Current Market Conditions for October 2020

Residential sales volume through September totaled $185,434,777 which is up $58,951,802 from this time last year. Number of transactions were also up (213 compared to 157). The average sales price, $870,585, is also up 7.5% from $805,624 last year. Currently there are 104 properties under contract totaling $112,794,299; 42 of which are listed at $1mil or more including this beautiful Smith Hill Ranches home listed by our office for $4,950,000.

 

September Sales

In September, we had 31 single family home sales and 34 condo/townhome sales in the upper valley. These 65 sales totaled $61,051,450 which was up $21,485,525 from August. Sales ranged from a Grand Lodge Studio unit selling for $95,000 to our Crested Butte Collection’s listing of an exquisite riverside estate just outside the town of Crested Butte selling for $5,150,000, the largest residential sale in Gunnison County of 2020, in which we had the pleasure of representing the Sellers.

 

Land transactions were up 7 from the previous month with 20 sales totaling $7,114,250 in volume. This represents an increase in volume of $1,459,350 from August. Sales ranged from a Crested Butte South lot for $69,000 to a homesite in the Reserve on the East River selling for $1,325,000.

 

 

SF = single family residence

Active Listings

Residential inventory is down dramatically with 22 less listings this month.

CRESTED BUTTE
14 homes (-1*)
10 condo/town homes (-2*)

MT. CRESTED BUTTE
19 homes (-7*)
79 condo/town homes (-6*)

RURAL CB
31 homes (-7*)
8 condo/town homes (+2*)

CRESTED BUTTE SOUTH
3 homes (n/a*)
2 condos/town homes (-1*)

* Change from last month in parentheses

Current Inventory

SF = single family residence

 

Leading the Market

Crested Butte Collection has closed $33,703,825 in sales volume and 45 transactions so far this year and has another $30,081,200 under contract.**

*Source: CREN October 7th, 2020

**All reported statistics were not necessarily listed/sold by Crested Butte Collection. Information is intended only to show trends in the area.
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.