Summer is in full swing in Crested Butte, with Elk Avenue once again a one way street with lots of visitors. The summer event schedule appears that it may go back somewhat to normal- plans haven’t yet been finalized for the 4th of July, but it sounds like we will have a parade this year. There were 85 sales last month, a far cry from 15 a year ago in the worst of the pandemic. Many new listings continue to go under contract quickly, so buyers still need to be ready to act when they see something they like. At this point, I wouldn’t expect any large influxes of new listings, just some here and there. 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. 5/31/2019 through 5/31/20 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: As of May 31, there were only 9 homes for sale, and most of those were under contract.
- Mount Crested Butte (All Residential): Inventory in Mount Crested Butte continues to plummet- there are currently only 73 properties for, many 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. Grand Lodge and Three Season condos, which sometimes take longer to sell, are starting to see more activity.
- Crested Butte: There was a slight increase in inventory in downtown Crested butte, but nearly half of the homes were 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.
- Gunnison Area: This includes areas such as Dos Rios, Ohio Meadows, Cranor Hill, and Hartman Rocks. Along with downtown Gunnison, the area surrounding Gunnison has been extremely active. As prices in Crested Butte continue to rise, I expect to see this trend continue, especially north of Gunnison.
- 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, with nearly 3X the number of sales 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, May 2021
Crested Butte/ Gunnison Land Sales, May 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.