Current Market Conditions for February 2023

The market continues to stabilize as we head into 2023. Residential sales volume through January totaled $8,778,050 which is down $11,712,550 from this time last year. Number of transactions were also down (7 compared to 20). The average sales price, $1,254,007, however is up over 18% from $1,024,530 last year. Currently there are 27 properties under contract totaling $30,230,000; 11 of which are listed at $1mil or more including this incredible 5 bedroom home in Mt. Crested Butte listed for $2,750,000.


January Sales

In January, we had 3 single family home sales and 4 condo/townhome sales in the upper valley. These 7 sales totaled $8,778,050 which was down $4,130,950 from December. Sales ranged from a two bedroom manufactured home in Almont selling for $95,000 to a luxury home on the golf course selling for $4,200,000 in which we had the pleasure of representing the Sellers.

Land transactions were up 1 from the previous month with 3 sales totaling $2,010,000 in volume. This represents a decrease in volume of $940,000 from December. Sales ranged from a 35.33 acre lot in Trappers Crossing at Wildcat for $400,000 to a Red Mountain Ranch parcel selling for $955,000.

Chart by Visualizer

SF = single family residence

Active Listings

Inventory is down slightly with 8 less listings this month.

22 homes (-1*)
1 condo/town homes (-1*)

9 homes (n/a*)
30 condo/town homes (-2*)

22 homes (-3*)
5 condo/town homes (n/a*)

1 homes (n/a*)
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 #4 for quantity of transactions and #5 for volume in Gunnison County for 2022.*

*Source: CREN December 31st, 2022

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.