Current Market Conditions for September 2022

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 this spectacular 6 bedroom home on Belleview Avenue for $4,590,000.

 

August Sales

In August, we had 11 single family home sales and 16 condo/townhome sales in the upper valley. These 27 sales totaled $35,960,000 which was down $12,827,500 from July. Sales ranged from a base area Grand Lodge unit selling for $215,000 to a gorgeous mountain home in Trappers Crossing selling for $4,000,000 which was listed by our office.

Land transactions were up slightly (2) from the previous month with 6 sales totaling $3,824,000 in volume. This represents an increase in volume of $1,394,000 from July. Sales ranged from a lot in the town of Irwin for $140,000 to a 35 acre parcel in The Reserve on the East River selling for $1,675,000.

SF = single family residence

Active Listings

Inventory is down slightly with 14 fewer listings this month.

CRESTED BUTTE
23 homes (n/a*)
7 condo/town homes (+1*)

MT. CRESTED BUTTE
7 homes (-2*)
27 condo/town homes (-6*)

RURAL CB
28 homes (-5*)
6 condo/town homes (n/a*)

CRESTED BUTTE SOUTH
4 homes (-1*)
2 condos/town homes (-1*)

* 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.