Crested Butte Market Report, First Quarter 2022

Page 1


MT. CRESTED BUTTE Overall Mt. Crested Butte

SINGLE FAMILY HOMES 2021

2022

% Change

10

4

60%

$1,522,900

$2,647,650

74%

List to Sold Price Ratio

98%

96%

2%

Days on Market

134

134

No Change

$10,590,600

30%

Number of Properties Sold

45 78 in 2021

Total Dollar Volume Sold

Sold Listings Average Sales Price

Total Dollar Volume Sold $15,229,000

$36,761,350 CONDOS & TOWNHOMES

2021: $52,794,950

Properties sold for

98% of list price

2021

2022

% Change

47

37

21%

$574,975

$626,601

9%

List to Sold Price Ratio

97%

99%

2%

Days on Market

178

107

40%

$23,184,250

14%

Sold Listings Average Sales Price

Total Dollar Volume Sold $27,023,950

Average Sales Price

$816,919

VACANT LAND 2021

2022

% Change

21

4

81%

$502,000

$746,625

49%

List to Sold Price Ratio

92%

95%

3%

Days on Market

2260

406

82%

$2,986,500

72%

$676,858 in 2021 Sold Listings

Average Days on Market

136 733 in 2021 2

Average Sales Price

Total Dollar Volume Sold $10,542,000


CRESTED BUTTE Overall Crested Butte

SINGLE FAMILY HOMES 2021

2022

% Change

8

3

63%

$1,434,875

$2,626,667

83%

List to Sold Price Ratio

96%

99%

3%

Days on Market

179

118

34%

$7,880,000

31%

Sold Listings Average Sales Price

Total Dollar Volume Sold $11,479,000

Number of Properties Sold

8 22 in 2021

Total Dollar Volume Sold

$26,175,000 CONDOS & TOWNHOMES Sold Listings Average Sales Price List to Sold Price Ratio Days on Market Total Dollar Volume Sold

2021: $29,973,900

2021

2022

% Change

5

—%

$555,180

$—

—%

103%

—%

—%

99%

245

—%

of list price

$2,775,900

$—

—%

Properties sold for

Average Sales Price

$3,271,875

VACANT LAND 2021

2022

% Change

6

5

17%

$1,769,833

$3,659,000

107%

List to Sold Price Ratio

99%

99%

No Change

Days on Market

407

1001

146%

670

72%

291 in 2021

Sold Listings Average Sales Price

Total Dollar Volume Sold $10,619,000 $18,295,000

$1,362,450 in 2021

Average Days on Market

3


LUXURY HOME MARKET

21759 Highway 135 | Rural CB

66 Stream View Lane | Rural CB

Sold for $2,550,000

Sold for $1,850,000

Listed by Coldwell Banker Mountain Properties

Listed by Coldwell Banker Mountain Properties

Sold by Coldwell Banker Mountain Properties

Sold by Signature Properties Ebner & Associates

817 Whiterock Avenue | Town of CB

991 County Road 738 | Rural CB

Offered at $4,950,000

Offered at $4,750,000

Listed By Coldwell Banker Mountain Properties

4

Listed by Coldwell Banker Mountain Properties


UPPER VALLEY STATISTICS

Number of Properties Sold

Properties sold for

92

99%

175 in 2021

of list price

Average Sales Price

$964,852 $785,059 in 2021

Total Dollar Volume Sold

$88,766,350 2021: $137,385,350

Average Days on Market

222 461 in 2021

5


RURAL CRESTED BUTTE Overall Rural CB

SINGLE FAMILY HOMES 2021

2022

% Change

13

4

69%

$1,724,615

$1,733,875

1%

List to Sold Price Ratio

96%

103%

7%

Days on Market

165

131

21%

$6,935,500

69%

Number of Properties Sold

23 55 in 2021

Total Dollar Volume Sold

Sold Listings Average Sales Price

Total Dollar Volume Sold $22,420,000

$17,887,000 CONDOS & TOWNHOMES

2021: $40,860,000

Properties sold for

99% of list price

2021

2022

% Change

11

3

73%

$558,000

$412,000

26%

List to Sold Price Ratio

99%

109%

10%

Days on Market

184

30

84%

$6,138,000

$1,236,000

80%

Sold Listings Average Sales Price

Total Dollar Volume Sold

Average Sales Price

$777,696

VACANT LAND 2021

2022

% Change

31

16

48%

$396,839

$607,219

53%

List to Sold Price Ratio

97%

96%

1%

Days on Market

274

363

32%

$9,715,500

21%

$742,909 in 2021 Sold Listings

Average Days on Market

279 230 in 2021 6

Average Sales Price

Total Dollar Volume Sold $12,302,000


CRESTED BUTTE SOUTH Overall CB South

SINGLE FAMILY HOMES Sold Listings Average Sales Price List to Sold Price Ratio

Days on Market Total Dollar Volume Sold

2021

2022

% Change

4

3

25%

$882,500

$1,190,833

35%

98%

98%

No Change

58

78

34%

$3,530,000

$3,572,500

1%

Number of Properties Sold

12 13 in 2021

Total Dollar Volume Sold

$7,034,500 CONDOS & TOWNHOMES

2021: $5,482,000

2021

2022

% Change

Sold Listings

2

—%

Average Sales Price

$—

$862,500

—%

List to Sold Price Ratio

—%

102%

—%

99%

Days on Market

50

—%

of list price

Total Dollar Volume Sold

$—

$1,725,000

—%

Properties sold for

Average Sales Price

$586,208

VACANT LAND 2021

2022

% Change

9

7

22%

$246,889

$248,143

1%

List to Sold Price Ratio

96%

99%

3%

Days on Market

268

252

6%

175

$1,952,000

$1,737,000

11%

203 in 2021

Sold Listings Average Sales Price

Total Dollar Volume Sold

$421,692 in 2021

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. 18 of our agents have lived in the valley for over 20 years, and our team shares 439 years of combined real estate experience.

OUR BROKERS ARE LOCAL EXPERTS—LET US MAKE THE MOST OUT OF YOUR CRESTED BUTTE REAL ESTATE JOURNEY.

215 Elk Avenue 970.349.5007 www.crestedbutte.realestate


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