Crested Butte Collection Newsletter
September 2020 Edition
September has arrived bringing cooler temps and the hint of Fall. Snow is called for on Tuesday but warmer weather returning afterward. Town is still very much alive and well with visitors enjoying the tail end of summer. With the winter ski season right around the corner, Vail Resorts announced last week their plans for reservations and lift access for the 2020/2021 season, click here for details.
The Crested Butte real estate market is as robust as ever as we head into the end of the third quarter. Our market is up over $15.5mil in sales volume compared to this time last year and another $130mil is currently under contract. The average sales price is up significantly, 12.5%, $840,427 from $794,430 and inventory is down drastically with 48 less listings this month over last. If you have considered selling you may be surprised as to what value you can get right now! Call us for a current evaluation of your property.
Corey & Erin
Leaders in Crested Butte Real Estate
Crested Butte Collection ranks #1 for volume and #2 for amount of transactions in Gunnison County though September 6th, 2020. Our team has closed $24,770,825 in sales volume and 37 transactions so far this year and has another $23,842,000 under contract.*
*Source: CREN September 6th, 2020
Current market conditions
Any initial pandemic fears and the negative effects it would have on our real estate market is a thing of the past. Our robust real estate market continues to gain momentum as buyers focus on rural areas with smaller populations. Residential sales volume through August was $124.4mil, up over $15.5mil from this time last year along with amount of transactions (148 compared to 137). The average sales price, $840,427, is up 12.5% from $794,430 last year. Currently another 124 properties are under contract totaling $129,979,699, 43 of which are listed at $1mil or more including our exclusive riverfront estate right outside of town that we have listed for $5,999,000.
For a comprehensive view of last month’s sales and current inventory, view our September 2020 Market Report.
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.
With the first dustings of snow in the upper valley, we begin looking forward to amazing fall activities. With the cooler temps this time of year makes for the best hiking and biking. Don’t miss the Trek For Life on September 10th as well as the Crested Butte Film Festival which runs September 25th – October 4th.
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