970.209.2421 // Gary.Huresky@SIR.com

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Gary Huresky’s Crested Butte Real Estate Resource

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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

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


Second Quarter Market Report for 2016

The overall real estate market in Crested Butte and Gunnison continues to climb as we reach our peak summer selling season. Most of our overall sales volume gains are not because more properties are being sold but because properties are being sold at a higher average price then compared to previous years.

We have seen the average price of homes in the towns of Crested Butte and Mt. Crested Butte increase by over 50% compared to last year at this time. Condos and Townhomes have also steadily increased in value throughout our area.

The one segment of our market that has seen a dip in 2016 is the land market. It is an indication that many buyers would like to purchase a home or condo and enjoy the beauty of Crested Butte right away without having to go through the building process.

The summer selling season looks to be as busy as ever as currently there are 122 listings currently under contract with an asking price value of $42.7 million. Considering that Crested Butte is poised to have its busiest summer tourism season ever and that federal 10- and 30-year interest rates reached an all time low this week, our market should see an increase in sales volume and average price through all residential properties.  Click the Quarter Report image for full report.


COLLECTION – Summer 2016

Benson Sotheby's International Realty Collection Summer Crested Butte Real Estate 2016

The Crested Butte area spring market is enjoying peak momentum from the previous year.  Although sales have leveled, inventories and the time it takes to sell a home continue to decrease, which indicates sustained demand.  Average prices have also risen year to date by 21% to $620,000.

As we enter the summer market, pending sales are up 71%, with 113 properties under contract, and the average property under contract is priced 31% higher than last year at this time.

Mount Crested Butte has been popular with nine sales already this year at an average selling price of over $1.19 million, a 63% increase over last year.

Two ranch sales have been reported, representing approximately $2 million in volume.

Benson Sotheby’s International Realty continues to lead the luxury market in the Crested Butte area with almost $60 million in available offerings.  We represented clients in 8 of the 12 multi-million dollar sales that have occurred this year, and we represented the seller of the most expensive property ($3.3 million).

 

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