Crested Butte/Gunnison County Market Update – November 2018
Commercial Real Estate sales volume of $4.1M with 13 transactions YTD in 2018 is significantly down compared to sales January-October 2017 with 22 transactions worth $14.6M. Crested Butte Residential Real Estate sales for $167M YTD in 2018 is down slightly 4.5% compared to sales January-October 2017 of $175M. New commercial real estate development projects include North Village/Snodgrass Mountain Base Area under contract that was listed at $9M, 178 acres of on hill ski resort development land zoned single and multi-family residential and commercial is on the market for $12M and 9 acres of multi-family residential development land parcel at Buckhorn Ranch has sold for $1.75M.
CRESTED BUTTE/GUNNISON MARKET UPDATE
VELOCITY (Source – mls)
VACANCY RATE
VACANCY RATE
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RESIDENTIAL REAL ESTATE – CRESTED BUTTE
RESIDENTIAL REAL ESTATE – 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 on Market for $12,000,000 – Zoned Single Family Residential & Multi Family Residential – Retail, Lodging, Restaurant & Hotel
- 9 Acres of Multi-Family Residential Development Land (72 Units Allowed) Sold for $1,750,000 at Buckhorn Ranch