Current Market Conditions for April 2021

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.

 

March Sales

In March, we had 15 single family home sales and 24 condo/townhome sales in the upper valley. These 39 sales totaled $35,459,950 which was up $5,992,450 from February. Sales ranged from a base area Grand Lodge unit selling for $115,000 to an extraordinary four bedroom Skyland home sale across the street from Lake Grant selling for $3,385,000 in which we had the pleasure of representing the Sellers.

Land transactions were up 9 from the previous month with 32 sales totaling $14,473,000 in volume. This represents an increase in volume of $4,824,500 from February. Sales ranged from a Schofield area mining claim which sold for $83,000 to a 36.16 acre McCormick Ranch parcel selling for $1,950,000.

SF = single family residence

Active Listings

Inventory is up slightly with 5 more listings this month.

CRESTED BUTTE
7 homes (+1*)
2 condo/town homes (+1*)

MT. CRESTED BUTTE
10 homes (-2*)
43 condo/town homes (+4*)

RURAL CB
13 homes (-4*)
5 condo/town homes (+3*)

CRESTED BUTTE SOUTH
2 homes (+2*)
0 condos/town homes (n/a*)

* Change from last month in parentheses

Current Inventory

SF = single family residence

 

Leading the Market

Crested Butte Collection ranked #1 for quantity of transactions and #2 for volume 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.