Crested Butte Collection Newsletter
April 2022 Edition
Another great ski season is coming to a close this weekend. Town has been incredibly busy the first quarter of 2022 and we’ve seen record numbers of visitors this spring. Hotels have been at capacity and restaurant reservations have been off the charts. Sunday, April 3rd is closing day so be sure to hit the hill and get your last few turns in!
Off-season arrives next week giving everyone a bit of a breather before we head into the busy summer months. If you’ve got time on your hands or are looking for ways you can make a local impact in Crested Butte and the Gunnison Valley, please check out some of our favorite local charitable and non-profit organizations here.
The overall residential real estate market is leveling off some as we close out the first quarter of 2022 with the lack of inventory having been our biggest challenge. We closed out March with $53.7mil in sales volume year to date. This is $36mil under last year at this time however there is another $61.7mil is currently under contract. The average sales price however is up 8% to $976,351 from $899,438 at this time last year. We’re beginning to see more new listings as we head into spring and properties are still moving fast.
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
Residential sales volume through March totaled $53,699,350 which is down $36,244,500 from this time last year. The number of transactions were also down (55 compared to 100). The average sales price, $976,351, however is up 8% from $899,438 at this time last year. The market is beginning to pick up steam again as we head into spring. There are currently 61 properties under contract totaling $61,746,000; 21 of which are listed at $1mil or more including this beautiful Hidden River Ranch home listed for $4,499,000.
For a comprehensive view of last month’s sales and current inventory, view our April 2022 Market Report.
View Our April 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.
Closing weekend is here and the Pond Skim is back on April 2. Sticking close to town this month? Avoid “cabin fever” with off-season events such as the Community Pet Expo on April 9th and the GVWN Clothing & Gear Swap on April 16th. Enjoy the down-time before we head into the busy summer months!
In the News
Public Comment Sought On North Valley Trail Expansion Project
Sixth And Butte Developer Selection Process Underway
Mt. Emmons Mining Company Engaging In Public Feedback Process
Summer Air Service Will Have Denver Focus With Three Flights Daily
CB South Considers Traffic Changes, Sheriff’s Deputy Substation
Making A Local Impact In Crested Butte & The Gunnison Valley
Kiley Flint | Broker Associate | Team Leader
Crested Butte Collection
LIV Sotheby’s International Realty
401 Elk Avenue | PO Box 210
Crested Butte, CO 81224