Crested Butte/Gunnison County Market Update – January 2019
Commercial Real Estate sales volume of $5.8M with 19 transactions in 2018 is significantly down 64% compared to sales in 2017 with 26 transactions worth $15.9M. Crested Butte and Gunnison County Residential Real Estate sales for $253M YTD in 2018 is down slightly 7% compared to sales in 2017 of $273M. Vail Resorts purchased Crested Butte Mountain Resort in October 2018. New commercial real estate development projects include North Village/Snodgrass Mountain Base Area Listed at $9,000,000 is under Contract. 178 Acres On Hill Ski Resort Development Land is under contract for $12,000,000 – Zoned Single Family Residential & Multi Family Residential – Retail, Lodging, Restaurant & Hotel. Corner at Brush Creek Affordable Housing Development (184 units – 2 miles from Crested Butte) is stalled. All time sales price record for single family home located in Crested Butte sold in November 2018 for $3.85M.
CRESTED BUTTE/GUNNISON MARKET UPDATE
VELOCITY (Source – mls)
RESIDENTIAL REAL ESTATE – CRESTED BUTTE & GUNNISON COUNTY
DEVELOPMENTS
- Vail Resorts Purchased Crested Butte Mountain Resort October 2018
- North Village/Snodgrass Mountain Base Area Listed at $9,000,000 is under Contract
- 178 Acres On Hill Ski Resort Development Land is under contract for $12,000,000 – Zoned Single Family Residential & Multi Family Residential – Retail, Lodging, Restaurant & Hotel
- Corner at Brush Creek Affordable Housing Development (184 units – 2 miles from Crested Butte) is stalled.
- All time sales price record for single family home located in Crested Butte sold in November 2018 for $3.85M.
