While many things are starting to feel “normal” in Crested Butte, with events like the 4th of July parade, Alpenglow concerts, and Cattleman’s Days in Gunnison returning, the real estate market continues to feel anything but normal. Limited inventory continues to be a challenge for buyers, though thankfully the silver lining is that interest rates remain quite low. Patience remains a virtue for buyers, while for sellers this is a great time to consider selling. 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. 6/30/2019 through 6/30/20 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: 4 of just 10 active listings are under contract.
- Mount Crested Butte (All Residential): Inventory in Mount Crested Butte continues to plummet- there are currently only 69 properties for, nearly half of them at the Grand Lodge. 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. Condos continue to sell quickly, often with multiple offers.
- Crested Butte: There was a slight increase in inventory (for the second month in a row!) in downtown Crested Butte, but nearly half of the homes are already under contract.
- Crested Butte Area: This category includes neighborhoods such as Skyland, Larkspur, Riverbend, Meridian Lake and Trapper’s Crossing. Like other areas, rural Crested Butte doesn’t have much inventory at this time.
- Gunnison: Homes in Gunnison continue to sell quickly, with 2/3rds of the listings currently under contract.
- Gunnison Area: This includes areas such as Dos Rios, Ohio Meadows, Cranor Hill, and Hartman Rocks. Like downtown Crested Butte, this area actually saw a slight uptick in listings, but many of them quickly went under contract.
- 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): Land sales are absolutely exploding, up 346% year over year.
- 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 greatly year over year.
Crested Butte/ Gunnison Home Sales, June 2021
Crested Butte/ Gunnison Land Sales, June 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.