Category: Market Reports

Real estate sales in June 2020 saw a strong rebound from May, with 45 transactions. While that trails the 56 transactions from last year, it still indicates a sharp recovery from the springtime slowdown caused by the Corona Virus. With nearly 100 properties under contract currently, July should also post strong sales numbers. In fact, […]

As I write this on the second day of June, there have already been at least 6 sales, and the total dollar volume of those sales already exceeds the dollar volume of all of May. Additionally, 80 properties are currently listed as “under contract”, so I expect June sales numbers will be much improved over May.

More than half of the sales were in the Gunnison area; usually 60% of the sales are in the Crested Butte area. Gunnison has more local buyers, so that isn’t entirely surprising when travel to Gunnison county is limited and all hotels and short term rentals are currently closed.

March started off much like the previous two months of 2020, with plenty of real estate activity. By March 17th, the unexpected closure of all Vail resorts including Crested Butte indicated that the world was rapidly changing. Further stay at home orders followed in Gunnison County and real estate agents in Crested Butte and Gunnison are currently not allowed to have any face to face contact with buyers or sellers.

As mentioned in my previous market report, January was busy, with a large number of properties going under contract. In February, we saw many of those properties sell- in fact, February 2020 was the busiest February in at a dozen years. 40 properties changed hands, compared to 36 last year. Many of those properties were […]