DOWNTOWN CRESTED BUTTE

  • 41 Single Family Homes Sold. $65,995,525 total sales volume. Up 45% in sales volume from 2019. Up 49% (additional 20 units) compared to number of homes sold in 2019.
  • Average Sold Price was $1,609,646. Down 7% from 2019.
  • Median Sold Price was $1,400,000. Down 2% from 2019.
  • Highest Price Paid: $3,900,000. Down 12.5% from 2019.
  • Lowest Price Paid: $650,000. Up 15% from 2019.
  • Average Price Per Sq Ft: $780.39. Up 7% from 2019.
  • Highest Price Paid Per Sq Ft: $1,295. Up 3% from 2019.

MOUNT CRESTED BUTTE

  • 33 Single Family Homes Sold. $46,514,800 total sales volume. Up 48% in sales volume from 2019. Up 31% (additional 10 units) compared to number of homes sold in 2019.
  • Average Sold Price was $1,409,539. Up 24% from 2019.
  • Median Sold Price was $1,235,000. Up 22% from 2019.
  • Highest Price Paid: $3,500,000. Up 38% from 2019. (Home located in the Summit subdivision)
  • Lowest Price Paid: $565,000. Up 3% from 2019.
  • Average Price Per Sq Ft: $478. Up 16% from 2019.
  • Highest Price Paid Per SFT: $734. Up 10% from 2019

MOUNT CRESTED BUTTE CONDOS + TOWNHOMES

  • 125 Condos/Townhomes Sold. $61,603,598 total sales volume. Up 34% (additional 42 units) compared to number of units sold in 2019. Up 34% in sales volume from 2019.
  • Average Sold Price was $492,828. Up 1% from 2019.
  • Median Sold Price was $450,000. Same from 2019.
  • Highest Price Paid: $3,675,000. Up 33% from 2019. **New record high sale in history (Westwall Lodge Penthouse)
  • Lowest Price Paid: $85,000. Down 43% from 2019. (391 sq. ft. Grand Lodge Condo-tel)
  • Median Price Paid Per Sq Ft: $448. Down 3% from 2019.
  • Highest Price Paid Per SFT: $1,073. Up 39% from 2019.

RURAL CRESTED BUTTE

  • 62 Single Family Homes Sold. $113,739,100 total sales volume. Up 60% in sales volume from 2019. Up 56% (35 units) sold compared to 2019.
  • Average Sold Price was $1,834,501. Up 7% from 2019.
  • Median Sold Price was $1,590,000. Up 18% from 2019.
  • Highest Price Paid: $5,150,000. Up 17% from 2019. *48 acre, 6600 sq. ft. luxury home on the Slate River (4.5 miles from Downtown CB)
  • Lowest Price Paid: $420,000. Down 21% from 2019. *2300 sq. ft. Home located on Upper end of Almont
  • Average Price Per Sq Ft: $514. Same from 2019.
  • Highest Price Paid Per Sq Ft: $2,482. Up 62% compared to 2019. 4000 sq. ft. home in Moon Ridge situated on 124 acres.

CRESTED BUTTE SOUTH

  • 18 Single Family Homes Sold. $14,298,100 total sales volume. Up 24% in sales volume from 2019. Up 16% (additional 3 units) sold compared to 2019.
  • Average Sold Price: $794,338. Up 9% from 2019.
  • Median Sold Price: $803,500. Up 11% from 2019.
  • Highest Price Paid: $1,212,500. Up 22% from 2019. *New sales record
  • Lowest Price Paid: $475,000. Up 12% from 2019.
  • Average Price Per Sq Ft: $314. Up 9% from 2019.
  • Highest Price Paid Per SFT: $407. Up 26% from 2019.

ALMONT

  • 15 Single Family Homes Sold. $7,594,400 total sales volume. Down 32% in sales volume from 2019. Up 16% (additional 3 units) sold compared to 2019.
  • Average Sold Price: $506,293. Down 50% from 2019.
  • Median Sold Price: $438,600. Down 32% from 2019.
  • Highest Price Paid: $1,197,000. Down 46% from 2019.
  • Lowest Price Paid: $172,500. Down 39% from 2019.
  • Average Price Per Sq Ft: $330. Down 49% from 2019.
  • Highest Price Paid Per SFT: $452.75. Down 72% from 2019.

GUNNISON & GUNNISON RURAL

  • 127 Single Family Homes Sold. $66,146,160 total sales volume. Up 32% in sales volume from 2019. Up 23% (additional 29 units) sold compared to 2019.
  • Average Sold Price: $520,835. Up 11% from 2019.
  • Median Sold Price: $436,500. Up 10% from 2019.
  • Highest Price Paid: $5,000,000. Up 39% from 2019.
  • Lowest Price Paid: $50,000. Down 22% from 2019.
  • Median Price Per Sq Ft: $244. Up 8% from 2019.
  • Highest Price Paid Per SFT: $1,302.08. *1300 sq. ft. cabin on 50 acres with 300 feet of Gold Creek frontage Up 65% from 2019.
**Rural Crested Butte is considered the following areas: Washington Gulch Road, Meridian Lake Meadows/Park, Red Mountain Ranch, Star Mountain Ranch, East River Ranches, Gothic Corridor, Skyland, Riverland, Riverbend, the Bench/Journey's End, Trapper's Crossing, etc. prior to reaching Almont.
** Figures above do not represent current pending transactions.
**Average days on market is currently less than 84 days.

136 parcels sold in the Upper Valley in 2020 totaling $56,948,707 in sales volume which is 39% more in volume than 2019. 16 of these parcels closed above $1M with a high sale of $2.5M.
Unbelievably and unexpectedly, despite second quarter shutdown, the 2020 real estate market in Crested Butte turned into our biggest year in the past decade with total sales volume at an alarming $400 million. If you are looking to buy or sell, please contact me for an in-depth discussion on our current marketplace and activity. With such little inventory, properties are often facing multiple offers at a premium, and going under contract faster than we have experienced since pre-covid days. If someone you know is looking to explore opportunities -buying or selling- in the Gunnison Valley, please share this information with them and others who will find this helpful. You referrals are the highest compliment I can receive.

Wishing you health, happiness and prosperity in 2021! THANK YOU for making 2020 one of my best years in business! I look forward to seeing you in Crested Butte.

Cheers,