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

Fourth Quarter Market Report for 2017

The Crested Butte real estate market experienced robust growth in 2017. Overall average price, numbers of properties sold, and sales volume all increased between 18% and 41%. Each of these metrics was the most we have seen in the Crested Butte area in the past ten years.

The single-family home segment saw sales volume growth in almost all areas with Rural Crested Butte, Crested Butte South, and Rural Gunnison and Almont homes having 40% plus rates of growth. The condo and townhome segment also saw high rates of sales volume growth in Mt. Crested Butte and the surrounding areas, with growth rates above 33%. The Land segment saw extremely high rates of sales volume growth in both Mt. Crested Butte and Rural Crested Butte. Mt. Crested Butte land sales volume was $2.9 million in 2016 and $7.4 million in 2017. Rural Crested Butte land sales volume was $7.6 million in 2016 and $18.2 million in 2018.

There are currently 51 properties under contract in the Upper Valley with a listing value of $29.6 million.

We are expecting an active real estate market in 2018, with average prices expected to rise throughout all market segments. With over half the available properties currently on the market being land parcels and residential lots, we expect an upward trend in land sales.

At Crested Butte Sotheby’s International Realty, we finished 2017 as the number one brokerage for the seventh straight year. In fact, we doubled our competition in both in sales volume and transactions.

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

Click the Quarter Report image for full report.

Year End 2017 Crested Butte Real Estate

COLLECTION – Winter 2017/2018

Winter 17-18 Cover Crested Butte Real Estate

We are excited to inform all about the change and uptick in the market. Our overall sales volume for the upper East River Valley has increased a staggering 41.2% year to date. We noted in our Q2 – Quarter Report about the influx of new people discovering Crested Butte, as well as Colorado, yet these numbers are almost stupefying. The first quarter of the year was slightly down from 2016, thus this entire growth has happened during the second, third and fourth quarters of 2017.

Rural Crested Butte single family homes and lots are both up 127% compared to last year. Condos in Mt. Crested Butte sales volume numbers continue to grow over the last year and a half. This summer land has also started to rebound as the average price of residential properties continue to increase year over year.

There are 59 pending contracts with a listing value of $31.8 million. We will end the 2017 calendar year over the quarter of a billion dollar mark for the upper valley for the first time in our history.

 

Resort Report for 2018

As the national residential real estate market continues to evolve, it is important to note that markets demonstrating some of the most unique performances in the nation, are those located in resort communities throughout Colorado and the western United States. The Crested Butte Sotheby’s International Realty annual Resort Report analyzes data pertinent to the various resort real estate markets located throughout Colorado and the western United States, helping consumers make better real estate decisions, whether purchasing or selling a home in a resort area.

Typically found in desirable, slightly less accessible locations than national mainstream markets, resort markets tend to have a larger volume of luxury offerings to accommodate high-net-worth individuals that are drawn to these areas based on their exclusivity and proximity to world-class, year-round activities. In resort communities, seasonality, location, and employment opportunities often drive the inventory of homes down, and housing prices up. Interestingly, all of the Sotheby’s International Realty resort locations listed below, analyzed within the report, demonstrated increases in both average price and average price per square foot- a clear indicator of consumers’ continued desire for lifestyle-inspired home purchases and willingness to spend more for homes they truly desire.

When contemplating as large a financial commitment as the purchase or sale of a primary or second home in a resort area, market data can make a significant impact on making sound financial decisions. Crested Butte Sotheby’s International Realty, and the many respected Sotheby’s International Realty affiliates that contributed to this report, remain committed to helping consumers make better real estate decisions, whether purchasing or selling a home.

Click the Resort Report image for full report.

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

Resort Report 2018 Cover Crested Butte Real Estate

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