Airline Bookings Back On Track For This Winter
RTA Considers Helping To Get Airport Remodel Across Finish Line
Mt. CB Brushes Up On Planning Commission Responsibilities
Town Ready To Strike Easement Deal For Future Water Insurance
Upper Valley The Target Of In-depth Snow Research From NASA
Housing Committee Talks North Valley Projects
Three Major Affordable Projects On The Horizon For CB
Corey Dwan | Broker Associate | Team Leader
Crested Butte Collection