Crested Butte Collection Newsletter
August 2023 Edition
It’s hard to believe that it’s already August! Town is buzzing with summer activity and everyone is looking forward to the 51st Annual Crested Butte Arts Festival coming up this weekend. Experience world class fine art, food, music, dance, and more August 4-6. Our monsoon season has finally arrived after a dry start to summer bringing some much needed rain to the valley! Although the days are starting to get shorter, and the nights cooler, there is still plenty of time to get out and enjoy camping, hiking and/or biking in the high country. If you’re looking for something to do in the weeks ahead, we have a list of great local activities under the Community Tab on our website.
The overall residential real estate market remains stable as we head into the dog days of summer. We closed out July with $99.7mil in sales volume year to date. Another $88.8mil is currently under contract putting us $64.7mil below the sales volume at this same time last year. The average sales price is up almost 16% to $1,329,571 from $1,118,652 and we are seeing more inventory coming on the market for the peak summer sales 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
Residential sales volume through July totaled $99,717,881 which is down $64,724,069 from this time last year. Number of transactions were also down (75 compared to 147). The average sales price, $1,329,571, however is up almost 16% from $1,118,652 last year. Currently there are 52 properties under contract totaling $88,842,777; 20 of which are listed at $1mil or more including this slopeside mountain retreat listed by our office for $11,500,000.
For a comprehensive view of last month’s sales and current inventory, view our August 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.
The dog days of summer are here and the August Events Calendar is full of great summer activities. From great live music to hiking and horseback rides, there is something for everyone. Check out our August Events calendar for a full list of great summer activities!
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