Current Market Conditions for July 2023
Residential sales volume through June totaled $80,024,881 which is down $61,284,569 from this time last year. The number of transactions are also down (63 compared to 291). The average sales price, $1,276,236, however is up 14% from $1,095,422 last year. Currently there are 36 properties under contract totaling $40,279,776; 10 of which are listed at $1mil or more including this beautiful new home in the Town of Crested Butte, listed by our office for $5,395,000.
June Sales
In June, we had 8 single family home sales and 9 condo/townhome sales in the upper valley*. These 17 sales totaled $32,254,951 which is up $20,731,951 from May. Sales ranged from a three bedroom deed restricted manufactured home on Red Lady Avenue selling for $125,401 to a rare offering in Roaring Judy Ranch listed by our office which sold for $8,500,000.
Land transactions were up 1 from the previous month with 6 sales totaling $3,092,500 in volume. This represents a slight decrease in volume of $667,500 from May. Sales ranged from a Crested Butte South lot for $225,000 in which we represented the Buyer, to a FSBO parcel in the Whetstone Industrial Park selling for $1,000,000.
SF = single family residence
*Upper Valley = data collected from Almont north
Active Listings
Inventory is up with 51 more listings this month.
CRESTED BUTTE
30 homes (+6*)
6 condo/town homes (+1*)
MT. CRESTED BUTTE
13 homes (+7*)
74 condo/town homes (+22*)
RURAL CB
28 homes (+13*)
8 condo/town homes (+4*)
CRESTED BUTTE SOUTH
5 homes (+1*)
5 condos/town homes (+1*)
* Change from last month in parentheses
Current Inventory
Leading the Market
Crested Butte Collection ranked #4 for quantity of transactions and #5 for volume in Gunnison County for 2022.*
*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.
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