Crested Butte Collection Newsletter
April 2021 Edition
What an amazing season we’ve had here in Crested Butte and the Gunnison Valley. Despite the ongoing restrictions and below average snow year, the ski area continued to draw visitors and hotels were often at capacity. Throughout the winter season and first quarter of 2021, we have seen record sales tax numbers as visitors continue flocking to the valley. Make your reservation now for closing weekend!
The Crested Butte real estate market continues to thrive, closing out the first quarter (Jan-March) with $89,473,950 in sales volume. That is $46.8mil over this time last year. Another $74.3mil is currently under contract as we head into the off-season. The average sales price is up 16% to $903,777 from $761,148 at this time last year and inventory pretty much remains stagnant with only five more over last month. Despite the low inventory, the real estate market has been booming with record sales. Crested Butte Collection is working with ready and willing Buyers looking for Crested Butte real estate. If you’ve been thinking about selling before the bubble bursts, now is the time!
Kiley & Erin
Leaders in Crested Butte Real Estate
Crested Butte Collection ranked #1 for quantity of transactions and #2 for volume in Gunnison County for 2020.*
*Source: CREN December 31st, 2020
Current market conditions
Residential sales volume January through March totaled $89,473,950 which is up $46,849,627 from this time last year. Number of transactions were also up (99 compared to 56). The average sales price continues to rise; we are currently averaging $903,777, which is up 16% from $761,148 last year. Currently there are 65 properties under contract totaling $74,999,300; 28 of which are listed at $1mil or more including this stunning property in Danni Ranch listed for $4,250,000.
For a comprehensive view of last month’s sales and current inventory, view our April 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.
Things around town slow considerably in month of April as we head into the spring off-season and take a much needed breather from the busy winter season. Check out the local event calendar for off-season activities to keep you busy until things pick up again toward the end of May.
In the News
Council Open To Permanent Summer Elk Ave Changes
North Village Development Team Presents Conceptual Design
Major Atmospheric Study To Be Conducted In Valley
CB Center For The Arts Executive Director Leaving Position
School District Takes Closer Look At Student Demographics
County Sales Tax Revenue Exceeded Expectations
Q&A with Isa Reeb, Mt. Crested Butte’s New Town Manager
New Brewery Approved For CB South
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