Current Market Conditions for June 2022

Residential sales volume through May totaled $112,395,550 which is down $17,999,079 from this time last year. Number of transactions were also down (106 compared to 158). The average sales price, $1,060,335, however is up 6% from $994,292 last year. Currently there are 52 properties under contract totaling $61,256,500; 20 of which are listed at $1mil or more including this absolutely stunning 5 bedroom home in Aperture listed for $8,100,000.

 

May Sales

In the month of May, we had 6 single family home sales and 14 condo/townhome sales in the upper valley. These 20 sales totaled $28,420,200 which was up $1,251,200 from April. Sales ranged from a base area Grand Lodge studio condo selling for $170,000 to an incredible 13 acre estate just outside the town of Crested Butte selling for $6,792,000.

Land transactions were down just 1 from the previous month with 9 sales totaling $5,925,000 in volume. This represents a decrease in volume of $3,909,000 from April. Sales ranged from a Crested Butte South lot for $275,000 to a Aperture parcel selling for $1,075,000.

SF = single family residence

Active Listings

Inventory is up slightly with 9 more listings this month.

CRESTED BUTTE
18 homes (+2*)
5 condo/town homes (+3*)

MT. CRESTED BUTTE
5 homes (n/a*)
14 condo/town homes (+4*)

RURAL CB
14 homes (+5*)
2 condo/town homes (+2*)

CRESTED BUTTE SOUTH
0 homes (n/a*)
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.

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.