Current Market Conditions for January 2021

Residential sales volume in the Gunnison Valley for the 2020 year totaled $456,306,757 which is up an astonishing $187,630,712 over 2019. The number of transactions was also up (628 compared to 439). The average sales price in the valley, $726,603, is up almost 16% from $612,018 last year. The average sales price in the north end of the valley is considerably higher at $972,363, 13% higher than 2019. Currently there are 83 properties under contract 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 in the north end of the valley.

 

December Sales

In December, we had 21 single family home sales and 21 condo/townhome sales in the upper valley. These 42 sales totaled $49,247,775 which was down $996,275 from November. Sales ranged from a Grand Lodge condo unit selling for $100,000 to a stunning five bedroom home sale in the Smith Hill Ranch subdivision selling for $4,500,000.

Land transactions in Gunnison Valley for the 2020 year were also up for with 304 sales totaling $73,575,342 in volume. This represents an increase in volume of $18,167,130 from 2019. December land sales in the upper valley totaled 29 with a volume of $15,005,000. Sales ranged from a Tin Cup lot for $25,000 to a McCormick Ranch parcel selling for $2,500,000.

SF = single family residence

Active Listings

Inventory is down slightly with 6 fewer listings this month.

CRESTED BUTTE
8 homes (+1*)
6 condo/town homes (n/a*)

MT. CRESTED BUTTE
18 homes (n/a*)
55 condo/town homes (-6*)

RURAL CB
17 homes (-2*)
6 condo/town homes (-2*)

CRESTED BUTTE SOUTH
0 homes (na*)
0 condos/town homes (na*)

* Change from last month in parentheses

Current Inventory

SF = single family residence

 

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

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.