We’ve had a very exciting real estate market in Crested Butte and Gunnison, Colorado through 2021. Here are a few noteables for the year. 2021 Notable Commercial Sales: The Almont Resort Sixth Street Station Numerous Restaurant and Bar Spaces on Elk Avenue in Crested Butte Numerous Land Properties Two Commercial Investors (unrelated): Mark Walter, Billionaire…
We’ve had a very exciting real estate market in Crested Butte and Gunnison, Colorado through 2021.
Here are a few noteables for the year.
2021 Notable Commercial Sales:
- The Almont Resort
- Sixth Street Station
- Numerous Restaurant and Bar Spaces on Elk Avenue in Crested Butte
- Numerous Land Properties
Two Commercial Investors (unrelated):
- Mark Walter, Billionaire Owner of LA Dodgers, CEO of Guggenheim Financial Services
- Jeff Hermanson, CEO of Larimer Square Associates, Developer of Larimer Square and Union Station in Denver, CO.
New Commercial Listing in Crested Butte (Highest Priced Listing in Gunnison County Currently)
Elk Mountain Lodge – Crested Butte 19 Room B&B Listed for Sale at $12,000,000
15.7%
2020 YTD
2021 YTD
%+-
VELOCITY(Source – MLS)
Commercial Sales Volume
$4,282,500
$52,444,660
1,120%
Commercial Transactions
8
39 (Crested Butte – 24; Gunnison – 15)
387%
21 Active Commercial Listings
$49 million value – across Crested Butte & Gunnison
RESIDENTIAL REAL ESTATE
Residential Total Sales
$475,000,000
$621,000,000
31%
Residential Average Price
$710,000
$836,000
17.75%
Residential Days on Market
205
132
-35%
Residential New Listings
669
774
VACANCY RATE
5.6%
4.4%
-21%
CAP RATES – AVG
4.0%
4.0%
0%
