Crested Butte Collection Newsletter
March 2022 Edition
March is here and ski season is in full swing! We didn’t see much snow in January and are grateful for the late February storms. Keep doing your snow dances and hopefully March will continue to bring some much needed powder to the mountains. Town remains busy with record numbers of spring break visitors on their way over the next several weeks. The March calendar is packed full of fun local events and live music. We are looking forward to the 30th Anniversary US Extremes Reunion and the Al Johnson Memorial Telemark Race to name a few. We’re also excited to announce that Crested Butte’s newest restaurant is open for business, bringing delicious sushi back to the Butte! Be sure to check out Izakaya Cabin on your next night out.
The lack of inventory took its toll in January and February however things seem to be picking up as we head into March. We closed out February with $36mil in sales volume year to date putting us $17.5mil below the sales volume at this same time last year. Another $49mil is currently under contract however. The average sales price is up slightly, 1.2% to $911,258 from $900,233 at this time last year. Available inventory has remained our biggest challenge for the first quarter of 2022.
Kiley & Erin
Leaders in Crested Butte Real Estate
Crested Butte Collection ranked #3 for quantity of transactions and #6 for volume in Gunnison County for 2021.*
*Source: CREN December 31st, 2021
Current market conditions
Though inventory is low, March is coming in like a lion as we build up steam for the busy Spring Break month. In February, we had 6 single family home sales and 14 condo/townhome sales in the upper valley. These 20 sales totaled $15,959,750 which was down $1,190,850 from January. Sales ranged from a Grand Lodge studio unit selling for $170,000 to the sale of a five bedroom home on Slate River just south of Crested Butte selling for $2,550,000.
For a comprehensive view of last month’s sales and current inventory, view our March 2022 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.
The March calendar is packed full of great live music and fun events. Don’t miss the 30th Anniversary US Extremes Reunion March 4-6 or the Al Johnson Memorial Telemark Race on March 19th. Soul Train is back under a new name – Catch KBUT’s Disco Inferno on March 25th.
In the News
CB Council Ready To Spend $2 Million On Empty Lot Along Sixth St.
Mt. CB Still Figuring Out Homestead
Crested Butte South POA Agrees To Re-Vote On Covenants
Ski Season Flights Filling Up For The End Of Winter
Mt. CB Reviews Master Plan Draft
Denver Bus Route To Start From Crested Butte March
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