Like most of the country, real estate in Crested Butte continues to move at a rapid pace. 84 closings took place with a total of $58.8M, compared to 26 last year and 32 in 2019. It remains a great time to sell, while for buyers, patience is important, along with the ability to act quickly. Typically, May is a fairly slow month locally, while the busy summer season begins to ramp up quickly in early June. 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. 4/30/2019 through 4/30/20 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: 13 properties are listed for sale in CB South, and 11 of them are under contract. If you’ve been waiting for the perfect time to sell your home in Crested Butte South, this is it.
- Mount Crested Butte (All Residential): Inventory in Mount Crested Butte continues to plummet- there are currently only 71 properties under contract, and 23 of those are under contract. 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: 9 of the 15 listings downtown are currently 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: Many properties in Gunnison continue to see multiple offers and accepted contracts within days, with 30 of the 37 listed properties currently under contract.
- 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): Two months ago, there had been 168 land sales in the previous 12 months, and today that number jumped up to well over 200. Vacant land has been selling quickly, but building costs may keep buyers from building in the short term.
- 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 and more than doubled year over year.
Crested Butte/ Gunnison Home Sales, April 2021
Crested Butte/ Gunnison Land Sales, April 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.