Crested Butte Collection Newsletter
August 2022 Edition
August is here and town continues to buzz with summer activity. We celebrate the 50th annual Crested Butte Arts Festival this coming weekend. Experience world class fine art, food, music, dance and more August 5-7. Although the days are starting to get shorter, and the nights cooler, there is still plenty of time to get out and enjoy camping, hiking and/or biking in the high country. Our early monsoon season has kept the valley lush and green and made for some great biking conditions!
The overall residential real estate market remains stable as we sail through the summer season. We closed out July with $164.4 mil in sales volume year to date, which is down $62,324,970 from this time last year. There is currently $22.3 mil under contract as we head into August. The average sales price is up 7% to $1,118,652 from $1,040,215 and we’re beginning to see slightly more inventory on 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
Summer is flying by with August being one of our busiest months! The market remains stable and home prices continue to be on the rise throughout the valley. Residential sales volume through July totaled $164,441,950. This is down $62,324,970 from this time last year. The number of transactions are also down (147 compared to 218). The average sales price, $1,118,652, however is up 7% from $1,040,215 last year. Currently there are 14 properties under contract totaling $22,303,500; 4 of which are listed at $1mil or more including this incredible development opportunity listed for $12,000,000.
For a comprehensive view of last month’s sales and current inventory, view our August 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 in full swing here in the Gunnison Valley. Get out and enjoy the many wonderful festivals and outdoor activities such as the 50th Annual Crested Butte Arts Festival or a white water rafting trip on the Taylor River.
In the News
Getting Some Bearings: An Interview With CB South POA’s New Manager
Valley Housing Fund Purchases Future Affordable Housing Parcel
Another Step Approved In The Sixth & Butte Project
County May Adopt Codes For Wildfire Protection
Summer Visitation Numbers Trend As Expected
CBCS Enrollment Looking Slightly Lower Than Last year
Majestic Theatre Slated To Reopen This Fall After Two-Year Closure
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