Crested Butte Market Update Q2 2022
We are just beginning to notice things slowing down in the real estate marketing in Crested Butte, but here are some notable transactions recently:
- Key Motel 911 N Main Gunnison Colorado: 30,330 SF, 59. Sold at $5.6 Million.
- True Value (Anchor Tenant) Building, Gunnison, Colorado: 31,000 SF, 2.41 Acres, 4 Units. Sold at $2.3 Million.
- John Roberts Auto Dealership Property: 12,000 SF, 1.72 Acres. Opportunity Zone. Sold at $1.8 Million.
2022 Sales
- Crested Butte: 0
- Gunnison: 8
- Lake City: 4
35 Active Commercial Listings – $54 million value – across Crested Butte & Gunnison
| 2021 Q2 | 2022 Q2 | %+- | |
| VELOCITY (Source – ) | |||
| Commercial Sales Volume | $32,000,000 | $14,500,000 | -55 % |
| Commercial Transactions | 27 | 12 | -56 % |
| VACANCY RATE | |||
| CAP RATE | |||
| SALES TAX INDICATORS (Source – n/a) | |||
| All Sales Tax | |||
| Lodging Taxes |
*Tax Reporting: Gunnison and Crested Butte and Mt Crested Butte have not provided Sales Tax Revenue Reporting data beyond Q3 2021.
