Crested Butte Collection Newsletter
May 2023 Edition
After what was a very snowy winter, it’s finally starting to feel like spring here in Crested Butte. They days continue to get longer and warmer which means summer is just around the corner. Activities around town will start picking up toward the end of this month and we’ll soon be welcoming back our summer visitors. Hiking and biking season will be here before we know it; however, it’s taking our trails a little longer to melt off this year. Be sure to check for closures and trail conditions before you head out.
The Crested Butte 2023 Chamber Business Awards are coming up and the deadline to get your vote in is May 5th. The Crested Butte Collection is up for nomination in two following 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 remained steady throughout the off-season. We closed out April with $36.24mil in sales volume year to date. Another $39mil is currently under contract putting us $47.7mil below the sales volume at this same time last year. The average sales price is up 8% to $1,066,086 from $976,457. Though inventory has been challenging, we are starting to see more properties come on the market for the summer selling season.
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
What a spectacular winter we had! CBMR reported 326″ of snowfall during their 2023/23 season. The Crested Butte real estate market has continued to stabilize throughout the first quarter of 2023. Residential sales volume through April totaled $36,246,930 which is down $47,728,420 from this time last year. Number of transactions were also down (34 compared to 86). The average sales price, $1,066,086, however is up 8% from $976,457 last year. Currently there are 31 properties under contract totaling $39,017,577; 7 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 May 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.
Spring is here, off-season is winding down, and we’re starting to see more local events on the community events calendar. The Crested Butte Museum is hosting the 2nd Annual Melting Pot Cook Off on May 16th and reopens for the season on May 19th. Be sure to check out our Events page for other great local events!
In the News
RMBL Releases New Snowmelt Forecast Map For Valley
US 50 Little Blue Canyon Work Will Continue Through Summer & Fall
County Building Code Changes Wreak Havoc On Local Contractors
County Valuations Go Out May 1. Homeowners To See Spike
Mt. CB Considering Changes To Council To Attract More People
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