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Arts, Culture and National TV! | An Update from Crested Butte

Arts and culture is one of the best parts about Crested Butte in many ways, we have so much talent here locally but then we also get the opportunity for big events like the music festival and the art festival. This year they are celebrating the 50th Anniversary of the Crested Butte Arts Festival and today is opening day! It is a really great scene and wonderful artists from around the country. Make sure to take the time and check it out this weekend if you’re in town!

If you haven’t heard yet, Crested Butte was featured on CBS Sunday morning last weekend and they highlighted our amazing wildflowers, the Rocky Mountain Biological Lab and a local artist, Nicholas Reti. Check out the full segment at the bottom of this email!

The July market proved to be consistent with years past and we saw a steady increase in buyer activity overall. However, August is off to a very hot start with26 properties going under contract with over $19 million in total volume in 5 days!! I attribute this to the fact the interest rates dropped below 5% for the first time since May and a lot of sellers have reduced their asking prices and just the normal flow of our market trends. If you look at the graph below with the Annual Sales Volume, we are caught up to 2019 by the beginning of August so I expect we will get pretty close to 2020 total sales volume if this August pace continues. I think the biggest thing to note is that the average sales price continues to climb, check out the chart below!

Have a wonderful weekend and I hope to see you at the Art Fair!
July 1st – 31st

Closings
Almont to Mt. Crested Butte

Number Sold: 21
Total Dollar Volume: $25,112,500
Median Sales Price: $775,000
Average Sales Price: $1,195,833
Lowest Sale: $205,000 (Deed Restricted Condo in Mt. Crested Butte)
Highest Sale: $7,400,000 (Single Family Home in Aperture)

*Significant Off-Market Sales at WestWall Lodge*
2 Bedroom/3 Bathroom – $4,000,000 ($2,083/sf)
3 Bedroom/4 Bathroom – $2,480,000
2 Bedroom/3 Bathroom – $2,200,000

Learn More
Under Contract – July 1st-31st
Almont to Mt. Crested Butte 

Number Pending: 27
Total Dollar Volume: $31,210,000
Median Listing Price: $849,000
Average Listing Price: $1,155,925
Lowest Price: $215,000 (Condo at the Grand Lodge)
Highest Price: $3,700,000 (Single Family Home in Downtown Crested Butte)

Learn More
July 1st – 31st

Closings
Gunnison 

Number Sold: 22
Total Dollar Volume: $17,489,600
Median Sales Price: $525,750
Average Sales Price: $794,981
Lowest Sale: $40,000 (3.3 Acre Homesite in Rural Gunnison)
Highest Sale: $5,700,000 (900 Acre Ranch in Rural Gunnison)

Learn More
Under Contract July 1-31st
Gunnison 

Number Under Contract: 17
Total Dollar Volume: $10,791,813
Median Listing Price: $380,000
Average Listing Price: $634,812
Lowest Price: $15,000 (1.73 Acre Homesite in Rural Gunnison)
Highest Price: $3,000,000 (53 Acre Working Ranch on Ohio Creek)

Learn More
*Sales Data from CREN MLS and includes all types of properties, land, commercial and residential. Not all sales were not necessarily listed/sold by Signature Properties Ebner & Associates and are only intended to show local market trends in the area.*
New Listing!! 35 Links Lane – Crested Butte – $1,795,000 – This is a highly coveted townhome in Skyland overlooking the 9th tee box of the Robert Trent Jones Jr. golf course and offering incredible mountain views. This true end unit is special because it it elevated above the neighborhood and has west facing windows that allow a unique view of Mt. Emmons and Paradise Divide. Encompassing 2,362 square feet, you will find three large bedrooms, three and a half bathrooms and a lovely open floor plan.
Learn More
Crested Butte was featured on CBS Sunday Morning last weekend!!
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