Current Market Conditions for July 2019
The overall residential market through the end of June continues to improve. Sales volume has surpassed last year-to-date volume ($76,381,200 up nearly $7.5mil from $68,931,819). Amount of transactions are down (100 compared to 117 same time last year) but the average sale price is $763,812 up from $589,161. With a summer season that shows no signs of slowing down we are expecting record breaking sales volume the second half of the year. Currently another 20 residential properties under $1mil are under contract. Currently only 3 properties a million and over are under contract, 4 less than last month. Noteworthy is 518 Ninth Street what could become the most expensive sale in the town of Crested Butte.
June Sales
In June, we had 9 single family home and 15 condo/town home sales in the upper valley. These 24 sales totaled $20,501,000, and was up nearly $1.5mil from last month. Sales ranged from a one bedroom Evergreen condo selling for $150,000 to a brand new home in Downtown Crested Butte selling for $3,850,000. This represents $1,135 a sq. ft. a new record!
Land sales volume was up dramatically with 7 sales totaling $8,576,351 representing an increase of $7,837,351 over last month. This is largely due to this parcel selling so expect some new developments on the mountain in the future! Other prices ranged from a Buckhorn Lot in Crested Butte lot for $100,000 to a 91.5 acre riverfront parcel selling for $2,520,000.
SF = single family residence
Active Listings
A welcomed increase in inventory of 49 listings has hit the market over the last month adding more selection for those looking to purchase.
CRESTED BUTTE
26 homes (+9*)
9 condo/town homes (+2*)
MT. CRESTED BUTTE
24 homes (+8*)
73 condo/town homes (+13*)
RURAL CB
65 homes (+14*)
10 condo/town homes (+1*)
CRESTED BUTTE SOUTH
4 homes (+1*)
10 condos/town homes (+1*)
* Change from last month in parentheses
Current Inventory
SF = single family residence
Leading the Market
Through the end of June the Crested Butte Collection has been involved in $19,574,200 of sales volume representing 23% more than any other agent in Gunnsion County.*
*Source: CREN June 30th, 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