Current Market Conditions for September 2019
What started off as a slow summer due to an incredible large snowfall has continued. It appears the market has leveled off and is in a slight decline as prices increase substantially. Residential sales volume through August was $108,839,975 down $7,971,995 from last year along with amount of transactions (137 compared to 198). The average sales price, $794,452, is up 26% from $589,959 last year. Currently another 45 properties are under contract totaling $42,657,400, 14 of which are listed at $1mil or more including this beautiful estate right outside of town listed for $3,375,000 of which we represent the Buyer.
August Sales
In August, we had 9 single family home sales and 13 condo/town home sales in the upper valley. These 22 sales totaled $22,449,775 which was nearly $13mil more than last month. Sales ranged from a one bedroom Grand Lodge condo selling for $161,000 to a record breaking home sale in the town of Crested Butte selling for $4,461,500.
Land transactions were up 4 over last month with 13 sales totaling $4,846,300 in volume. This represents an increase of $1,552,300 in volume over last month. Sales ranged from a remote Schofield parcel for $25,000 to a Wilder on the Taylor parcel selling for $1,750,000.
SF = single family residence
Active Listings
Inventory increased slightly with only 7 new listings this month.
CRESTED BUTTE
30 homes (+3*)
9 condo/town homes (+1*)
MT. CRESTED BUTTE
23 homes (-4*)
76 condo/town homes (-1*)
RURAL CB
62 homes (-5*)
15 condo/town homes (+2*)
CRESTED BUTTE SOUTH
7 homes (+3*)
8 condos/town homes (+3*)
* Change from last month in parentheses
Current Inventory
SF = single family residence
Leading the Market
Through the end of August the Crested Butte Collection has been involved in $23,810,200 of sales volume representing nearly 6% of the entire real estate market in Gunnison County. We are ranked #1 for amount of transactions and #2 for volume.*
*Source: CREN August 31st, 2019
All reported statistics were not necessarily listed/sold by Crested Butte Collection. Information is intended only to show trends in the area.
Experience You Can Trust
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