Current Market Conditions for March 2022

The lack of inventory is really taking its toll on the market the first quarter of 2022. Residential sales volume through February totaled $36,450,350 which is down $17,563,650 from this time last year. Number of transactions were also down (40 compared to 60). The average sales price, $911,258, however is up 1.2% from $900,233 last year. Currently there are 44 properties under contract totaling $49,286,500; 14 of which are listed at $1mil or more including this five bedroom Elk Avenue home listed for $5,100,000.

 

February Sales

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.

Land transactions were up 1 from the previous month with 11 sales totaling an incredible $19,848,500 in volume. This represents an increase in volume of $13,685,500 from January. Sales ranged from an Irwin parcel selling for $75,000 to a residential parcel in the Town of Crested Butte selling for $11,550,000.

SF = single family residence

Active Listings

Inventory is up slightly with 5 more listings this month.

CRESTED BUTTE
13 homes (+2*)
1 condo/town homes (n/a*)

MT. CRESTED BUTTE
6 homes (-1*)
18 condo/town homes (+2*)

RURAL CB
8 homes (n/a*)
0 condo/town homes (n/a*)

CRESTED BUTTE SOUTH
1 homes (+1*)
1 condos/town homes (+1*)

* Change from last month in parentheses

Current Inventory

SF = single family residence

 

Leading the Market

Crested Butte Collection ranked #3 for quantity of transactions and #6 for volume in Gunnison County for 2021.*

*Source: CREN December 31st, 2021

All reported statistics were not necessarily listed/sold by Crested Butte Collection. Information is intended only to show trends in the area.
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Experience You Can Trust

Ranked #3

Upper Gunnison Valley
Transactions Closed

Ranked #4

Upper Gunnison Valley
Total Sales Volume

Ranked #3

Gunnison County
Residential Sales Volume

Ranked #4

Gunnison County
Total Sales Volume

Source: CREN, January - December 2023

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.