Crested Butte Collection Newsletter
October 2020 Edition
October is here and we are taking in the beautiful fall foliage while anticipating the winter season. While town has quieted down a bit, real estate remains steady going into the off season. While the days are getting shorter, and the nights cooler, there is still some time to get out and enjoy some late season hiking and biking in the high country.
The overall residential real estate market continues to remain incredibly strong as we head into the fall shoulder season. Another $112mil is currently under contract, an incredible increase over this time last year. The average sales price is up 7.5% to $870,585 from $805,624 and inventory is sparse with 22 fewer listings than last month.
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
What started off as an average summer grew into a booming market through our busiest months. Sales have remained strong going into fall leading to our busiest season yet. Residential sales volume through September was $185,434,777, up $58,951,802 from last year along with amount of transactions (213 compared to 157). The average sales price, $870,585, is up 7.5% from $805,624 last year. Currently another 104 properties are 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.
For a comprehensive view of last month’s sales and current inventory, view our October 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.
Fall is in the air and with the hints of snow, things around town are beginning to slow down a bit. With pandemic restrictions loosening up some and local cases down, we look forward to seeing the event calendar grow.
In the News
Reynolds Updates Council With Good News Over Coronaviris
FAA Grants Additional Millions To GUC Airport Terminal Project
Council To Discuss Changing Trail Easements Outside Of Town
CBMR Begins Plan For A Winter Ski Season
Verizon And Crested Butte Agree To Cell Tower Lease
Female Entrepreneurs Revamp Beloved Elk Avenue Building
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