95 sales were recorded last month totaling $59M- yet another record. It’s hard to believe that a year ago everything basically stopped- including real estate. Among the notable sales last month were the vacant lots in Prospect, which are now being relisted with a new owner (and higher prices). It remains a great time to sell, while for buyers, patience is important. If you aren’t already receiving my monthly newsletters which include my market reports and community updates, please click the button below:
The following year over year graphs compare the previous 365 days with the same period one year ago (i.e. 3/31/2019 through 3/31/20 versus the same period from 2020 to 2021). With such a small market (sample size) these numbers can jump around, so it’s worth comparing these graphs over a period of time. My Gunnison and Crested Butte real estate market report archives can be found on this page. If you are looking for other statistics, such as inventory, or a more specific neighborhood analysis, please Contact Me.
- Crested Butte South: Last month, there were only 4 listings in CB South, and all of them were under contract. Now, there are 13, but 11 of them are under contract. If you’ve been waiting for the perfect time to sell your home in Crested Butte South, this is it.
- Mount Crested Butte (All Residential): Inventory in Mount Crested Butte fell once again, to just 82 active/pending listings. For condos only, see below:
- Mount Crested Butte (Condos/Townhomes): Condos near the ski area, even in the higher price ranges, remain a rare commodity. Grand Lodge and Three Season condos, which sometimes take longer to sell, are starting to see more activity.
- Crested Butte: Downtown Crested Butte continue to be an active market, with 8/18 listings under contract. Commercial sales have been very active this year, largely due to one buyer who has purchased or is under contract to purchase several buildings in Crested Butte.
- Crested Butte Area: This category includes neighborhoods such as Skyland, Larkspur, Riverbend, Meridian Lake and Trapper’s Crossing. The median sales price in this area now stands at $1.237M!
- Gunnison: Many properties in Gunnison continue to see multiple offers and accepted contracts within days.
- Gunnison Area: This includes areas such as Dos Rios, Ohio Meadows, Cranor Hill, and Hartman Rocks. Along with downtown Gunnison, the area surrounding Gunnison has been extremely active. As prices in Crested Butte continue to rise, I expect to see this trend continue, especially north of Gunnison.
- Total Residential Sales: This category covers our entire MLS area, including Lake City, Pitkin, Crested Butte, Gunnison, and points between.
- Land Sales (Upper valley from CB South through Mount Crested Butte): Last month, there had been 168 land sales in the previous 12 months, and today that number jumped up to nearly 200. Vacant land has been selling quickly, but building costs may keep buyers from building in the short term.
- Land Sales (Total): This category also covers our entire MLS area, including Almont, Lake City, Pitkin, Crested Butte, Gunnison, and other parts of the Crested Butte/Gunnison area. Like the Crested Butte area, land sales throughout the county have increased and more than doubled year over year.
Crested Butte/ Gunnison Home Sales, March 2021
Crested Butte/ Gunnison Land Sales, March 2021:
Source: Gunnison Country Association of Realtors’ MLS/ CREN. Reported sales not necessarily sold or listed by Frank Konsella and are intended only to show area trends.