Crested Butte Market Report, Third Quarter 2021

Page 1


MT. CRESTED BUTTE Overall Mt. Crested Butte

SINGLE FAMILY HOMES 2020

2021

% Change

16

34

113%

$1,144,669

$2,050,926

79%

List to Sold Price Ratio

94%

97%

3%

Days on Market

183

113

38%

Number of Properties Sold

196 103 in 2020

Total Dollar Volume Sold

Sold Listings Average Sales Price

Total Dollar Volume Sold $18,315,700 $69,731,500

281%

$161,112,450 CONDOS & TOWNHOMES

2020: $54,556,123

Properties sold for

97% of list price

2020

2021

% Change

78

113

45%

$415,116

$589,566

42%

List to Sold Price Ratio

97%

98%

1%

Days on Market

151

145

4%

Sold Listings Average Sales Price

Total Dollar Volume Sold $32,379,023 $66,620,950

106%

Average Sales Price

$822,002

VACANT LAND 2020

2021

% Change

9

48

433%

$429,156

$508,542

18%

List to Sold Price Ratio

93%

92%

1%

Days on Market

310

1146

270%

$3,862,400

$24,410,000

532%

$529,671 in 2020 Sold Listings

Average Days on Market

386 170 in 2020 2

Average Sales Price

Total Dollar Volume Sold


CRESTED BUTTE Overall Crested Butte

SINGLE FAMILY HOMES 2020

2021

% Change

28

26

7%

$1,467,099

$2,052,423

40%

72

List to Sold Price Ratio

96%

97%

1%

43 in 2020

Days on Market

194

128

34%

Sold Listings Average Sales Price

Total Dollar Volume Sold $41,078,775 $53,363,000

30%

Number of Properties Sold

Total Dollar Volume Sold

$110,396,410 CONDOS & TOWNHOMES

2020: $55,315,954

2020

2021

% Change

6

17

183%

$733,780

$595,809

19%

List to Sold Price Ratio

97%

100%

3%

97%

Days on Market

125

194

55%

of list price

$4,402,679

$10,128,750

130%

Sold Listings Average Sales Price

Total Dollar Volume Sold

Properties sold for

Average Sales Price

$1,533,283

VACANT LAND 2020

2021

% Change

8

17

113%

$1,115,563

$1,405,324

26%

List to Sold Price Ratio

95%

99%

4%

Days on Market

191

566

196%

275

$8,924,500

$23,890,500

168%

183 in 2020

Sold Listings Average Sales Price

Total Dollar Volume Sold

$1,286,418 in 2020

Average Days on Market

3


LUXURY HOME MARKET

938 Round Mountain Road | Rural CB

644 Sunset Drive | Rural CB

Sold for $3,900,000

Sold for $3,900,000

Listed by Signature Properties Ebner & Associates

Listed by Coldwell Banker Mountain Properties

Sold by Coldwell Banker Mountain Properties

Sold by Bluebird Real Estate

991 County Road 738 | Rural CB

214 Gothic Avenue | Town of CB

Offered at $4,500,000

Offered at $4,150,000

Listed By Coldwell Banker Mountain Properties

4

Listed by Coldwell Banker Mountain Properties


UPPER VALLEY STATISTICS

Number of Properties Sold

Properties sold for

533

97%

285 in 2020

of list price

Average Sales Price

$915,560 $754,644 in 2020

Total Dollar Volume Sold

$487,993,360 2020: $215,073,427

Average Days on Market

283 208 in 2020

5


RURAL CRESTED BUTTE Overall Rural CB

SINGLE FAMILY HOMES 2020

2021

% Change

34

38

12%

$1,719,293

$2,043,919

19%

List to Sold Price Ratio

88%

97%

9%

Days on Market

233

137

41%

$77,668,920

33%

Number of Properties Sold

164 84 in 2020

Total Dollar Volume Sold

Sold Listings Average Sales Price

Total Dollar Volume Sold $58,455,950

$154,517,420 CONDOS & TOWNHOMES

2020: $82,970,950

Properties sold for

97% of list price

2020

2021

% Change

19

31

63%

$733,013

$817,339

12%

List to Sold Price Ratio

98%

101%

3%

Days on Market

135

134

1%

$25,337,500

82%

Sold Listings Average Sales Price

Total Dollar Volume Sold $13,927,250

Average Sales Price

$942,179

VACANT LAND 2020

2021

% Change

30

93

210%

$346,725

$534,000

54%

List to Sold Price Ratio

93%

96%

3%

Days on Market

306

276

10%

$49,662,000

377%

$987,749 in 2020 Sold Listings

Average Days on Market

216 239 in 2020 6

Average Sales Price

Total Dollar Volume Sold $10,401,750


CRESTED BUTTE SOUTH Overall CB South

SINGLE FAMILY HOMES 2020

2021

% Change

11

19

73%

$744,818

$1,079,983

45%

79

List to Sold Price Ratio

99%

100%

1%

33 in 2020

Days on Market

179

72

60%

$8,193,000

$20,519,680

150%

Sold Listings Average Sales Price

Total Dollar Volume Sold

Number of Properties Sold

Total Dollar Volume Sold

$37,094,080 CONDOS & TOWNHOMES

2020: $13,877,800

2020

2021

% Change

10

9

10%

$437,480

$667,111

52%

List to Sold Price Ratio

98%

100%

2%

99%

Days on Market

209

74

65%

of list price

$4,374,800

$ 6,004,000

37%

Sold Listings Average Sales Price

Total Dollar Volume Sold

Properties sold for

Average Sales Price

$469,545

VACANT LAND 2020

2021

% Change

12

47

292%

$110,000

$176,774

61%

List to Sold Price Ratio

88%

97%

10%

Days on Market

327

276

16%

202

$1,320,000

$8,308,400

529%

242 in 2020

Sold Listings Average Sales Price

Total Dollar Volume Sold

$420,842 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


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