Crested Butte Collection Newsletter
February 2024 Edition
As we settle into the new year, Crested Butte has enjoyed several powder days so far this winter with more in the forecast! February is a favorite time for skiers and snowboarders in Crested Butte as we typically have better snow coverage and more open terrain by this time, with less crowds than the holidays and spring break. Crested Butte Mountain Resort is now 100% open, so we hope to see you out on the slopes!
We’re excited to introduce Sotheby’s International Realty’s 2024 Luxury Outlook report, an in-depth exploration of high-end residential markets across the globe and the top trends shaping real estate investment decisions in the year ahead.
Gunnison County real estate experienced a strong start to 2024, with an increase in sales, inventory, and new listings compared to this time last year. The January 31st Fed announcement confirmed interest rates will remain steady, with a March cut “unlikely” citing the need for more confidence that inflation rates are on a sustained decline. A hopeful takeaway was a general consensus among experts that rates will come down later this year, but when, of course, they cannot say.
We love following the ebb and flow of the real estate trends in our valley. If you’re interested in discussing your real estate goals and how we can help, give us a call or email us!
Appreciatively,
Kiley | Kourtney
970.596.3219
Local Expertise
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 comparative market analysis to assess the value of your property.
Current Market Conditions
Gunnison County began 2024 strong with and increase year over year in total sales, inventory, and new listings. This was in part due to a large sale in Almont that closed at $5,750,000. This sale did contribute to a 63% jump in average sales price YOY as well. Land sales were also up despite a slight dip in average and median sale price. The Upper Gunnison Valley saw a 33% increase in number of residential sales in January compared to last year; however, sales volume and average sale price were down.
Residential
Land
Featured Listings
Ski-In / Ski-Out Mountain Chalet
56 Summit Road, Mt. CB
3 Bed + Loft | 3.5 Bed | 3,476 SF
$5,325,000
New Construction on 12th Fairway
67 Wapiti Way, Crested Butte
5 Bed | 5.5 Bath | 4,967 SF
$4,950,000
Waterfront Buckhorn Ranch Lot
189 Lake Ridge Drive, Crested Butte
0.48 Acres
$450,000
Your Guide to Crested Butte
Leaders in Crested Butte Real Estate
Ranked #3
Upper Gunnison Valley
Transactions Closed
Ranked #4
Upper Gunnison Valley
Total Sales Volume
Ranked #3
Gunnison County
Residential Sales Volume
Ranked #4
Gunnison County
Total Sales Volume
Source: CREN, January – December 2023
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
Principal Broker
Crested Butte Collection
LIV Sotheby’s International Realty
401 Elk Avenue | PO Box 210
Crested Butte, CO 81224
c 970-596-3219
kiley@crestedbuttecollection.com
