Crested Butte Market Report, Second Quarter 2022

Page 1


MT. CRESTED BUTTE Overall Mt. Crested Butte

SINGLE FAMILY HOMES 2021

2022

% Change

22

11

50%

$1,795,795

$2,267,055

26%

List to Sold Price Ratio

98%

97%

1%

Days on Market

130

188

45%

$24,937,600

37%

Number of Properties Sold

94 139 in 2021

Total Dollar Volume Sold

Sold Listings Average Sales Price

Total Dollar Volume Sold $39,507,500

$79,217,250 CONDOS & TOWNHOMES

2021: $104,245,950

Properties sold for

99% of list price

2021

2022

% Change

76

73

4%

$602,532

$568,947

6%

List to Sold Price Ratio

98%

100%

2%

Days on Market

164

84

49%

$41,533,150

9%

Sold Listings Average Sales Price

Total Dollar Volume Sold $45,792,450

Average Sales Price

$842,737

VACANT LAND 2021

2022

% Change

40

10

75%

$464,900

$1,274,650

174%

List to Sold Price Ratio

94%

98%

4%

Days on Market

1350

281

79%

$12,746,500

31%

$749,971 in 2021 Sold Listings

Average Days on Market

117 501 in 2021 2

Average Sales Price

Total Dollar Volume Sold $18,596,000


CRESTED BUTTE Overall Crested Butte

SINGLE FAMILY HOMES 2021

2022

% Change

16

7

56%

$1,938,625

$2,942,857

52%

List to Sold Price Ratio

96%

99%

3%

Days on Market

158

245

55%

Sold Listings Average Sales Price

Total Dollar Volume Sold $31,018,000 $20,600,000

34%

Number of Properties Sold

21 47 in 2021

Total Dollar Volume Sold

$48,880,000 CONDOS & TOWNHOMES Sold Listings Average Sales Price List to Sold Price Ratio Days on Market Total Dollar Volume Sold

2021: $70,130,550

2021

2022

% Change

11

3

73%

$538,977

$850,333

58%

100%

102%

2%

99%

269

62

77%

of list price

$5,928,750

$2,551,000

57%

Properties sold for

Average Sales Price

$2,327,619

VACANT LAND 2021

2022

% Change

10

11

10%

$1,516,150

$2,339,000

54%

List to Sold Price Ratio

99%

99%

No Change

Days on Market

691

1152

67%

694

70%

335 in 2021

Sold Listings Average Sales Price

Total Dollar Volume Sold $15,161,500 $25,729,000

$1,492,139 in 2021

Average Days on Market

3


LUXURY HOME MARKET

502 Teocalli Avenue | Town of CB

11 Butte Avenue | Town of CB

Sold for $4,300,000

Sold for $3,400,000

Listed by LIV Sotheby’s International Realty

Listed by Coldwell Banker Mountain Properties

Sold by Coldwell Banker Mountain Properties

Sold by eXp Realty, LLC

817 Whiterock Avenue | Town of CB

21681 Highway 135 | Rural CB

Offered at $4,950,000

Offered at $4,800,000

Listed By Coldwell Banker Mountain Properties

4

Listed by Coldwell Banker Mountain Properties


UPPER VALLEY STATISTICS

Number of Properties Sold

Properties sold for

191

99%

353 in 2021

of list price

Total Dollar Volume Sold

$201,584,950 2021: $290,974,420

Average Sales Price

Average Days on Market

$1,055,419

209

$824,290 in 2021

347 in 2021

5


RURAL CRESTED BUTTE Overall Rural CB

SINGLE FAMILY HOMES 2021

2022

% Change

24

13

46%

$1,760,168

$2,594,900

47%

List to Sold Price Ratio

96%

98%

2%

Days on Market

131

104

21%

$33,733,700

20%

Number of Properties Sold

48 108 in 2021

Total Dollar Volume Sold

Sold Listings Average Sales Price

Total Dollar Volume Sold $42,244,040

$57,046,700 CONDOS & TOWNHOMES

2021: $85,265,540

Properties sold for

98% of list price

Sold Listings Average Sales Price List to Sold Price Ratio Days on Market

2021

2022

% Change

21

7

67%

$658,952

$669,768

2%

100%

101%

1%

147

105

29%

$4,688,500

66%

Total Dollar Volume Sold $13,838,000

Average Sales Price

$1,188,473

VACANT LAND 2021

2022

% Change

61

28

54%

$448,107

$665,161

48%

List to Sold Price Ratio

97%

96%

1%

Days on Market

302

308

2%

$18,624,500

32%

$789,496 in 2021 Sold Listings

Average Days on Market

223 232 in 2021 6

Average Sales Price

Total Dollar Volume Sold $27,334,500


CRESTED BUTTE SOUTH Overall CB South

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

Days on Market

2021

2022

% Change

12

6

50%

$1,072,098

$1,307,917

22%

102%

99%

3%

67

66

1%

$7,847,500

39%

Total Dollar Volume Sold $12,865,180

Number of Properties Sold

22 49 in 2021

Total Dollar Volume Sold

$15,338,500 CONDOS & TOWNHOMES Sold Listings Average Sales Price List to Sold Price Ratio Days on Market Total Dollar Volume Sold

2021: $22,564,380

2021

2022

% Change

6

6

No Change

$584,167

$785,667

34%

99%

101%

2%

99%

73

82

12%

of list price

$3,505,000

$4,714,000

34%

Properties sold for

Average Sales Price

$697,205

VACANT LAND 2021

2022

% Change

29

10

66%

$175,076

$277,700

59%

List to Sold Price Ratio

97%

98%

1%

Days on Market

259

195

25%

129

$5,077,200

$2,777,000

45%

190 in 2021

Sold Listings Average Sales Price

Total Dollar Volume Sold

$460,498 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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