Current Market Conditions for October 2019
A lull in our real estate market that appears to be attributed to the upcoming election continues. Residential sales volume through September was $126,485,975 down $10,759,485 from last year along with amount of transactions (157 compared to 226). The average sales price continues to climb upward though. $805,643 which is up 25% from $607,280 last year. Currently another 47 properties are under contract totaling $45,509,360, 12 of which are listed at $1mil or more.
September Sales
In September, we had 11 single family home sales and 9 condo/town home sales in the upper valley. These 22 sales totaled $17,646,000 which is down almost $5mil from than last month. Sales ranged from a two bedroom Chadlington condo selling for $295,000 to a beautiful Mt. Crested Butte log home selling for $2,170,000.
Land transactions were down 2 over last month with 11 sales totaling $3,717,500 in volume. Sales ranged from a super steep parcel on Castle Road for $60,000 to a gorgeous oversized town parcel bordering ranch land selling for $1,475,000. Noteworthy is that land sales overall for the year exceeded last year’s sales by nearly $3mil with a total of $30,812,550.
SF = single family residence
Active Listings
Inventory decreased slightly with 7 less listings this month.
CRESTED BUTTE
29 homes (-1*)
8 condo/town homes (-1*)
MT. CRESTED BUTTE
23 homes (n/a*)
77 condo/town homes (+1*)
RURAL CB
60 homes (-2*)
9 condo/town homes (-6*)
CRESTED BUTTE SOUTH
7 homes (n/a*)
10 condos/town homes (+2*)
* Change from last month in parentheses
Current Inventory
Leading the Market
Through the end of September, the Crested Butte Collection has been involved in $26,245,200 of sales volume representing over 5% of the entire real estate market in Gunnison County. We are ranked #2 for amount of transactions and #2 for volume so far this year.*
*Source: CREN October 4th, 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