970.209.2421 // GHuresky@LivSothebysRealty.com

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Gary Huresky’s Crested Butte Real Estate Resource

Gary Huresky

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

GHuresky@LivSothebysRealty.com

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

First Quarter Market Report for 2019

The Crested Butte Sotheby’s International Realty Quarter Report offers a summary of the real estate market analysis for the Crested Butte and Gunnison areas. As the first quarter of 2019 ends, we are grateful for a successful and snowy 18-19 winter season. The Crested Butte Sotheby’s International Realty office had a fantastic start to the new year and saw some exciting changes. In March, we announced our new alliance with LIV Sotheby’s International Realty. This partnership will elevate the already excellent service we provide our clients and will expand our network throughout Colorado and beyond! Read more about LIV Sotheby’s International Realty on page 11.

As we look at the sales statistics thus far, the overwhelming trend throughout Gunnison Valley is that we are seeing a continued decrease in inventory at lower price points, resulting in a higher demand from buyers. This is driving price up and causing quicker sales in many areas.

One exception to this trend is residential lot sales in the Town of Crested Butte and Mt. Crested Butte. Both areas experienced one lot sale each in Q1, while available inventory at the time of publishing this report shows 15 lots in town and 38 lots in Mt. CB. We are attributing less interest in residential lots to the dramatic increase in price and building costs. Crested Butte South on the other hand is seeing more demand for lots (specifically those located in the flats) as we see properties selling 25% faster than last year even with higher prices.

Condo / Townhome sales show a substantial decrease in price for properties in the Town of Crested Butte over last year; however, only two sales have closed this year, one of which was among family members with private concessions made. For this reason, the data shown is not comprehensive and will likely equalize as the year progresses.

Single family home sales are generally seeing a decrease in average sold price over last year apart from the City of Gunnison, which saw a 27% bump in sales price. Impressively, Gunnison also experienced a 67% increase in number of properties sold over 2018, meaning this area is continuing to gain popularity for buyers!

Feel free to contact me at (970) 209-2421 or GHuresky@livsothebysrealty.com.

Click the Quarter Report image for full report.

Q1 19 Quarter Report Crested Butte Real Estate

The Real Estate SOURCE – Winter 2018/2019

Crested Butte real estate winter 18-19 cover

Variable  is  the  word  that  comes  to  mind  when  describing  the  real  estate  market  in  Gunnison  County  as  we  look  at  our 2018  statistics.  This  has  been  expected  with  the  acquisition  of  Crested  Butte  Mountain  Resort  by  Vail  Resorts,  and  we foresee  change  to  continue  in  the  next  year.

Certain  categories,  such  as  vacant  land,  have  seen  a  dramatic  boost  in  sales  this  year.  More  35+  acre  parcels  have  sold in  2018  than  any  year  in  the  past  decade.  Vacant  land  inventory  is  the  highest  we  have  seen  in  the  past  10  years;  therefore,  land  prices  have  not  rebounded  to  the  highs  of  2007.    Rural  Crested  Butte  and  Crested  Butte  South  saw  the  largest  increase  in  sales  compared  to  last  year,  so  the  building  movement  is  not  likely  to  slow  down  anytime  soon.

Residential  inventory  on  the  other  hand  is  down  compared  to  last  year,  resulting  in  less  sales.    The  average  sold  price  for Gunnison  County  also  dipped  from  2017.    Specifically,  Rural  Crested  Butte  experienced  the  largest  decline  in  residential  sales,  with  total  properties  sold  thus  far  down  36%  and  sales  volume  down  37%.    Contrarily,  Crested  Butte  South saw  a  19%  spike  in  residential  sales  volume  and  a  significant  increase  in  average  sales  price  –  the  highest  CB  South  has  seen  in  the  last  ten  years!

With  new  resort  ownership  this  year,  the  real  estate  market  is  expected  to  grow,  and  with  new  developments  underway,  we  expect  the  next  year  to  be  very  exciting  here  in  Crested  Butte!

Feel free to contact me at (970) 209-2421 or GHuresky@livsothebysrealty.com.

 

Resort Report for 2019

Living in a resort community offers a unique and attractive lifestyle, abundant with scenic views, recreational opportunities, and like-minded people. Buying and selling real estate in resort communities is unlike most transactions, which is why LIV Sotheby’s International Realty, with the help of other Sotheby’s International Realty affiliates, compiles a Resort Report focused on these one-of-a-kind communities. The Annual Resort Report analyzes 2018 year-over-year data from 12 prominent resort areas throughout the western half of the United States to inform consumers about the resorts’ performance, and what makes each one unique.

There are many factors that can impact real estate in these resort communities, including the changing seasons, available amenities, transportation offerings, and shifts in employment. Representing an increase in demand for a resort-driven lifestyle, most of these communities reported an increase in average sold price and average sold price per square foot, in combination with a decrease in average days on market.

Understanding the market is a critical piece to real estate success for both buyers and sellers. The 2019 Resort Report is assembled as a detailed resource for consumers to make informed decisions about their financial future.

Click the Resort Report image for full report.

Feel free to contact me at (970) 209-2421 or GHuresky@livsothebysrealty.com.

2019 Resort Report Cover Crested Butte Real Estate
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