The month of May brought a plethora of sunny, warm days as well as plenty spring snow showers to Crested Butte and the Gunnison Valley, as a result, our famous wildflowers have started to bud! I am looking forward to seeing all of my clients and their families descend on town to enjoy the wildflower season and all that summers in our beautiful valley have to offer. Many of us have already gotten out the bikes, kayaks and other summer gear in anticipation of a wonderful summer season!
The Valley's June calendar is filled with summer activities including tons of live music, KBUT's 15th Annual Friday Night Fish Fry, biking events, paddle boarding, hiking and historic walking tours. We are also excited for the opening of Crested Butte Mountain Resort's summer Adventure Center activities on June 10th. Click here for a real time weather report and trail information. If you are coming in search of wildflowers, be sure to check out the 2017 Crested Butte Wildflower Festival for events, tours and presentations. To fuel your passion for adventure, forget cooking and hop into any of our many top notch restaurants and bars.
Click here for the entire Crested Butte/Gunnison Event Calendar
What's Happening in the Real Estate Market
As we gear up for a busy summer selling season, we continue to see prices rise. Inventory in the valley continues to decline while demand remains high and properties are selling faster than they have in the last nine years. Right now only 17 single family homes are on the market in the town of Crested Butte. There are only 28 active homes on Mt. Crested Butte and 80 active condos. The least expensive home in the upper valley remains a manufactured home in Crested Butte currently listed at $479,000. Crested Butte South continues to see rapid decline in inventory with only 8 single family homes currently on the market.
In land sales, a total of 3 parcels sold in May for a total of $799,500. Currently, another 12 parcels are under contract with a total listing price of $4,317,000. Land values continue to improve as single family home inventory declines. If you wish to list your home, condo or land I'm available anytime to discuss the current real estate market in-depth.