Current Market Conditions for December 2022
Residential sales volume through November totaled $301,365,594 which is down $115,868,906 from this time last year. Number of transactions were also down (253 compared to 371). The average sales price, $1,191,168, however is up slightly, almost 3% from $1,124,621 last year. Currently there are 23 properties under contract totaling $28,307,500; 8 of which are listed at $1mil or more including this beautiful mountain home on acreage listed for $5,350,000.
November Sales
In November, we had 7 single family home sales and 14 condo/townhome sales in the upper valley. These 21 sales totaled $28,626,500 which is down $15,518,482 from October. Sales ranged from a studio unit in the Grand Lodge complex in the base area selling for $218,000 to a lovely four bedroom home in Red Mountain Ranch selling for $4,150,000 in which was listed by our office.
Land transactions were the same as the previous month with 4 sales totaling $1,305,000 in volume. This represents a slight decrease in volume of $85,0000 from October. Sales ranged from a Crested Butte South lot on Zeligman Street selling for $205,000 to a great parcel in Buckhorn selling for $450,000.
SF = single family residence
Active Listings
Inventory is up considerably with 19 more listings this month.
CRESTED BUTTE
22 homes (+2*)
3 condo/town homes (+1*)
MT. CRESTED BUTTE
8 homes (+2*)
34 condo/town homes (+7*)
RURAL CB
23 homes (+7*)
3 condo/town homes (+1*)
CRESTED BUTTE SOUTH
3 homes (+2*)
2 condos/town homes (+1*)
* Change from last month in parentheses
Current Inventory
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
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.