Crested Butte Market Report, Second Quarter 2020

Page 1


MT. CRESTED BUTTE Overall Mt. Crested Butte

SINGLE FAMILY HOMES 2019

2020

% Change

10

9

10%

$930,000

$1,083,300

16%

List to Sold Price Ratio

95%

95%

No Change

Days on Market

244

123

50%

$9,300,000

$9,749,700

5%

Number of Properties Sold

46 56 in 2019

Total Dollar Volume Sold

Sold Listings Average Sales Price

Total Dollar Volume Sold

$24,438,573 CONDOS & TOWNHOMES

2019: $35,790,199

Properties sold for

95% of list price

2019

2020

% Change

40

35

13%

$501,853

$406,825

19%

List to Sold Price Ratio

96%

96%

No Change

Days on Market

150

156

4%

Sold Listings Average Sales Price

Total Dollar Volume Sold $20,074,500 $14,238,873

29%

Average Sales Price

$531,273

VACANT LAND 2019

2020

% Change

5

2

60%

$1,248,140

$225,000

82%

List to Sold Price Ratio

63%

92%

29%

Days on Market

130

252

94%

$6,240,699

$450,000

93%

$639,111 in 2019 Sold Listings

Average Days on Market

153 164 in 2019 2

Average Sales Price

Total Dollar Volume Sold


CRESTED BUTTE Overall Crested Butte

SINGLE FAMILY HOMES 2019

2020

% Change

9

11

22%

$1,776,578

$1,696,195

5%

14

List to Sold Price Ratio

97%

94%

3%

21 in 2019

Days on Market

175

167

5%

Sold Listings Average Sales Price

Total Dollar Volume Sold $15,989,200 $18,658,150

17%

Number of Properties Sold

Total Dollar Volume Sold

$20,426,329 CONDOS & TOWNHOMES Sold Listings Average Sales Price List to Sold Price Ratio Days on Market Total Dollar Volume Sold

2019: $25,645,051

2019

2020

% Change

5

3

40%

$324,200

$589,393

82%

94%

97%

3%

95%

87

141

62%

of list price

$1,621,000

$1,768,179

9%

Properties sold for

Average Sales Price

$1,459,024

VACANT LAND 2019

2020

% Change

2

—%

$641,926

$—

—%

List to Sold Price Ratio

80%

—%

—%

Days on Market

121

—%

162

$1,283,851

$—

—%

159 in 2019

Sold Listings Average Sales Price

Total Dollar Volume Sold

$1,221,193 in 2019

Average Days on Market

3


LUXURY HOME MARKET

726 Maroon Ave | Town of CB Sold for $2,250,000

214 Maroon Ave | Town of CB Sold for $1,000,000

Listed by LIV Sotheby’s International Realty Sold by Coldwell Banker Mountain Properties

Listed by Coldwell Banker Mountain Properties Sold By Signature Properties

644 Sunset Drive | Rural CB Offered at $4,600,000

66 Red Mountain Ranch | Rural CB Offered at $3,490,000

Listed By Coldwell Banker Mountain Properties

4

Listed by Coldwell Banker Mountain Properties


UPPER VALLEY STATISTICS

Number of Properties Sold

Properties sold for

106

90%

146 in 2019

of list price

Average Sales Price

$701,888 $707,085 in 2019

Total Dollar Volume Sold

$74,400,152 2019: $103,234,450

Average Days on Market

195 178 in 2019

5


RURAL CRESTED BUTTE Overall Rural CB

SINGLE FAMILY HOMES 2019

2020

% Change

10

9

10%

$1,245,800

$1,561,528

25%

List to Sold Price Ratio

93%

72%

21%

Days on Market

252

210

17%

Number of Properties Sold

26 38 in 2019

Total Dollar Volume Sold

Sold Listings Average Sales Price

Total Dollar Volume Sold $12,458,000 $14,053,750

13%

$20,962,250 CONDOS & TOWNHOMES

2019: $26,661,300

Properties sold for

79% of list price

2019

2020

% Change

8

4

50%

$481,313

$816,250

70%

List to Sold Price Ratio

98%

100%

2%

Days on Market

119

121

2%

$3,850,500

$3,265,000

15%

Sold Listings Average Sales Price

Total Dollar Volume Sold

Average Sales Price

$806,240

VACANT LAND 2019

2020

% Change

19

12

37%

$515,937

$288,125

44%

List to Sold Price Ratio

95%

95%

No Change

Days on Market

271

247

9%

$9,802,800

$3,457,500

65%

$701,613 in 2019 Sold Listings

Average Days on Market

219 236 in 2019 6

Average Sales Price

Total Dollar Volume Sold


CRESTED BUTTE SOUTH Overall CB South

SINGLE FAMILY HOMES 2019

2020

% Change

11

3

72%

$704,227

$820,000

16%

12

List to Sold Price Ratio

97%

99%

2%

28 in 2019

Days on Market

163

229

40%

$7,746,500

$2,460,000

68%

Sold Listings Average Sales Price

Total Dollar Volume Sold

Number of Properties Sold

Total Dollar Volume Sold

$4,925,000 CONDOS & TOWNHOMES

2019: $11,707,900

2019

2020

% Change

5

4

20%

$422,800

$470,000

11%

List to Sold Price Ratio

98%

97%

1%

97%

Days on Market

111

128

15%

of list price

$2,114,000

$1,880,000

11%

Sold Listings Average Sales Price

Total Dollar Volume Sold

Properties sold for

Average Sales Price

$410,417

VACANT LAND 2019

2020

% Change

10

5

50%

$162,740

$117,000

28%

List to Sold Price Ratio

98%

90%

8%

Days on Market

150

378

152%

258

$1,627,400

$585,000

64%

140 in 2019

Sold Listings Average Sales Price

Total Dollar Volume Sold

$418,139 in 2019

Average Days on Market

7


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