Crested Butte Market Report, Second Quarter 2021

Page 1


MT. CRESTED BUTTE Overall Mt. Crested Butte

SINGLE FAMILY HOMES 2020

2021

% Change

9

22

144%

$1,083,300

$1,795,795

66%

List to Sold Price Ratio

95%

98%

3%

Days on Market

123

130

6%

$9,749,700

$39,507,500

305%

Number of Properties Sold

139 46 in 2020

Total Dollar Volume Sold

Sold Listings Average Sales Price

Total Dollar Volume Sold

$104,245,950 CONDOS & TOWNHOMES

2020: $24,438,573

Properties sold for

97% of list price

2020

2021

% Change

35

76

117%

$406,825

$602,532

48%

List to Sold Price Ratio

96%

98%

2%

Days on Market

156

164

5%

Sold Listings Average Sales Price

Total Dollar Volume Sold $14,238,873 $45,792,450

222%

Average Sales Price

$749,971

VACANT LAND 2020

2021

% Change

2

40

1900%

$225,000

$464,900

107%

List to Sold Price Ratio

92%

94%

2%

Days on Market

252

1350

436%

$450,000

$18,596,000

4032%

$531,273 in 2020 Sold Listings

Average Days on Market

501 153 in 2020 2

Average Sales Price

Total Dollar Volume Sold


CRESTED BUTTE Overall Crested Butte

SINGLE FAMILY HOMES 2020

2021

% Change

11

16

45%

$1,696,195

$1,938,625

14%

47

List to Sold Price Ratio

94%

96%

2%

14 in 2020

Days on Market

167

158

5%

Sold Listings Average Sales Price

Total Dollar Volume Sold $18,658,150 $31,018,000

66%

Number of Properties Sold

Total Dollar Volume Sold

$70,130,550 CONDOS & TOWNHOMES

2020: $20,426,329

2020

2021

% Change

3

11

267%

$589,393

$538,977

9%

List to Sold Price Ratio

97%

100%

3%

97%

Days on Market

141

269

91%

of list price

$1,768,179

$5,928,750

235%

Sold Listings Average Sales Price

Total Dollar Volume Sold

Properties sold for

Average Sales Price

$1,492,139

VACANT LAND 2020

2021

% Change

10

—%

Average Sales Price

$—

$1,516,150

—%

List to Sold Price Ratio

—%

99%

—%

691

—%

335

$—

$15,161,500

—%

162 in 2020

Sold Listings

Days on Market

Total Dollar Volume Sold

$1,459,024 in 2020

Average Days on Market

3


LUXURY HOME MARKET

809 Elk Avenue | Town of CB

87 Anthracite Drive | Mt. CB

Sold for $3,944,000

Sold for $3,150,000

Listed by Coldwell Banker Mountain Properties

Listed by Bluebird Real Estate

Sold by Coldwell Banker Mountain Properties

Sold by Coldwell Banker Mountain Properties

11 Butte Avenue | Town of CB

818 Elk Avenue | Town of CB

Offered at $3,950,000

Offered at $3,325,000

Listed By Coldwell Banker Mountain Properties

4

Listed by Coldwell Banker Mountain Properties


UPPER VALLEY STATISTICS

Number of Properties Sold

Properties sold for

353

97%

106 in 2020

of list price

Average Sales Price

$824,290 $701,888 in 2020

Total Dollar Volume Sold

$290,974,420 2020: $74,400,152

Average Days on Market

347 195 in 2020

5


RURAL CRESTED BUTTE Overall Rural CB

SINGLE FAMILY HOMES 2020

2021

% Change

9

24

166%

$1,561,528

$1,760,168

13%

List to Sold Price Ratio

72%

96%

24%

Days on Market

210

131

38%

$42,244,040

201%

Number of Properties Sold

108 26 in 2020

Total Dollar Volume Sold

Sold Listings Average Sales Price

Total Dollar Volume Sold $14,053,750

$85,265,540 CONDOS & TOWNHOMES

2020: $20,962,250

Properties sold for

97% of list price

Sold Listings Average Sales Price List to Sold Price Ratio Days on Market Total Dollar Volume Sold

2020

2021

% Change

4

21

425%

$816,250

$658,952

19%

100%

100%

No Change

121

147

21%

$3,265,000

$13,838,000

324%

Average Sales Price

$789,496

VACANT LAND 2020

2021

% Change

12

61

408%

$288,125

$448,107

56%

List to Sold Price Ratio

95%

97%

2%

Days on Market

247

302

22%

$3,457,500

$27,334,500

691%

$806,240 in 2020 Sold Listings

Average Days on Market

232 219 in 2020 6

Average Sales Price

Total Dollar Volume Sold


CRESTED BUTTE SOUTH Overall CB South

SINGLE FAMILY HOMES 2020

2021

% Change

3

12

300%

$820,000

$1,072,098

31%

49

List to Sold Price Ratio

99%

102%

3%

12 in 2020

Days on Market

229

67

71%

$2,460,000

$12,865,180

423%

Sold Listings Average Sales Price

Total Dollar Volume Sold

Number of Properties Sold

Total Dollar Volume Sold

$22,564,380 CONDOS & TOWNHOMES

2020: $4,925,000

2020

2021

% Change

4

6

50%

$470,000

$584,167

24%

List to Sold Price Ratio

97%

99%

2%

100%

Days on Market

128

73

43%

of list price

$1,880,000

$ 3,505,000

86%

Sold Listings Average Sales Price

Total Dollar Volume Sold

Properties sold for

Average Sales Price

$460,498

VACANT LAND 2020

2021

% Change

5

29

480%

$117,000

$175,076

50%

List to Sold Price Ratio

90%

97%

7%

Days on Market

378

259

31%

190

$585,000

$5,077,200

768%

258 in 2020

Sold Listings Average Sales Price

Total Dollar Volume Sold

$410,417 in 2020

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


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.