Gary Huresky’s Crested Butte Real Estate Resource is a resourceful tool for any one 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.
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.
The real estate market in Crested Butte and Gunnison continues to march at a strong pace with significant gains in several sectors. Although activity has tapered during the holidays, both the number of properties sold and the sales volume increased approximately 15% in the first three quarters of 2015. The most notable rises in home sales occurred in the rural valley areas (32%) and in Gunnison (58%), with sales volumes of $102 million and $65 million respectively. Condos in the rural pockets also sold well, with a 47% increase in volume representing over $10 million.
Leading indicators for building activity are the strongest in years with lot sales volume increasing 114% to $41 million in the Gunnison valley. CB South led all sectors with 32 lot sales, an increase of over 250% over this time last year! Even though new home building activity will level upward pressure on existing home prices, it reflects strong buying demand, and it supports a healthy overall economic outlook for 2016.
Each Office is Independently Owned and Operated • Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC