Current Market Conditions for September 2020

Residential sales volume through August totaled $124,383,327 which is up $15,546,352 from this time last year. Number of transactions were also up (148 compared to 137). The average sales price, $840,427, is also up 12.5% from $794,430 last year. Currently there are 124 properties under contract totaling $129,979,699; 43 of which are listed at $1mil or more including our exclusive riverfront estate listed for $5,999,000 of which we represent the Sellers.

 

August Sales

In August, our market experienced 22 single family home sales and 21 condo/townhome sales in the upper valley. These 43 sales totaled $39,565,925 which was up an impressive $23,992,175 from July. Sales ranged from a base area Grand Lodge condo selling for $85,000 to a beautiful five bedroom equestrian estate  in Danni Rach selling for $3,450,000.

Land transactions were only up two from the previous month with 13 sales totaling $5,654,900 in volume. This represents a surprising decrease in volume of $1,862,100 from July. Sales ranged from a Tincup mining claim for $25,000 to a 35.13 acre parcel in the Smith Hill Ranches selling for $922,500. Total land sales through August amounted to $18,142,400 with 45 transactions. This lags behind the same period last year of 58 transactions and $27,095,050 of volume. Average sales price is down as well from $467,156 last year to $403,164 this year.

SF = single family residence

Active Listings

Inventory is down considerably with 48 less listings this month over last.

CRESTED BUTTE
15 homes (-6*)
12 condo/town homes (n/a*)
MT. CRESTED BUTTE
26 homes (-2*)
85 condo/town homes (-16*)
RURAL CB
38 homes (-9*)
6 condo/town homes (-7*)
CRESTED BUTTE SOUTH
3 homes (-2*)
3 condos/town homes (-7*)
* Change from last month in parentheses

Current Inventory

SF = single family residence 

Leading the Market

Crested Butte Collection currently 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

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.