Current Market Conditions for April 2022

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.

 

March Sales

In March, we had 5 single family home sales and 10 condo/townhome sales in the upper valley. These 15 sales totaled $17,249,000 which was down $2,327,700 from February. Sales ranged from a 5th floor studio Grand Lodge unit selling for $145,000 to a exquisite five bedroom home sale in the town of Crested Butte selling for an incredible $5,100,000.

Land transactions were up 1 from the previous month with 12 sales totaling $6,748,500 in volume. This represents a decrease in volume of $13,100,000 from February. Sales ranged from a Crested Butte South lot selling for $200,000 to an Aperture parcel selling for $1,255,000.

SF = single family residence

Active Listings

Inventory is down slightly with 2 fewer listings this month.

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

MT. CRESTED BUTTE
3 homes (-3*)
19 condo/town homes (+1*)

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

CRESTED BUTTE SOUTH
0 homes (-1*)
0 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.

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.