Crested Butte Market Report, Fourth Quarter 2021

Page 1


MT. CRESTED BUTTE Overall Mt. Crested Butte

SINGLE FAMILY HOMES 2020

2021

% Change

33

41

24%

$1,409,539

$2,121,756

51%

List to Sold Price Ratio

96%

97%

1%

Days on Market

225

126

44%

$86,992,000

87%

Number of Properties Sold

271 179 in 2020

Total Dollar Volume Sold

Sold Listings Average Sales Price

Total Dollar Volume Sold $46,514,800

$218,583,783 CONDOS & TOWNHOMES

2020: $116,638,299

Properties sold for

97% of list price

2020

2021

% Change

126

176

40%

$493,005

$573,732

16%

List to Sold Price Ratio

97%

99%

2%

Days on Market

169

150

11%

Sold Listings Average Sales Price

Total Dollar Volume Sold $62,118,598 $100,976,783

63%

Average Sales Price

$806,582

VACANT LAND 2020

2021

% Change

20

53

165%

$400,245

$571,038

43%

List to Sold Price Ratio

93%

93%

No Change

Days on Market

281

1058

277%

$8,004,901

$30,265,000

278%

$651,611 in 2020 Sold Listings

Average Days on Market

325 192 in 2020 2

Average Sales Price

Total Dollar Volume Sold


CRESTED BUTTE Overall Crested Butte

SINGLE FAMILY HOMES 2020

2021

% Change

44

32

27%

$1,528,739

$2,202,969

44%

List to Sold Price Ratio

96%

97%

1%

Days on Market

176

128

27%

Sold Listings Average Sales Price

Total Dollar Volume Sold $67,264,525 $70,495,000

5%

Number of Properties Sold

87 75 in 2020

Total Dollar Volume Sold

$147,582,410 CONDOS & TOWNHOMES

2020: $97,685,604

2020

2021

% Change

10

20

100%

$687,658

$604,138

12%

List to Sold Price Ratio

97%

99%

2%

96%

Days on Market

196

188

4%

of list price

$6,876,579

$12,082,750

76%

Sold Listings Average Sales Price

Total Dollar Volume Sold

Properties sold for

Average Sales Price

$1,696,350

VACANT LAND 2020

2021

% Change

17

17

No Change

$1,221,735

$1,405,324

15%

List to Sold Price Ratio

97%

99%

2%

Days on Market

533

566

6%

247

15%

265 in 2020

Sold Listings Average Sales Price

Total Dollar Volume Sold $20,769,500 $23,890,500

$1,302,475 in 2020

Average Days on Market

3


LUXURY HOME MARKET

818 Elk Avenue | Town of CB

14 Hunter Hill Rd #A403 | Mt. CB

Sold for $3,325,000

Sold for $2,750,000

Listed by Coldwell Banker Mountain Properties

Listed by Coldwell Banker Mountain Properties

Sold by LIV Sotheby’s International Realty

Sold by Bluebird Real Estate

991 County Road 738 | Rural CB

11 Butte Avenue | Town of CB

Offered at $4,500,000

Offered at $3,550,000

Listed By Coldwell Banker Mountain Properties

4

Listed by Coldwell Banker Mountain Properties


UPPER VALLEY STATISTICS

Number of Properties Sold

Properties sold for

697

97%

510 in 2020

of list price

Average Sales Price

$942,760 $809,006 in 2020

Total Dollar Volume Sold

$657,103,893 2020: $412,592,909

Average Days on Market

254 233 in 2020

5


RURAL CRESTED BUTTE Overall Rural CB

SINGLE FAMILY HOMES 2020

2021

% Change

62

53

15%

$1,834,502

$2,173,178

18%

List to Sold Price Ratio

91%

96%

5%

Days on Market

253

152

40%

Number of Properties Sold

213 168 in 2020

Total Dollar Volume Sold

Sold Listings Average Sales Price

Total Dollar Volume Sold $113,739,100 $115,178,420

1%

$212,937,920 CONDOS & TOWNHOMES

2020: $162,976,730

Properties sold for

97% of list price

2020

2021

% Change

33

35

6%

$721,952

$839,386

16%

List to Sold Price Ratio

98%

100%

2%

Days on Market

124

127

2%

$29,378,500

23%

Sold Listings Average Sales Price

Total Dollar Volume Sold $23,824,400

Average Sales Price

$999,709

VACANT LAND 2020

2021

% Change

72

123

71%

$350,378

$540,911

54%

List to Sold Price Ratio

92%

96%

4%

Days on Market

335

257

23%

$66,532,000

164%

$970,100 in 2020 Sold Listings

Average Days on Market

209 263 in 2020 6

Average Sales Price

Total Dollar Volume Sold $25,227,230


CRESTED BUTTE SOUTH Overall CB South

SINGLE FAMILY HOMES 2020

2021

% Change

18

26

44%

$794,339

$1,035,865

30%

List to Sold Price Ratio

99%

100%

1%

Days on Market

170

79

54%

Sold Listings Average Sales Price

Total Dollar Volume Sold $14,298,100 $26,932,480

88%

Number of Properties Sold

99 58 in 2020

Total Dollar Volume Sold

$47,893,280 CONDOS & TOWNHOMES

2020: $24,102,876

2020

2021

% Change

18

14

22%

$458,206

$625,000

36%

List to Sold Price Ratio

98%

99%

1%

99%

Days on Market

220

74

66%

of list price

$8,247,700

$ 8,750,000

6%

Sold Listings Average Sales Price

Total Dollar Volume Sold

Properties sold for

Average Sales Price

$483,771

VACANT LAND 2020

2021

% Change

22

55

150%

$116,231

$180,880

56%

List to Sold Price Ratio

92%

97%

5%

Days on Market

316

250

21%

180

$2,557,076

$9,948,800

289%

241 in 2020

Sold Listings Average Sales Price

Total Dollar Volume Sold

$432,808 in 2020

Average Days on Market

7


When Experience Counts When it’s time to buy or sell real estate in Crested Butte, 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.

215 Elk Avenue 970.349.5007 www.crestedbutte.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.