Current Market Conditions for March 2020 

This year continues with significant increases in volume and amount of transactions. Residential sales volume through February was $20,139,973; up $5,985,973 from the same time last year, a 30% increase. Amount of transactions are also up significantly with 34 compared to 19. Currently, another 32 properties are under contract totaling $34,091,400, 9 of which are listed at $1mil or more including 7 Moon Ridge Lane listed for $9,995,000 and under contract by our office.

 

February Sales

In February, we had 5 single family home sales and 14 condo/townhome sales in the upper valley. Sales ranged from a Three Seasons condo selling for $235,000 to a ski in/ski out West Wall condo selling for $1,537,500. These 19 sales totaled $11,766,923 which far exceeded February of last year of only 11 transactions and $7,281,000 of volume.  

Land transactions involved seven deals, six more than last month, totaling $1,503,000 in volume.

 

Active Listings

Overall inventory grew once again with 16 more listings than last month.

CRESTED BUTTE
22 homes (n/a*)
8 condo/town homes (+1*)

MT. CRESTED BUTTE
27 homes (+2*)
89 condo/town homes (+13*)

RURAL CB
52 homes (+1*)
11 condo/town homes (+2*)

CRESTED BUTTE SOUTH
5 homes (-1*)
4 condos/town homes (-2*)

* Change from last month in parentheses

SF = single family residence

Leading the Market

Crested Butte Collection ranked #1 for volume and #1 for amount 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.