July 2019 Crested Butte Market Report

Blog Market Reports

The big news in Crested Butte real estate this past month was the sale of the 156 acre”North Village” parcel near the Snodgrass trailhead, for $5.3 Million. This area was expected to be developed along with a ski area expansion onto Snodgrass mountain, though the forest service denied those expansion plans. No word yet on what type of development will be pursued, so stay tuned. In other news, June sales were down compared to previous years, though the dollar volume was still up thanks to the sale mentioned above and generally higher prices. Time will tell, but my suspicion is that the heavy winter snowfall and late arrival of spring/summer has something to do with the lower unit volume. Inventory is up this month, thanks to a number of new listings (common for this time of year). If you aren’t already receiving my monthly newsletters which include my market reports and community updates, please click the button below:

crested butte real estate market

The following year over year graphs compare the previous 365 days with the same period one year ago (i.e. 6/30/2017 through 6/30/2018 versus the same period from 2018 to 2019). 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: CB South home and land prices continue to rise, along with an increase in vacant land for sale.
    • Mount Crested Butte (All Residential): Listings in Mt Crested Butte rose nearly 20% since last month thanks to our seasonal market. For condos only, see below:
    • Mount Crested Butte (Condos/Townhomes): Condos at the ski area once again increased in price.
    • Crested Butte: Inventory in downtown Crested Butte continues to be tight, and well-priced and presented homes tend to sell quickly.
    • Crested Butte Area: This category includes neighborhoods such as Skyland, Larkspur, Riverbend, Meridian Lake and Trapper’s Crossing. “Rural Crested Butte” also had an increase in listings since last month.
    • Gunnison: Gunnison and the surrounding area continue to be one of the busiest areas.
    • Gunnison Area: This includes areas such as Dos Rios, Ohio Meadows, Cranor Hill, and Hartman Rocks.
    • 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): Crested Butte land sales were slow last month, perhaps due to the lingering spring snow.
    • 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. As above.

days on market summer 2019 crested butte real estate

summer 2019 average home price crested butte

summer 2019 crested butte real estate sales

Crested Butte/ Gunnison Home Sales, June 2019

home sales crested butte june 2019
crested butte home sales 2019

Crested Butte/ Gunnison Land Sales, June 2019:

2019 crested butte land sales

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.

Summary
July 2019 Crested Butte Market Report
Article Name
July 2019 Crested Butte Market Report
Description
July 2019 Crested Butte real estate information: Graphs, statistics, sold data, and analysis of the Crested Butte and Gunnison markets. Compare year over year statistics for all the major neighborhoods in the area.