Real Estate Market Update ~ June 2023

Current Market Conditions for June 2023

Residential sales volume through May totaled $47,769,930 which is down $64,625,620 from this time last year. Number of transactions were also down (46 compared to 106). The average sales price, $1,038,476, is also down slightly (2%) from $1,060,335 last year. Currently there are 39 properties under contract totaling $53,473,776; 15 of which are listed at $1mil or more including this beautiful mountain retreat listed by our office for $9,500,000.

May Sales

In May, we had 3 single family home sales and 9 condo/townhome sales in the upper valley*. These 12 sales totaled $11,523,000 which is up $1,150,000 from April. Sales ranged from a studio Grand Lodge unit selling for $195,000 to a lovely four bedroom home in Mt. Crested Butte selling for $2,575,000.

Land transactions were up 1 from the previous month with 5 sales totaling $3,760,000 in volume. This represents an increase in volume of $2,019,500 from April Sales ranged from a Crested Butte South homesite selling for $275,000 to a 1.46 acre Prospect at Mt. CB parcel selling for $1,300,000.

SF = single family residence
*Upper Valley = data collected from Almont north

Active Listings

Inventory is up considerably with 29 more listings this month.

CRESTED BUTTE SOUTH
5 homes (+4*)
4 condos/town homes (+2*)

* Change from last month in parentheses

Current Inventory

Leading the Market

*Source: CREN December 31st, 2022

All reported statistics were not necessarily listed/sold by Crested Butte Collection. Information is intended only to show real estate market 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.