Crested Butte | Q1 2020
The incredible community of Crested Butte, Colorado is a place you have to see to believe. Located within Gunnison County, which includes Town of Crested Butte, Mount Crested Butte, Crested Butte South, Almont, and the City of Gunnison, this area is a community of mining towns turned into a world-class skiing and hiking resort destination. With unparalleled access to the mountains as well as proximity to Blue Mesa Reservoir, Colorado’s largest body of water, visitors from around the globe flock to Crested Butte and its surrounding communities for the chance to experience the outdoors like never before.
LIV Sotheby’s International Realty produces a Micro Market Report focused on the Crested Butte market and its performance in Q1 of 2020 in comparison to the same time period in 2019. Total dollar volume in sales for all of Gunnison County grew by 6.5% in Q1 of this year, totaling $59,208,408. The average price for homes in this area also increased from last year. Homes listed in Gunnison County saw a 15.1% increase in price during Q1 of this year compared to Q1 of 2019, making the average price $543,196.
Overall, the number of condominium and townhome sales in Gunnison County increased by an impressive 45.2%. During Q1 this year, 42 condominiums and townhomes sold compared to the same time frame in 2019 when 23 condominiums and townhomes sold.
Analyzing all communities within Gunnison County, Mt. Crested Butte experienced the largest increase in all properties sold during Q1 of 2020. This community saw an incredible 70% increase in properties sold, growing from 20 homes sold in Q1 of 2019 to 34 homes sold in Q1 of this year.
For those looking to invest in a home and a community unlike any other, Crested Butte is the place. With options to buy and sell homes as well as land parcels, there are endless possibilities in the Crested Butte real estate market for consumers to reach their lifestyle and real estate goals.
This Colorado Micro Market Report includes real estate data statistics for the following neighborhoods (single family, unless otherwise indicated): Town of Crested Butte, Mt. Crested Butte, Crested Butte South, Almont, and City of Gunnison.