April 2024 Market Update

The Crested Butte Collection Market Update is your source for the latest real estate trends throughout Crested Butte and the Gunnison Valley. Our April 2024 Market Update summarizes market statistics through Q1 and also dives into March sales throughout Gunnison County and the Upper Gunnison Valley.

Q1 2024 Review

Gunnison County

Upper Gunnison Valley

The Upper Gunnison Valley residential market experienced a 55% increase in the number of sales YTD (34 vs 22), with an impressive 121% growth rate in sales volume, due to a 31% increase in average sale price ($1.55M for Q1 of 2024 vs $1.19M in 2023.) One positive sign for the upper valley was a significant increase in new listings compared to 2023 in both residential and land segments.

March 2024 Review

Gunnison County

March proved to be a strong month for real estate with an incredible 246% growth rate in residential sales volume throughout Gunnison County compared to 2023. The highest sale was 67 Wapiti Way, a stunning new construction in Skyland that sold for $4,700,000. The number of land sales remained consistent with last year with a total of seven, but sales volume and average sale price of land were both slightly above 2023, with the highest sale at $1,450,000 for 161 Pyramid Avenue, a 0.46 AC Aperture lot.

Upper Gunnison Valley

In the Upper Gunnison Valley market, we continue to see growth in sales volume and average sale price year over year. Although residential segments saw a 15% decrease in new listings compared to 2023, we had a 25% increase in new land listings. As of April 2nd, there are 63 properties under contract, totaling over $73.8M.

Active Listings

CRESTED BUTTE SOUTH
2 Single Family Homes (-2)
10 Condos/Townhomes (+2)

*Change from previous month in parenthesis. Active listings as of 4/2/24.

All reported statistics were sourced from CREN MLS and not necessarily listed/sold by Crested Butte Collection. Commercial sales were excluded. Information is intended only to show real estate market trends in the area.