Crested Butte Market Report, First Quarter 2023

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Overall Mt. Crested Butte Number of Properties Sold 13 45 in 2022 2022: $36,761,350 Total Dollar Volume Sold $9,272,280 Properties sold for of list price 94% Average Sales Price $816,919 in 2022 $713,252 Average Days on Market 136 in 2022 120 SINGLE FAMILY HOMES 2022 2023 % Change Sold Listings 4 % Average Sales Price $2,647,650 $ % List to Sold Price Ratio 96 % — % — % Days on Market 134 % Total Dollar Volume Sold $10,590,600 $ % CONDOS & TOWNHOMES 2022 2023 % Change Sold Listings 37 10 73% Average Sales Price $626,601 $716,478 14% List to Sold Price Ratio 99% 98% 1% Days on Market 107 85 21% Total Dollar Volume Sold $23,184,250 $7,164,780 69% VACANT LAND 2022 2023 % Change Sold Listings 4 3 25% Average Sales Price $746,625 $702,500 6% List to Sold Price Ratio 95% 82% 13% Days on Market 406 236 42% Total Dollar Volume Sold $2,986,500 $2,107,500 29%
MT. CRESTED BUTTE

$1,395,000

Sales Price $3,271,875 in 2022

Days on Market 670

3 CRESTED BUTTE Overall Crested Butte SINGLE FAMILY HOMES 2022 2023 % Change Sold Listings 3 3 No Change Average Sales Price $2,626,667 $1,645,000 37% List to Sold Price Ratio 99% 97% 2% Days on Market 118 122 3% Total Dollar Volume Sold $7,880,000 $4,935,000 37% CONDOS & TOWNHOMES 2022 2023 % Change Sold Listings % Average Sales Price $ $ % List to Sold Price Ratio % % % Days on Market % Total Dollar Volume Sold $ — $ — — % VACANT LAND 2022 2023 % Change Sold Listings 5 1 80% Average Sales Price $3,659,000 $385,000 89% List to Sold Price Ratio 99% 97% 2% Days on Market 1001 190 81% Total Dollar Volume Sold $18,295,000 $385,000 98% 2022:
Total Dollar Volume
Number of Properties
in
Properties
Average
Average
$26,175,000 in
Sold $9,765,000
Sold 7 8
2022
sold for of list price
95%
2022 158
578 Shavano Street | CB South Offered at $1,750,000 Listed by Coldwell Banker Mountain Properties Listed by Coldwell Banker Mountain Properties 991 County Road 738 | Rural CB Offered at $4,750,000 Listed By Coldwell Banker Mountain Properties 8 Gothic Avenue | Town of CB Offered at $12,500,000 20 Hunter Hill Rd #211 | Mt. CB Sold for $1,267,000 Listed by Bluebird Real Estate
4 LUXURY HOME MARKET
Sold by Coldwell Banker Mountain Properties

Number of Properties Sold 37 92 in 2022 2022: $88,766,350

Total Dollar Volume Sold $37,266,430 Properties sold for of list price

95%

5 UPPER VALLEY STATISTICS
Average Sales Price $964,852 in 2022 $1,007,201 Average Days on Market 222 in 2022 162
6 RURAL CRESTED
Overall Rural CB 2022: $17,887,000 Total Dollar Volume Sold $12,998,000 Properties sold for of list price 96% Average Sales Price $777,696 in 2022 $1,299,800 Average Days on Market 279 in 2022 188 Number of Properties Sold 10 23 in 2022 SINGLE FAMILY HOMES 2022 2023 % Change Sold Listings 4 4 No Change Average Sales Price $1,733,875 $2,303,250 33% List to Sold Price Ratio 103% 96% 7% Days on Market 131 172 31% Total Dollar Volume Sold $6,935,500 $9,213,000 33% CONDOS & TOWNHOMES 2022 2023 % Change Sold Listings 3 1 67% Average Sales Price $412,000 $425,000 3% List to Sold Price Ratio 109% 100% 9% Days on Market 30 76 153% Total Dollar Volume Sold $1,236,000 $425,000 66% VACANT LAND 2022 2023 % Change Sold Listings 16 5 69% Average Sales Price $607,219 $672,000 11% List to Sold Price Ratio 96% 94% 2% Days on Market 363 223 39% Total Dollar Volume Sold $9,715,500 $3,360,000 65%
BUTTE

sold for of list price

96%

Average Sales Price $586,208 in 2022

$887,230

Average Days on Market 175 in 2022

234

7 CRESTED BUTTE SOUTH
SINGLE FAMILY HOMES 2022 2023 % Change Sold Listings 3 2 33% Average Sales Price $1,190,833 $1,058,075 11% List to Sold Price Ratio 98% 92% 6% Days on Market 78 157 101% Total Dollar Volume Sold $3,572,500 $2,116,150 41% CONDOS & TOWNHOMES 2022 2023 % Change Sold Listings 2 2 No Change Average Sales Price $862,500 $962,500 12% List to Sold Price Ratio 102% 100% 2% Days on Market 50 361 622% Total Dollar Volume Sold $1,725,000 $1,925,000 12% VACANT LAND 2022 2023 % Change Sold Listings 7 1 86% Average Sales Price $248,143 $395,000 59% List to Sold Price Ratio 99% 93% 6% Days on Market 252 134 47% Total Dollar Volume Sold $1,737,000 $395,000 77% Number of Properties Sold 5 12 in 2022 2022: $7,034,500 Total Dollar Volume Sold $4,436,150 Properties
Overall CB South

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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