Crested Butte Collection Newsletter
January 2021 Edition
Happy New Year!
We hope that you had a wonderful holiday season! With the arrival of January we are happily ringing in the New Year and look forward to what 2021 has in store. Though 2020 was a challenging year for many, Crested Butte Collection saw record numbers for both real estate transaction and volume. The days are starting to get longer and the winter season is just ramping up. Crested Butte Mountain Resort is open and the snow is skiing great so be sure to make your ski reservations today.
The Gunnison-Crested Butte real estate market closed out the 2020 year with a record $456,306,757 in sales volume. This was $187,630,712 over the 2019 numbers. The average sales price in the valley has risen to $726,603 from $612,018 in 2019. That is an increase of almost 16%. Inventory in the north end of the valley remains low with 6 fewer listings than December. Currently there are 56 residential properties under contract in the north end of the valley with over $53mil in volume to kick off 2021.
Kiley & Erin
Leaders in Crested Butte Real Estate
Crested Butte Collection ranked #2 for volume and #1 for quantity of transactions in Gunnison County for 2020.*
*Source: CREN December 31st, 2020
Current market conditions
What started off as a slow spring due to the global pandemic, turned out to be one of the busiest years in real estate any of us can recall. The Crested Butte market remains strong despite lack of inventory. Residential sales volume through December 31, 2020 was $351,023,202 up $156,276,567 from last year along with amount of transactions (361 compared to 229). The average sales price, $972,363 is up 13% from $850,421 last year. We kick off the new year with 83 properties currently under contract in the Gunnison Valley totaling $65,157,700, 21 of which are listed at $1mil or more including this lovely 4 bedroom home in the town of Crested Butte listed by our office for $3,950,000. Of those 83 properties under contract, 56 are located in the north end of the valley.
For a comprehensive view of last month’s sales and current inventory, view our January 2021 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.
Happy New Year! January is here and ski season is in full swing! Be sure to make your reservations in advance and get out on the hill. Don’t miss the other great activities and events happening throughout the valley.
In the News
Mt. CB Interested In InDeed Affordable Housing Collaboration
The Promise Of A Vaccine: Gunnison County Prepares For Distribution
Hunter Ridge Plan In Holding Pattern
Land Trust & Mountain Roots Awarded $127,292 GOCO Grant
Habitat For Humanity Gunnison Valley Builds First All-Natural Energy-Efficient Home
Unique Rental Project Gets BOZAR Approval
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.
Kiley Flint | Broker Associate | Team Leader
Crested Butte Collection