970.209.2421 // Gary.Huresky@SIR.com

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Gary Huresky’s Crested Butte Real Estate Resource

Gary Huresky - Crested Butte Sotheby's International Realty

Gary Huresky’s Crested Butte Real Estate Resource is a resourceful tool for anyone interested in buying or selling real estate in Crested Butte, Mt. Crested Butte or Gunnison.

Please Contact Gary Huresky, your knowledgeable Crested Butte Realtor, with any of your questions. Buyers can Browse Crested Butte and Gunnison featured properties or Search the Crested Butte and Gunnison MLS.  Either way, you will find a diverse property selection.

970.209.2421

Gary.Huresky@SIR.com

Crested Butte Sotheby’s International Realty
401 Elk Avenue,
Crested Butte, Colorado 81224

First Quarter Market Report for 2017

The first quarter of 2017 began with snow storm after snow storm and January alone ended with a 136 inches of snow. It really created a difficult situation as potential buyers could barely see the outside of most homes as snow piled up past the roof line. Along with the snow, there was a decrease in inventory which added up to a small decrease (-1.7%) in overall sales volume compared to the first quarter of 2016.

The single family home segment of the market was up in the non-incorporated areas. Rural Crested Butte homes, Crested Butte South homes and Almont and Rural Gunnison homes all saw sales volume increases between 12% and 21%. The towns and cities in our area saw decreases in sales volume, between (-16%) and (-65%), which included Crested Butte, Mt. Crested Butte and Gunnison. As we saw in 2016 the condo and townhome market continues to be strong in 2017. A staggering 88% increase in Mt. Crested Butte. We continue to see an influx of Denver metro buyers flocking to Crested Butte and entering our real estate market in the more affordable condo and townhome segment. The land segment of our market was slow but that is to be expected when most lots are covered with 10 feet of snow.

As we enter the second quarter of 2017, we are seeing an increase in sales volume as the upper valley already has 90 properties currently under contract with a current listing value of over $61 million. Another influencing factor is that the second quarter historically is when we see an influx of listings. During the second quarter, sellers are putting their property on the market before the busy summer selling season. Some of these new properties will hit the market, go under contract and close all within the second quarter.

As noted above this is a great time to list your property as there is a decrease in inventory, average prices are continuing to rise and we will see an influx of buyers during the summer. Contact us so we can show you how Benson Sotheby’s International Realty gives your property the greatest worldwide exposure available in our market.

Feel free to contact me at (970) 209-2421 or Gary.Huresky@SIR.com.

Click the Quarter Report image for full report.

Crested Butte Real Estate Quarter 1 Market Report

COLLECTION – Winter 2016/2017

Crested Butte Real Estate Winter Collection

Our local real estate market is going to finish 2016 with a bang. The fourth quarter sales brought our market up from zero growth in overall sales volume at the end of the third quarter to now being up by almost 10%.

Multiple factors have helped our strong real estate growth. The overall national economy, and in particular the stock market, continue to grow. The DOW is about to break the 20,000 mark as of this writing. Also, Colorado and Crested Butte continue to be discovered by visitors and new families who are looking to relocate here for a lifestyle change.

Looking back at 2016 our strongest market segment was the condo and townhome market in Mt. Crested Butte. More buyers, particularly those from the metro areas of Colorado, were looking to get their foot in the door before prices rose too much. These are buyers that have been priced out of other ski resort markets such as Vail, Aspen, and Telluride. The condo sales volume was up over 80% compared to 2015. There were over 100 condos sold in 2016 under the $250,000 price point.

Our market will continue to see average prices rise in 2017. Our biggest concern in 2017 is going to be listing scarcity. As Crested Butte grows there will be a lack of listings as there was a deficit of new construction here after the crash.

 

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