Crested Butte/Gunnison County Market Update – December 2020
Commercial Real Estate sales volume of $7.5M with 12 transactions YTD in 2020 is down 20% compared to sales in 2019 with 15 transactions worth $9.3M. Crested Butte and Gunnison County Residential Real Estate sales for $289M YTD in 2020 is up 26% compared to sales in 2019 of $229M. Nevada Ridge Ski-In & Ski-Out development parcel at Crested Butte Mountain Resort sold for $1.5M. Wildhorse at Prospect at Crested Butte Mountain Resort with 17 lots sold for $3.4M. Earlier this year, the Gunnison Airport received $18M from the Coronavirus Aid, Relief and Economic Security (CARES) ACT and designated a planned $2M in discretionary funds from the FAA to the project as well. In September 2020 another $8M was awarded to Gunnison Airport from the FAA’s Airport Improvement Program (AIP), to go toward the long-awaited airport renovation project. Brush Creek Affordable Housing Development with 77 units breaks ground. 90% of the 77 units will be deed restricted.
CRESTED BUTTE/GUNNISON MARKET UPDATE
VELOCITY (Source – mls)
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RESIDENTIAL REAL ESTATE – CRESTED BUTTE & GUNNISON COUNTY
DEVELOPMENTS
- Nevada Ridge Ski-In & Ski-Out development parcel at Crested Butte Mountain Resort sold for $1.5M.
- Wildhorse at Prospect at Crested Butte Mountain Resort with 17 lots sold for $3.4M.
- Earlier this year, the Gunnison Airport received $18M from the Coronavirus Aid, Relief and Economic Security (CARES) ACT and designated a planned $2M in discretionary funds from the FAA to the project as well. In September 2020 another $8M was awarded to Gunnison Airport from the FAA’s Airport Improvement Program (AIP), to go toward the long-awaited airport renovation project.
- Brush Creek Affordable Housing Development with 77 units breaks ground. 90% of the 77 units will be deed restricted.
