Crested Butte Collection Newsletter
April 2023 Edition
And that’s a wrap! Sunday, April 2nd was closing day to what has been another amazing ski season! Ullr blessed Crested Butte Mountain Resort this year and we closed with 326″ of total snowfall and a 99″ base. It was a busy weekend with Flauschink festivities, Disco Inferno, the Pond Skim and wrapped up with DJ Red.
Though the Crested Butte Mountain Resort season has come to an end, Monarch Mountain has extended their ski season to April 16th. If you’re not quite ready to hang up the skis, there are still several resorts throughout the state still open for spring skiing. You can find a list of Colorado ski area projected closing dates here.
It’s that time of year… The Crested Butte Chamber of Commerce is holding their 2023 Chamber Business Awards. The Crested Butte Collection is up for nomination in two categories:
- Real Estate Business of The year
- Overall Business of The Year
Please click here and vote for your favorite real estate team – the Crested Butte Collection – Kiley Flint!
The overall residential real estate market has continued to normalize as we closed out the first quarter of 2023. We ended March with $25.8mil in sales volume year to date putting us $29.8mil below the sales volume at this same time last year. There is currently $43.3mil under contract. The average sales price however is up 15% and inventory is still disappearing almost as soon as it hits the market.
Kiley & Erin
Leaders in Crested Butte Real Estate
Crested Butte Collection ranked #4 for quantity of transactions and #5 for volume in Gunnison County for 2022.*
*Source: CREN December 31st, 2022
Current market conditions
The first quarter of 2023 has flown by! The market has continued to normalize and remained steady throughout the busy ski season. Residential sales volume through March totaled $25,873,930 which is down $29,756,420 from this time last year. Number of transactions were also down (23 compared to 58). The average sales price, $1,124,953, however is up almost 15% from $961,316 last year. Currently there are 35 properties under contract totaling $45,378,400; 9 of which are listed at $1mil or more including an incredibly stunning mountain retreat listed by our office for $9,500,000.
For a comprehensive view of last month’s sales and current inventory, view our April 2023 Market Report.
View Our April 2023 Market Report
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.
Off-season is here and businesses around town are taking a much needed break before we head into the busy summer season. Though the local event calendar is a bit shorter in April, there are still plenty of off-season events and activities to help avoid “cabin fever”.
In the News
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