Since January of this year, we’ve seen 11 residential properties and 6 land properties sell for more than $1 million. Last week, a Crested Butte home sold for just under $3.4 million and a 35 acre parcel in Red Mountain sold for just over $1.2 million. Last month a 950-acre ranch in rural Gunnison sold for $8.8 million and a home on a 40 acre parcel in Powderhorn sold for $1.6 million.
And, under contract activity includes a $3.9 million Gunnison home on 40 acres and a $2.5 million Mt. Crested Butte home. These price tags represent another significant shift for our real estate market. Currently, we have 84 residential properties and 95 land properties for sale at asking prices higher than $1 million. Sellers feel the demand is there and with record breaking deals popping up monthly its hard to deny that our market is shifting upward.
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