Crested Butte Collection Newsletter
September 2022 Edition
September is here and our beautiful fall season is right around the corner. Town remains busy with lots of visitors here to enjoy Labor Day weekend. It won’t be long before we start seeing the “leaf peepers” flocking to the valley to capture the spectacular fall colors. We expect peak leaf season to be September 22 – October 8. Although the days are getting shorter, and the nights colder, there is still some time to get out and enjoy camping, hiking and/or biking in the high country.
The overall residential real estate market continues to stabilize as we wrap up the summer season. We closed out August with $200.4mil in sales volume year to date; $64.1mil below the sales volume at this same time last year. There is currently another $62.5mil under contract as we head into September. The average sales price is up 7.4% to $1,151,735 from $1,066,564 and inventory is still going under contract rather quickly. With the market beginning to become more balanced, now is a great time to purchase or sell property.
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
Residential sales volume through August totaled $200,401,950 which is down $64,105,970 from this time last year. Number of transactions were also down (174 compared to 248). The average sales price, $1,151,735 continues to rise and is up 7.4% from $1,066,564 last year. Currently there are 54 properties under contract totaling $62,499,500; 16 of which are listed at $1mil or more including a spectacular 6 bedroom home on Belleview Avenue for $4,590,000.
For a comprehensive view of last month’s sales and current inventory, view our September 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 winding down and fall is just a few short weeks away. The days are getting shorter and the leaves will begin changing soon but it’s not time to put away the hiking and biking gear just yet. The September calendar is full of great events you won’t want to miss such as the Pearls & Pioneers: Pearl Pass Kickoff Event and the 24th annual Chili & Beer Festival!
In the News
CBMR’s Opening Day Will Be November 23
CB South Passes Restated Covenants, Elects New Board Members
School District Bond Issue Will Go On Upcoming Fall Ballot
Elevation Hotel And Spa Changes Ownership To Woodhouse
Planning Commission Recommends Village At Mt. CB Approval
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