Crested Butte Collection Newsletter
September 2023 Edition
September is here and fall is just around the corner! We saw a dip in visitors directly after the Arts Festival, however we’ll soon see the “Leaf Peepers” flocking to the valley to capture the spectacular fall colors. We expect peak leaf season to be toward the end of September and into early October. Although the days are getting shorter, and the nights colder, there is still time to get out and enjoy camping, hiking, and/or biking in the high country.
The overall residential real estate market is seeing some momentum as we close out the summer season. We ended August with $227M in sales volume year to date, with another $94M currently under contract. The average sales price is up 8% county-wide at $950,092, while the average sales price for the upper Gunnison valley is currently $1,377,285, which is up 16% YOY.
Although inventory is down from last month, we are seeing buyers exhibit patience as current interest rates continue to affect their purchase power. Additionally, with the close of the summer season, we expect buyer demand to slow during the fall off-season. Now is the time to complete those updates and home renovations to better prepare for the winter selling season, which will be here sooner than we think!
Appreciatively,
Kiley | Kourtney
Email 970.596.3219
Leaders in Crested Butte Real Estate
Crested Butte Collection ranked #4 for quantity of transactions and #5 for volume in Gunnison County for 2022.*
*Source: CREN December 31st, 2022
Current Market Conditions
August saw strong residential sales throughout the upper Gunnison valley with a 41% spike in sales volume over July. Land sales on the other hand dipped, with a 7% decrease in sales volume, despite an increase in the number of closed transactions.
For a comprehensive view of last month’s sales and current inventory, view our September 2023 Market Report.
Active Listings
Local Expertise
If you’re looking to buy or sell in Crested Butte and the Gunnison Valley, please contact us. We are happy to provide information on the area, a list of properties that suit your criteria, and/or prepare a complimentary comparative market analysis to assess the value of your property.
Featured Listings
67 Wapiti Way
Crested Butte
5 BR | 5f, 1h Bth | 3,967 Sq Ft
$4,950,000
21685 State Highway 135
Crested Butte
2 BR | 2 Bth | 1,140 Sq Ft
$1,800,000
251 Lower Allen Road
Crested Butte
3 BR | 2 Bth | 1,769 Sq Ft
$1,450,000
18 Saint Andrews, Unit 18
Crested Butte
3 BR | 3 Bth | 1,485 Sq Ft
$1,350,000
236 Goren Street
Crested Butte South
3 BR | 2.5 Bth | 2,368 Sq Ft
$1,225,000
114 Big Sky Drive, Unit A
Mt. Crested Butte
3 BR | 2.5 Bth | 1,401 Sq Ft
$840,000
Town Events
The dog days of summer are here and the August Events Calendar is full of great summer activities. From great live music to hiking and horseback rides, there is something for everyone. Check out our September events calendar for a full list of great summer activities!
We build our business on integrity and service. The highest compliment we can receive is the referral of friends, family and business associates. Thank you for your trust.
Kiley Flint
Broker Associate | Team Leader
Crested Butte Collection
LIV Sotheby’s International Realty
401 Elk Avenue | PO Box 210
Crested Butte, CO 81224
c 970-596-3219
kiley@crestedbuttecollection.com
