LIV Sotheby’s International Realty produces a Micro Market Report focused on the Crested Butte market and its performance throughout 2019 in comparison to 2018. Land parcels over 10 acres in Gunnison County increased a significant amount in 2019. The average price for all land parcels of this size last year was $585,115, a 34% rise from 2018 when the average price was $436,582. The average price per acre has also grown over the last year, climbing by 22.2% to $11,314.
Total dollar volume in sales for all properties in Gunnison County grew by 3.2% over the last year, totaling $347,946,257 in 2019. The average sold price for homes in this area also increased from 2018 to 2019. Homes listed in Gunnison County in 2019 saw a sizeable 26.4% increase in price from 2018, making the average sold price $520,877.
The number of condominium, townhome, and duplex sales rose by an impressive 33.3% during 2019 in Rural Crested Butte. Nearby, single family home sales in the City of Gunnison increased by 20%. Crested Butte South saw the most drastic decrease in the average days on market for properties within Gunnison County. Residential and commercial lots within this neighborhood spent 48.4% less time on the market in 2019 than in 2018, typically spending only 147 days on the market from 285 days in 2018.
The potential for achieving your lifestyle, financial, and real estate goals in one of Gunnison County’s communities is endless.
This Colorado Micro Market Report includes real estate data statistics for the following neighborhoods (single family, unless otherwise indicated): Town of Crested Butte, Mt. Crested Butte, Crested Butte South, Almont, and City of Gunnison.