The Q2 Mid-Year Micro Market Report is out! Like many mountainous areas, Gunnison County has seen a 39.2% decrease in listings sold compared to the first six months of 2021. However, of the 337 properties sold so far this year, the average sold price has increased 12.8%. This indicates that there is still a lot of activity and strong desire for property in our area. This increase in average sold price resulted in an average property price in Gunnison County of $784,689. Crested Butte South saw the highest increase in average sold price of 62.7% year over year, resulting in an average property price of $697,204, up from $428,424 last year. Though prices continued to increase, inventory is still flying off the market at record speeds throughout Gunnison County, with the average days on market decreasing by 44.8% to just 171 days this year.
For more information, view the Q2 Mid-Year Micro Market Report for the Gunnison/Crested Butte area. Also be sure to subscribe to our Monthly Newsletter to receive monthly market updates focusing on the north end of the valley.
For more information on the Crested Butte real estate market, events, festivals, and news, please visit crestedbuttecollection.com. Thinking about buying or selling this year? Give us a call!