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Market Updates

April 4, 2018

The big news of the month was the announcement of Crested Butte Mountain Resort joining Vail’s EPIC pass. Epic pass holders will get 7 days of skiing/riding at Crested Butte. They have discontinued the partnership with Winter Park/Steamboat which gave those pass holders 3 days at CB. When that program started, we saw a increase in Denver and Front Range skiers and I think those numbers should be about the same with the Epic Pass holders. We need a good snow year to make up for this year so hopefully it will all happen next season.

As we near the end of the 2017/2018 ski season, I have to say, I had a lot of fun skiing! It wasn’t the epicness of last season but it was still a great time. The mountain was managed well and they did a great job with snow making and grooming. Closing weekend is upon us in a few short days and it is supposed to snow, ironically. It will still be a really fun weekend of live music and pond skimming! It is always bittersweet, no more lift served skiing yet summer is on the way! Start tuning up your mountain bikes and hiking shoes, our trails should open a lot sooner than they did last year!

I am continuing to see signs of shrinking inventory in our market. Just in the last two weeks, myself and several agents in my office have been involved in quite a few multiple offer scenarios on new property that hits the market. It hasn’t spread to the entire market but we are still seeing a lot of shifting happening across the board. This off season and summer are going to be busy! If you are thinking about buying or selling, be sure to call me so I can get you in the best position possible to achieve your goals.

New Business in Town! Scout’s General open their doors on March 2nd. The owners, Amy and Joel Wisian, are probably some of the nicest and friendliest people you will ever meet, next to their two amazing kids, of course! I am excited for their new store and am already buying grab and go food as much as possible. Scout’s General is located at 509 Elk Avenue in one of Crested Butte’s most iconic homes! Check them out @ www.scoutsgeneralstore.com
and be sure to stop by the next time you’re in town!

New Under Contract
Almont to Mt. Crested Butte

Number Under Contract: 32
Total Dollar Volume: $17,149,300
Average Listing Price: $535,915
Lowest Price: $35,000 (Business with No Real Estate)
Highest Price: $1,775,000 (Single Family Home in Skyland)
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Gunnison

Number Under Contract: 29
Total Dollar Volume: $8,492,899
Average Listing Price: $292,519
Lowest Price: $39,900 (5 Acres in Rural Gunnison)
Highest Price: $825,000 (Single Family Home on the Gunnison River)
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January 10-February 1st

Sold
Almont to Mt. Crested Butte

Number Sold: 32
Total Dollar Volume: $15,391,750
Average Sales Price: $480,992
Lowest Sale: $28,000 (Business with No Real Estate)
Highest Sale: $2,090,000 (Brand New Spec Home in Downtown Crested Butte)
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Gunnison
Sold
Number Sold: 16
Total Dollar Volume: $9,938,250
Average Sales Price: $621,140
Lowest Sale: $40,000 (Business with No Real Estate)
Highest Sale: $5,323,750 (420 Acre Ranch in Ohio Creek)
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Sold!
TBD Highway 135

$925,000
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Under Contract! 
29 Anthracite Drive
$1,550,000
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Sold!
148 Elcho Ave #20

$296,000
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