While April 2019 was a slow month in Crested Butte real estate compared to previous years, May came roaring back with the most sales and dollar volume in over ten years. Over the first five months of 2019, dollar volume is up roughly 5%, while total transactions are down about 5%. This shouldn’t come as a surprise given the lack of inventory in the area. June has traditionally been a month that sees a high number of new listings, so if you’re a buyer, keep checking in for new homes for sale. The lack of inventory means that if you or someone you know is contemplating selling local property, now is a great time to do so. 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. 5/31/2017 through 5/31/2018 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 values have continued to soar, accompanied by short days on market and low inventory. Almost half of the listed properties are currently under contract. This has been the case for a while.
- Mount Crested Butte (All Residential): Prices are rising across the board in Mt Crested Butte, though there is good value here in the single family home category. For condos only, see below:
- Mount Crested Butte (Condos/Townhomes): Condos at the ski area continue to increase in price and inventory continues to be tight.
- Crested Butte: Downtown Crested Butte sales are up over last year.
- Crested Butte Area: This category includes neighborhoods such as Skyland, Larkspur, Riverbend, Meridian Lake and Trapper’s Crossing. Sales volume is down in the area, primarily due to lack of inventory.
- Gunnison: Gunnison real estate is very busy right now, and it is becoming more difficult to find houses for sale. Gunnison buyers should be prepared to act quickly if they find a home they like.
- 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): Inventory increased in this area compared to last month, most likely due to property owners waiting for snowmelt prior to listing their vacant land.
- 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.
Crested Butte/ Gunnison Home Sales, May 2019
Crested Butte/ Gunnison Land Sales, April 2019:
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.