2019 has been a great year.  Year to date the number of transactions is down from 2018, but the average sales price is up 25% and the average days on market is down 23% across the county.    In town we are seeing single family homes and vacant land having the largest increase in price, while condos and townhomes have actually come down in price.  The opposite is true in MT. CB where condo and townhome prices have increased by nearly 65% as single family homes and vacant land have both decreased in average sales price.  Crested Butte South is the only area in the north end of the valley that has seen a steady increase in sales prices in each of the three sectors in our market.  Believe it or not, one of the strongest market areas in the county year-to-date is Gunnison.  Please have a look through the full market report in the link below and as always, call me with any questions.

If you are familiar with Crested Butte you have probably heard of Long Lake.  Long Lake sits just about Meridian Lake, and has always been a favorite of locals and visitors alike.  It is a great swimming hole, a peaceful place to hang by the water and one of the easiest places to access for a quick adventure.  Unfortunately we are at risk of losing access to this Crested Butte treasure.  Fortunately the Crested Butte Land Trust is working hard on our behalf to save Long Lake and forever preserve the public access to this community hot spot.  Below is a snapshot of what is going on.  You can follow the link at the bottom to see the CB Land Trust website for more information.  If you are interested in getting involved please let me know or reach out to Noel Durant with the CB Land Trust.

 Easily accessible from the town of Crested Butte, Long Lake is a balance of scenic views, wildlife habitat, recreational access, clean water, and critical ranchland connectivity. Currently, Long Lake is part of the Gunnison National Forest and managed by the United States Forest Service (USFS). This 120-acre tract is a maintenance burden for the USFS and is slated for auction or sale. If sold to a private developer, our community could lose Long Lake forever. 

The Crested Butte Land Trust has assembled a land exchange with the USFS that will protect Long Lake, add nearly 630 acres to the Gunnison National Forest, reinvest over $2,500,000 in affordable housing, and allow for better water planning in the Upper 

Gunnison Valley. 

The acquisition of Long Lake will achieve the following:

Ensure permanent access to Crested Butte’s swimming hole

Add 628 acres to the Gunnison National Forest

Conserve 120 acres of land around Long Lake

Reinvest over $2,500,000 in affordable housing

Protect 44 acres of grazing corridor

Create 380 acre-feet of renewable water storage potential

For more information and opportunities to give contact 

Noel Durant, Executive Director, at 

Noel@cblandtrust.org or 970-349-1206 

Visit our website to learn more! cblandtrust.org/long-lake

Curious about the year end real estate numbers in the Crested Butte area?  Below you will find a link to the full report, but here are a few quick stats:

Total Sales for Upper Gunnison Valley: $243.7 million

Total number of properties sold: 470

New record sale for single family house in town: $3,850,000

CB South single family home average price up 9.2%

Average lot price in town up 55.2%

Average lot price in Mt. CB up 11.4%

Rural CB land prices up 4.8%

CB South lot prices up 12.8%

And once again for the 7th year in a row Crested Butte Sotheby's International Realty led the market in total sales volume with a total of $116,212473. 

As you can see lots/land have been a hot item for 2018.  If you are interested in a more detailed report please click on the image below.  

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We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.