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


Third Quarter Market Report for 2016

The first significant snow fell last night and the last of the aspen leaves are falling at this exact moment. So we say goodbye to fall and hello to the beginnings of winter. The overall sales volume in the Crested Butte real estate market is almost exactly where we were in 2015 with only a marginal 0.2% increase. So far this year there have been fewer homes that have sold but those that have sold have sold at a higher average price.

The high end luxury market has been soft as we have only had 5 homes sell for over $2 million and nothing over $3.3 million. This trend seems to be happening throughout the nation in the second home market and especially in the Colorado ski/resort market. Much of this can be contributed to two major factors. The first is it is a presidential election year where historically luxury buyers wait to purchase luxury items. The second is oil prices have continued to stay relatively low these past two years.

Now it is not all bad news. This year we had huge gains in the condo and townhome segments throughout the area but especially in Mt. Crested Butte. Most of this can be contributed to the influx of people moving to the front range of Colorado which in turns means an influx of buyers coming to Crested Butte to get their foot in the door and enjoy the mountain/ski lifestyle.

It looks like the fourth quarter will be slightly stronger than last year as there has already been $11 million worth of closings in the early part of October and we currently have $42 million worth of listings under contract in the Upper Valley.

Click the Quarter Report image for full report.

Crested Butte real estate 3rd quarter 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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