Current Market Conditions for November 2020

Residential sales volume through October totaled $247,856,377 which is up an astonishing $100,311,902 from this time last year. Number of transactions were also up (274 compared to 182). The average sales price, $904,585, is up almost 11% from $810,683 last year. There is an incredible number of properties (85 currently) under contract, totaling $94,940,599; 34 of which are listed at $1mil or more including this Smith Hill Ranches estate listed by our office for $4,950,000.

 

October Sales

In October, we had 24 single family home sales and 33 condo/townhome sales in the upper valley. These 57 sales totaled $59,212,600 which was down just slightly, $1,838,850, from September. Sales ranged from a two bedroom one bedroom Grand Lodge unit selling for $121,500 to a coveted Butte Avenue home selling for $3,900,000 which was listed by an agent with Bluebird Real Estate.

Land transactions were up 9 from the previous month with 29 sales totaling $11,875,827 in volume. This represents an increase in volume of $4,761,577 from September. Sales ranged from an Irwin lot for $82,500 to a Reserve on The East River parcel selling for $1,625,000.

SF = single family residence

Active Listings

Inventory remains low with 28 less listings this month.

CRESTED BUTTE
11 homes (-3*)
7 condo/town homes (-3*)
MT. CRESTED BUTTE
17 homes (-2*)
63 condo/town homes (-16*)

RURAL CB
26 homes (-5*)
9 condo/town homes (+1*)

CRESTED BUTTE SOUTH
1 home (-2*)
0 condos/town homes (-2*)

* Change from last month in parentheses

Current Inventory

SF = single family residence

 

Leading the Market

Through the end of November the Crested Butte Collection has been involved in $36,722,600 of sales volume representing nearly 6% of the entire real estate market in Gunnison County. We are ranked #1 for amount of transactions and #2 for volume.*

*Source: CREN November 30th, 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.