Current Market Conditions for August 2022

Residential sales volume through July totaled $164,441,950 which is down $62,324,970 from this time last year. 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.

 

July Sales

In July, we had 6 single family home sales and 12 condo/townhome sales in the upper valley. These 18 sales totaled $23,132,500 which was down $2,681,400 from June. Sales ranged from a one bedroom Pitchfork condo selling for $205,000 to a distinguished five bedroom home sale in Aperture selling for $7,400,000.

Land transactions were down 25 from the previous month with 4 sales totaling $2,430,000 in volume. This represents a decrease in volume of $11,539,475 from June. Sales ranged from a Floresta Townsite lot for $450,000 to a Summit Road parcel selling for $775,000.

SF = single family residence

Active Listings

Inventory is up heading into August with 21 more listings this month.

CRESTED BUTTE
23 homes (-1*)
6 condo/town homes (-1*)

MT. CRESTED BUTTE
9 homes (+1*)
33 condo/town homes (+5*)

RURAL CB
33 homes (+11*)
6 condo/town homes (+2*)

CRESTED BUTTE SOUTH
5 homes (+2*)
3 condos/town homes (+2*)

* 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.