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.

Chart by Visualizer

SF = single family residence

Active Listings

Inventory is up considerably with 19 more listings this month.

22 homes (+2*)
3 condo/town homes (+1*)

8 homes (+2*)
34 condo/town homes (+7*)

23 homes (+7*)
3 condo/town homes (+1*)

3 homes (+2*)
2 condos/town homes (+1*)

* Change from last month in parentheses

Current Inventory

Chart by Visualizer
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.