Market Update April 2019

Dated: 05/03/2019

Views: 171

Disclaimer: Please note the data above reflects March 2019.

Here in Crested Butte, the winter season is wrapping up to a good finale. We had a big surge of tourists that visited the community, most of whom experienced and participated in a lot of winter snow events and had a taste of what it’s like to be a true Coloradan. We also had a lot of festivities, ranging from Mardi Gras to the Crafted Tasting Event, all of which were highly successful.
 
Now that we are in April, we are going through the transitional change of the mud season, a local term used to describe a time period in late winter and early spring. This is a time where the ice melt and certain areas become muddy. Mud season is also know as the shoulder season or off season, when many tourist return home.
However, despite this fact, there is still a good number of tourists that remain and continue to come in. For sellers, these tourists are those we should keep our eyes on. These could be intentional tourists that either want to come and experience the mud season or those who are considering making this their home.

Disclaimer: Please note the data above reflects March 2019.

Things look bright for Gunnison County. For single family homes, there were 20 new listings which is lower than that of last year’s number, which amounted to 46. Despite this fact, there were 18 properties sold which reached an average sales price amounting to $678,167. For townhouse-condos, we had 29 new listings compared to last years number, which had 21. The number of sold properties is 12, which is 2 more than that of last year.


For Crested Butte, a single family home sold for a whopping price, amounting to $1,575,000. This seems to be an on going trend in Crested Butte for months. There are a few sales here and there, but despite this fact, luxury homes amounting to above a million dollars are being sold. Currently, there are 35 properties on the market for single family homes, town-homes and condos, and land.

In Crested Butte South, sales have been consistent for single family homes and land. Despite being low in volume, the average sales price has increased. For single family homes, the average sales price reached $670,000 comparing it to last year of the same month, which was only $637,500. For land, the average sales price is $265,700, compared to last year of the same month which was only $61,625. Currently, there are 28 properties in the market for single family homes, town-homes and condos, and land.

In Mt. Crested Butte, sales have greatly improved compared to last years data. For single family homes, despite only having 3 new listings, 2 less than that of last year of the same month, 4 properties were sold, which had and average sales price of $1,040,500. Townhouses and condos, had a good amount of sales. Despite having only 5 listings sold, the average sales price reached $480,000. There are currently 118 properties in the market for single family homes, town-homes and condos, and land.
Click below to see all the reports from the Gunnison Country Association of Realtors:
Almont
Almont_land 
CAR-Colorado_GCAR_MMI_2019-03 
CB_land 
CBRural_land
CBSouth_land 
Cim_land 
Cimarron 
Crested-Butte 
Crested-Butte-South
GunnCity_land 
Gunnison-City 
GunnRural_land 
Kebler_land
Kebler-Pass 
Lake City_land 
Lake-City-and-Area 
Mount-Crested-Butte
MtCB_land 
Powderhorn 
Powderhorn_land 
Quartz-Creek
QuartzCreek_land 
Rural-Crested-Butte 
Rural-Gunnison 
Rural-Mount-Crested-Butte

So what does all this mean to you?

The trend in home sales is improving. Despite winter, being a hard season to showcase properties to potential buyers, home sales were at an all time high, comparing it to the previous year. We can only wait and see how things improve during spring and summer. With many activities scheduled and planned during these seasons, there will be many tourists coming in and, thus, potential home buyers.

Check on the link Market Update – March 2019, to learn about the report of the previous month.
If you are thinking about making a real estate purchase, or if you are ready to sell, let me buy you a cup of coffee and let’s discuss Crested Butte’s potential. Who do you know that wants to buy or sell a property? Let the Heather Woodward Team help. You can contact me on my cell phone (970)596-1394 or send me an email at Heather@TheHeatherWoodwardTeam.com.


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