970.209.2421 // Gary.Huresky@SIR.com

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Gary Huresky’s Crested Butte Real Estate Resource

Gary Huresky NEW

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

Year End Market Report for 2016

The 2016 upper valley real estate market ended with an almost 9% sales volume growth. This marks the 4th straight year that our sales volume has increased by at least 7% compared to the prior year’s sales. This can be attributed to the growing popularity of Crested Butte driving up the average price throughout the years.

The town of Crested Butte again was strong throughout all market segments. Homes, condos/townhomes and land all saw gains in average price, price per square foot/acre and total sales volume. However, the strongest market segment was the condo/townhome market in Mt. Crested Butte. Sixty-three more condominium units sold in 2016 than in 2015. Total sales volume growth was an amazing 73%.

We believe in 2017 we will continue to see increases in average sales price as Crested Butte is becoming more and more “on the map.” Adding to the positive messages about CB have been our recent snowfall totals. During the first 2 weeks of 2017 we recorded over 100” of snow — by far the most in the entire state of Colorado.

Our biggest challenge in 2017 will be a lack of well-priced inventory. There are many new listings coming on that are above market value as sellers are shooting for the stars hoping for a return of 2006-2007 values.

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 Year End 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 there 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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