We had an exciting month of July here in Crested Butte and the Gunnison Valley with lots of fun festivals, music and summer activities. July brought us some much needed rain with the arrival of monsoon season. The welcomed moisture and record snowfall earlier this year led to a wonderful wildflower season which ran late into the month. In fact, we are still seeing amazing wildflowers throughout the valley especially at higher elevations. Summer continues to bring a lot of visitors and we saw record numbers over the busy 4th of July holiday. Everyone is getting out and participating in the activities that come with our beautiful summer season.
The Valley's August calendar continues to be filled with plenty of summer festivals and live music. We enjoyed the 45th Annual Crested Butte Arts Festival which runs annually the first part of August. The Evolution Bike Park remains open throughout the month with extended lift hours on Wednesdays and Fridays. So get out the bikes and hit the mountain as the added mixture has perfected trail conditions. Click here for a real time weather report and trail information. If you haven't had a chance to visit one of our many restaurants and bars be sure to stop in for a refreshing beverage or bite to eat. Also be sure to check out the new Crested Butte Public House, a new brewery located at 202 Elk Avenue which just opened on July 3rd. Niky's Donuts has a brand new expanded location at 327 Elk Avenue and now offers soft serve ice cream and custom made donut cakes.
Click here for the entire Crested Butte/Gunnison Event Calendar
What's Happening in the Real Estate Market
Sales through the second quarter are up 29.9% over the same period last year and we are still seeing many properties going under contract as soon as they hit the market. Currently there are 21 single family homes on the market in the town of Crested Butte which is down from 26 at the beginning of July. There are currently only 39 active homes on Mt. Crested Butte and are beginning to see more activity since the town of Crested Butte enacted short term rental restrictions. Mt. Crested Butte has only 69 active condos which is down from 81 in July. The least expensive home in the upper valley remains a home in Crested Butte Meadows listed at $569,000. Crested Butte South currently has 13 single family homes on the market, the least expensive offered for $590,000.
We saw a jump in land sales last month as well. A total of 13 parcels sold in July, up from 7 in June, for a total of $2,472,499. Currently, another 23 parcels are under contract with a total listing price of $7,258,500. Click the link below to view our comprehensive 2nd Quarter Market Report.