Category: Market Reports

November 2019 real estate sales in the Crested Butte and Gunnison area totaled $29.6 Million and 46 transactions. Last year during the same time frame, there were 64 transactions totaling $34.8 Million. This has been the trend throughout 2019- fewer transactions but higher sales prices. Higher prices and limited inventory at certain price points are […]

Despite the rising prices, however, buyers have been successful with negotiations in the Crested Butte area. The vast majority of sales have been below asking price, and I could not find a single one for above asking price.

September 2019 sales in the Crested Butte-Gunnison area totaled $31.4M dollars, a slight decrease from last year’s $31.8M. As we’ve seen for the past few months, however, the total number of sales were down- just 56 transactions last month compared to 75 the year before.

Simply put, prices continue to rise in the Crested Butte and Gunnison areas, and I see no reason to believe that that trend won’t continue for the foreseeable future due to continued high demand but low inventory of homes available.

It’s interesting to note that the median price in this area is less than downvalley areas like CB South. I cannot think of another ski area where prices are lower at the ski area than surrounding areas.