Crested Butte Market Report, Third Quarter 2022

Page 1

Sold Listings

SINGLE FAMILY HOMES

2021 2022 % Change

16 53%

Sales Price $2,050,926 $2,131,194 4%

97% No Change

on Market

172 52%

Dollar Volume Sold $69,731,500 $34,099,100 51%

CONDOS & TOWNHOMES

2021 2022 % Change

Sold Listings

107 5%

Average Sales Price $589,566 $613,011 4%

List to Sold Price Ratio 98% 100% 2%

on Market

82 43%

Total Dollar Volume Sold $66,620,950 $65,592,150 2%

VACANT LAND

2021 2022 % Change

Sold Listings

12 75%

Average Sales Price $508,542 $1,230,125 142%

List to Sold Price Ratio 92% 98% 6%

Days on Market

286 75%

Total Dollar Volume Sold $24,410,000 $14,761,500 40%

2 MT. CRESTED BUTTE Overall Mt. Crested Butte Number of Properties Sold 135 196 in 2021 2021: $161,112,450 Total Dollar Volume Sold $114,452,750 Properties sold for of list price 99% Average Sales Price $822,002 in 2021 $847,795 Average Days on Market 386 in 2021 111
34
Average
List to Sold Price Ratio 97%
Days
113
Total
113
Days
145
48
1146

Overall Crested Butte

SINGLE FAMILY HOMES

2021 2022 % Change

Sold Listings 26 9 65%

Average Sales Price $2,052,423 $2,761,111 35%

List to Sold Price Ratio 97% 99% 2%

Days on Market 128 230 80%

Total Dollar Volume Sold $53,363,000 $24,850,000 53%

CONDOS & TOWNHOMES

2021 2022 % Change

Sold Listings 17 6 65%

Average Sales Price $595,809 $995,333 67%

List to Sold Price Ratio 100% 100% No Change

Days on Market 194 64 67%

Total Dollar Volume Sold $10,128,750 $5,972,000 41%

VACANT LAND

2021 2022 % Change

Sold Listings 17 12 29%

Average Sales Price $1,405,324 $2,460,750 75%

List to Sold Price Ratio 99% 99% No Change

Days on Market 566 1074 90%

Total Dollar Volume Sold $23,890,500 $29,529,000 24%

3 CRESTED BUTTE
2021: $110,396,410 Total Dollar Volume Sold $63,191,000 Number of Properties Sold 29 72 in 2021 Properties sold for of list price 99% Average Sales Price $1,533,283 in 2021 $2,179,000 Average Days on Market 275 in 2021 535
47 Castle Rock Court | Mt. CB Sold for $2,695,000 Listed by Coldwell Banker Mountain Properties Sold by Gunnison Non Member Listed by Coldwell Banker Mountain Properties 316 Whiterock Street | Town of CB Offered at $2,850,000 Listed By Coldwell Banker Mountain Properties 991 County Road 738 | Rural CB Offered at $4,750,000 96 Anthracite | Mt. CB Sold for $3,500,000 Listed by Bluebird Real Estate LLC Sold by Coldwell Banker Mountain Properties 4 LUXURY HOME MARKET
5 UPPER VALLEY STATISTICS Number of Properties Sold 291 533 in 2021 2021: $487,993,360 Total Dollar Volume Sold $308,852,612 Properties sold for of list price 98% Average Sales Price $915,560 in 2021 $1,061,349 Average Days on Market 283 in 2021 181

Sold Listings

SINGLE FAMILY HOMES

2021 2022 % Change

23 39%

Average Sales Price $2,043,919 $2,771,683 36%

Sold Price Ratio

on Market

97% No Change

103 25%

Dollar Volume Sold $77,668,920 $63,748,700 18%

CONDOS & TOWNHOMES

2021 2022 % Change

Sold Listings

14 55%

Average Sales Price $817,339 $630,464 23%

List to Sold Price Ratio 101% 101% No Change

on Market

159 19%

Total Dollar Volume Sold $27,337,500 $8,826,500 65%

VACANT LAND

2021 2022 % Change

Sold Listings

44 53%

Average Sales Price $534,000 $644,852 21%

List to Sold Price Ratio 96% 96% No Change

on Market

287 4%

Total Dollar Volume Sold $49,662,000 $28,373,500 43%

6 RURAL CRESTED BUTTE Overall Rural CB 2021: $154,517,420 Total Dollar Volume Sold $100,948,700 Properties sold for of list price 97% Average Sales Price $942,179 in 2021 $1,246,280 Average Days on Market 216 in 2021 212 Number of Properties Sold 81 164 in 2021
38
List to
97%
Days
137
Total
31
Days
134
93
Days
276

SINGLE FAMILY HOMES

2021 2022 % Change

Sold Listings 19 11 42%

Average Sales Price $1,079,983 $1,230,878 14%

List to Sold Price Ratio 100% 98% 2%

Days on Market 72 65 10%

Total Dollar Volume Sold $20,519,680 $13,539,662 34%

CONDOS & TOWNHOMES

2021 2022 % Change

Sold Listings 9 11 22%

Average Sales Price $667,111 $898,182 35%

List to Sold Price Ratio 100% 100% No Change Days on Market 74 77 4%

Total Dollar Volume Sold $6,004,000 $9,880,000 65%

VACANT LAND

2021 2022 % Change

Sold Listings 47 12 74%

Average Sales Price $176,774 $276,417 56%

List to Sold Price Ratio 97% 98% 1%

Days on Market 276 171 38%

Total Dollar Volume Sold $8,308,400 $3,317,000 60%

Overall

7 CRESTED BUTTE SOUTH
CB South
Number of Properties Sold 34 79 in 2021 2021: $37,094,080 Total Dollar Volume Sold $26,736,662 Properties sold for of list price 99% Average Days on Market 202 in 2021 106 Average Sales Price $469,545 in 2021 $786,372

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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