Current Market Conditions for November 2022

Residential sales volume through October totaled $272,169,094 which is down $101,379,006 from this time last year. Number of transactions were also down (231 compared to 331). The average sales price, $1,178,221, is up almost ever so slightly from $1,128,598 last year. Currently there are 40 properties under contract totaling $53,986,400; 14 of which are listed at $1mil or more including this stunning rural home on acreage listed for $5,350,000.

 

October Sales

In October, we had 17 single family home sales and 13 condo/townhome sales in the upper valley. These 30 sales totaled $44,144,982 which was up $16,522,820 from September. Sales ranged from a studio Grand Lodge unit selling for $226,000 to a luxurious five bedroom home sale in the town of Crested Butte selling for $4,350,000 which was listed by our office.

Land transactions were down 12 from the previous month with 4 sales totaling $1,390,000 in volume. This represents a decrease in volume of $10,069,000 from September. Sales ranged from a Crested Butte South lot on Stephenson Place for $210,000 to another Crested Butte South lot on Gillaspey selling for $480,000.

SF = single family residence

Active Listings

Inventory is down just 1 listing this month.

CRESTED BUTTE
20 homes (-1*)
2 condo/town homes (-1*)

MT. CRESTED BUTTE
6 homes (n/a*)
27 condo/town homes (+1)

RURAL CB
16 homes (-4*)
2 condo/town homes (n/a*)

CRESTED BUTTE SOUTH
5 homes (+3*)
1 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.