We have just recently released our Crested Butte and Gunnison Quarterly Report – First Quarter 2014. The Quarterly Report is our electronic real estate market report released each quarter displaying the sold values in and around the Crested Butte and Gunnison area.
This first quarter for 2014 was much slower than anticipated with the Crested Butte area down 50.2%. Here is the full real estate market report for the First Quarter of 2014.
With a myriad of things happening this winter such as rumors of the ski resort selling, a colder winter throughout the nation and a snowier winter in Crested Butte than we have had in multiple years, the First Quarter of 2014 was much slower than 2013. Buyers were more inclined to ski the fresh powder and take a wait and see approach to purchasing this winter.
Buyers finally did decide to start moving and putting properties under contract toward the end of March with a flurry of properties going under. Currently in the Gunnison County there are 85 properties under contract with a listing value of $34.6 million, with the majority clsoing in the Second Quarter.
The only segment of our market that made improvements was the condo and townhome market in Mt. Crested Butte. Due to the abundance of snow this winter, many skiers were in town to partake in the amazing skiing. The increase of skiers in town helped drive the sale of lower to middle range condos and townhomes. This segment almost doubled in sales volume from the previous year.
Thank you for reading our Quarterly Report and if you have any questions or would like more info regarding property in the Crested Butte and Gunnison areas, please contact one of our knowledgeable brokers. If you would like us to print out the PDF version please stop by our centrally located office in downtown Crested Butte at 401 Elk Avenue.
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