Crested Butte Collection Newsletter
October 2022 Edition
October is here bringing with it cool crisp mornings and warm sunny days. We woke up to the first snow of the season on the peak on October 1st. Town continues to buzz with “Leaf Peepers” flocking to the valley to capture the spectacular fall colors. We expect peak leaf season to run through Sunday, October 9th. Although the days are getting shorter, and the nights colder, there is still some time to get out and enjoy some year end camping, hiking and/or biking in the Gunnison Valley.
The overall residential real estate market has continued to stabilize as we finish out the summer season. We closed out September with $228mil in sales volume year to date. Another $90.5mil is currently under contract putting us $108.3mil below the sales volume at this same time last year. The average sales price is also down ever so slightly (less than 1%) to $1,134,448 from $1,140,211 and inventory is beginning to stay on the market a little longer. If you’re considering buying or selling, or would like more market information, give us a call today.
Appreciatively,
Kiley & Erin
Email 970.596.3219
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
The Crested Butte area real estate market seems to be returning to a more “normal” pace as we head into the fall season. Residential sales volume through September was $228,024,112 which is down $108,338,188 from last year along with amount of transactions, (201 compared to 295). The average sales price, $1,134,448, is also down slightly (less than 1%) from $1,140,211 last year. Currently another 66 properties are under contract totaling $90,523,500, 30 of which are listed at $1mil or more including a beautiful home in the Town of Crested Butte listed by our office for $5,650,000.
For a comprehensive view of last month’s sales and current inventory, view our October 2022 Market Report.
View Our October 2022 Market Report
ACTIVE LISTINGS
Local Expertise
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.
Featured Listings
14 Castle Road
Mt. Crested Butte
1.65 Acres
$6,500,000
29 Mulligan Drive
Crested Butte
4 BR | 4.5 Bth | 4,829 Sq Ft
$4,300,000
20 Butte Avenue
Crested Butte
2 BR | 2 Bth | 1,446 Sq Ft
$1,995,000
327 Elk Avenue
Crested Butte
5 BR | 3.5 Bth | 3,020 Sq Ft
$1,895,000
214 Hidden Mine Road
Crested Butte
35.10 Acres
$1,200,000
TBD County Road 317
Crested Butte
2.04 Acres
$850,000
Town Events
Summer events have about all wrapped up here in the valley as we head into a brief off-season. Check out the calendar of events for October music and activities throughout the Gunnison Valley. Don’t miss the Crested Butte Farmers Market which runs through October 9th or Gunnison Farmers Market which runs through October 22nd.
In the News
Town Looking For Another 30% Increase In Water & Sewer Revenue
Air Service Becoming A Bigger Factor In The Gunnison Valley Economy
Vacation Rental Update Discussion Continues In Crested Butte
Gunnison County Adopts Urban Wildland Interface Code
Towns Of CB & Mt. CB In Final Development Of Master Plans
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
LIV Sotheby’s International Realty
401 Elk Avenue | PO Box 210
Crested Butte, CO 81224
c 970-596-3219
kiley@crestedbuttecollection.com
