The biggest news in Crested Butte real estate in the past month is the announcement that Vail now officially owns the resort. What changes will this bring? In the short term, Epic passes will likely bring increased skier visits to the resort. Long term, I’ll expect to see an increase in infrastructure investment and perhaps an increase in flights to the Gunnison airport. Time will tell. September 2018 sales were down slightly compared to a year ago (73 transactions versus 78 in 2017). Year to date is also quite similar to last year, though the dollar volume is down slightly due to an increase in land sales and fewer high end home sales. Sales in October and November are frequently tied to nice weather, so that’s anyone’s guess at this point. 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. 9/30/2016 through 9/30/2017 versus the same period from 2017 to 2018). 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: Both sales prices and the number of transactions are up in this area, which has been one of the strongest performing neighborhoods.
- Mount Crested Butte (All Residential): Inventory remains a problem in Mount Crested Butte, which went down further compared to last month. For condos only, see below:
- Mount Crested Butte (Condos/Townhomes): As above- more listings are needed.
- Crested Butte: Sales in downtown Crested Butte remain similar year over year.
- Crested Butte Area: This category includes neighborhoods such as Skyland, Larkspur, Riverbend, Meridian Lake and Trapper’s Crossing. Sales have been slower in this area.
- Gunnison: Gunnison is another area that could use more homes for sale.
- Gunnison Area: This includes areas such as Dos Rios, Ohio Meadows, Cranor Hill, and Hartman Rocks. Like other neighborhoods in this report, prices are rising and the days on market is fairly short in the areas surrounding Gunnison. Inventory is down compared to last month.
- 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 continue to be one of the most popular segments of the local real estate market. While inventory is far more plentiful than homes or condos, it did fall compared to one month ago.
- Land Sales (Total): This category also covers our entire MLS area, including Almont, Lake City, Pitkin, Crested Butte, Gunnison, and other parts of the Gunnison Country. Prices and sales are both up.
Crested Butte/ Gunnison Home Sales, September 2018
Crested Butte/ Gunnison Land Sales, September 2018:
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.