Crested Butte Market Report, Fourth Quarter 2020

Page 1


MT. CRESTED BUTTE Overall Mt. Crested Butte

SINGLE FAMILY HOMES 2019

2020

% Change

24

33

38%

$1,102,063

$1,409,539

28%

List to Sold Price Ratio

95%

96%

1%

Days on Market

189

225

19%

Number of Properties Sold

179 124 in 2019

Total Dollar Volume Sold

Sold Listings Average Sales Price

Total Dollar Volume Sold $26,449,500 $46,514,800

76%

$116,638,299 CONDOS & TOWNHOMES

2019: $76,362,934

Properties sold for

96% of list price

2019

2020

% Change

86

126

47%

$479,264

$493,005

3%

List to Sold Price Ratio

96%

97%

1%

Days on Market

141

169

20%

Sold Listings Average Sales Price

Total Dollar Volume Sold $41,216,735 $62,118,598

51%

Average Sales Price

$651,611

VACANT LAND 2019

2020

% Change

13

20

54%

$655,515

$400,245

39%

List to Sold Price Ratio

69%

93%

24%

Days on Market

502

281

44%

$8,521,699

$8,004,901

6%

$615,830 in 2019 Sold Listings

Average Days on Market

192 188 in 2019 2

Average Sales Price

Total Dollar Volume Sold


CRESTED BUTTE Overall Crested Butte

SINGLE FAMILY HOMES 2019

2020

% Change

21

44

109%

$1,734,224

$1,528,739

12%

75

List to Sold Price Ratio

95%

96%

1%

43 in 2019

Days on Market

154

176

14%

Sold Listings Average Sales Price

Total Dollar Volume Sold $36,418,700 $67,264,525

85%

Number of Properties Sold

Total Dollar Volume Sold

$97,685,604 CONDOS & TOWNHOMES

2019: $54,719,851

2019

2020

% Change

9

10

11%

$460,144

$687,658

49%

List to Sold Price Ratio

95%

97%

2%

96%

Days on Market

102

196

92%

of list price

$4,141,300

$6,876,579

66%

Sold Listings Average Sales Price

Total Dollar Volume Sold

Properties sold for

Average Sales Price

$1,302,475

VACANT LAND 2019

2020

% Change

7

17

143%

$983,407

$1,221,735

24%

List to Sold Price Ratio

91%

97%

6%

Days on Market

184

533

190%

265

$6,883,851

$20,769,500

202%

166 in 2019

Sold Listings Average Sales Price

Total Dollar Volume Sold

$1,272,555 in 2019

Average Days on Market

3


LUXURY HOME MARKET

115 Bethel Road | Rural CB

412 Ridge Road | Rural CB

Listed by Bluebird Real Estate

Listed by Coldwell Banker Mountain Properties

Sold by Coldwell Banker Mountain Properties

Sold by Coldwell Banker Mountain Properties

809 Elk Avenue | Town of CB

644 Sunset Drive | Rural CB

Listed By Coldwell Banker Mountain Properties

4

Listed by Coldwell Banker Mountain Properties


UPPER VALLEY STATISTICS

Number of Properties Sold

Properties sold for

510

95%

334 in 2019

of list price

Average Sales Price

$809,006 $718,619 in 2019

Total Dollar Volume Sold

$412,592,909 2019: $240,018,685

Average Days on Market

233 184 in 2019

5


RURAL CRESTED BUTTE Overall Rural CB

SINGLE FAMILY HOMES 2019

2020

% Change

27

62

130%

$1,698,093

$1,834,502

8%

List to Sold Price Ratio

94%

91%

3%

Days on Market

246

253

3%

Number of Properties Sold

168 84 in 2019

Total Dollar Volume Sold

Sold Listings Average Sales Price

Total Dollar Volume Sold $45,848,500 $113,739,100

148%

$162,976,730 CONDOS & TOWNHOMES

2019: $68,540,600

Properties sold for

92% of list price

2019

2020

% Change

12

33

175%

$548,292

$721,952

32%

List to Sold Price Ratio

98%

98%

No Change

Days on Market

113

124

10%

$6,579,500

$23,824,400

262%

Sold Listings Average Sales Price

Total Dollar Volume Sold

Average Sales Price

$970,100

VACANT LAND 2019

2020

% Change

44

72

64%

$353,695

$350,378

1%

List to Sold Price Ratio

94%

92%

2%

Days on Market

201

335

67%

$25,227,230

62%

$815,960 in 2019 Sold Listings

Average Days on Market

263 206 in 2019 6

Average Sales Price

Total Dollar Volume Sold $15,562,600


CRESTED BUTTE SOUTH Overall CB South

SINGLE FAMILY HOMES 2019

2020

% Change

15

18

20%

$726,133

$794,339

9%

58

List to Sold Price Ratio

97%

99%

2%

65 in 2019

Days on Market

145

170

17%

Sold Listings Average Sales Price

Total Dollar Volume Sold $10,892,000 $14,298,100

31%

Number of Properties Sold

Total Dollar Volume Sold

$24,102,879 CONDOS & TOWNHOMES

2019: $25,474,800

2019

2020

% Change

23

18

22%

$454,148

$458,206

1%

List to Sold Price Ratio

98%

98%

No Change

98%

Days on Market

139

220

58%

of list price

$8,247,700

21%

Sold Listings Average Sales Price

Total Dollar Volume Sold $10,445,400

Properties sold for

Average Sales Price

$432,808

VACANT LAND 2019

2020

% Change

24

22

8%

$150,204

$116,231

23%

List to Sold Price Ratio

95%

92%

3%

Days on Market

115

316

175%

241

$3,604,900

$2,557,076

29%

128 in 2019

Sold Listings Average Sales Price

Total Dollar Volume Sold

$391,920 in 2019

Average Days on Market

7


When Experience Counts When it’s time to buy or sell real estate in Crested Butte and Gunnison, the most important decision is to find the right broker to be your guide. We’ve been here over three decades—this is the place where our brokers work, play, and call home.

WITH THE MOST EXPERIENCE AND LOCAL MARKET KNOWLEDGE, LET OUR TEAM BE YOUR LOCAL REAL ESTATE GUIDE.

CRESTED BUTTE OFFICE 215 Elk Avenue 970.349.5007 www.crestedbutte.realestate

GUNNISON OFFICE 121 W. Virginia Avenue 970.641.7055 www.gunnison.realestate


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