Crested Butte Collection Newsletter
June 2022 Edition
June has arrived and town is beginning to buzz with early summer activity. We saw snow on Memorial Day which means that soon the meadows and mountain trails will be filled with summer wildflowers. Trails in the lower valley are drying out nicely; be sure to check out our hiking and biking guides and other summer activities. In addition, the events calendar is beginning to pick up with the return of the many wonderful summer festivals we all look forward to!
The overall residential real estate market remains strong as we head into the summer season. We closed out May with $112.4mil in sales volume year to date. This puts us $44.7mil under the sales volume at the same time last year however there is another $61.2mil is currently under contract. The average sales price is up 6% to $1,060,335 from $994,292 and inventory is still disappearing almost as soon as it hits the market.
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
Spring is doing its best to hold on with snow showers throughout much of May however the Crested Butte real estate market is ramping up for summer! We saw quite a few new listing hit the market over the Memorial Day weekend. Residential sales volume through May was $112,395,550 down $17,999,079 from this time last year along with amount of transactions, (106 compared to 158). The average sales price, $1,060,335, is up 6% from $994,292 last year. Currently another 52 properties are under contract totaling $61,256,500, 20 of which are listed at $1mil or more including an absolutely stunning 5 bedroom home in Aperture listed for $8,100,000
For a comprehensive view of last month’s sales and current inventory, view our June 2021 Market Report.
View Our June 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.
Summer is right around the corner and the June calendar of events is full of early season activities. The Crested Butte Farmers Market is back each Sunday on Elk Avenue and The KBUT Friday Night Fish Fry is coming up on June 17th.
In the News
Crested Butte South To Hold New Covenants Vote Starting July 1
Wildfire Experts Predict A Dry June On Western Slope
Gunnison-Crested Butte Airport Seen As A Hot Market In Resort Air
CB PO To Seek Community Feedback On New Location
New Subdivision Proposed Near Entrance To CB South Off Hwy 135
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
LIV Sotheby’s International Realty
401 Elk Avenue | PO Box 210
Crested Butte, CO 81224