Current Market Conditions for July 2022

Residential sales volume through June totaled $138,209,450 which is down $57,837,470 from this time last year. Number of transactions were also down (128 compared to 190). The average sales price, $1,079,761, however is up slightly, 4% from $1,031,825 at this time last year. Currently there are 40 properties under contract totaling $45,668,500; 12 of which are listed at $1mil or more including this incredible 5 bedroom home in the Aperture subdivision.

 

June Sales

In June, the upper valley had 9 single family home sales and 13 condo/townhome sales in the upper valley. These 22 sales totaled $25,813,900 which was down $2,606,300 from May. Sales ranged from a two bedroom manufactured home in Almont selling for $71,500 to a two bedroom home in town selling for $3,400,000.

Land transactions throughout the county increased substantially and were up 20 transactions from the previous month with 29 sales totaling $13,969,475 in volume. This represents an increase in volume of $8,044,475 from May. Sales ranged from a Powderhorn lot for $20,500 to a Villas at Mt. Crested Butte developable parcel selling for $5,500,000.

SF = single family residence

Active Listings

Inventory is up substantially for summer with 38 more listings this month.

CRESTED BUTTE
24 homes (+6*)
7 condo/town homes (+2*)

MT. CRESTED BUTTE
8 homes (+3*)
28 condo/town homes (+14*)

RURAL CB
22 homes (+6*)
4 condo/town homes (+2*)

CRESTED BUTTE SOUTH
3 homes (+3*)
1 condos/town homes (n/a*)

* 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.