Crested Butte Market Report, Second Quarter 2023

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Overall Mt. Crested Butte Number of Properties Sold 37 94 in 2022 2022: $79,217,250 Total Dollar Volume Sold $34,935,330 Properties sold for of list price 95% Average Sales Price $842,737 in 2022
Average Days on Market 117 in 2022 124 SINGLE FAMILY HOMES 2022 2023 % Change Sold Listings 11 4 64% Average Sales Price $2,267,055 $2,168,125 4% List to Sold Price Ratio 97% 95% 2% Days on Market 188 118 37% Total Dollar Volume Sold $24,937,600 $8,672,500 65% CONDOS & TOWNHOMES 2022 2023 % Change Sold Listings 73 28 62% Average Sales Price $568,947 $797,208 40% List to Sold Price Ratio 100% 97% 3% Days on Market 84 106 26% Total Dollar Volume Sold $41,533,150 $22,321,830 46% VACANT LAND 2022 2023 % Change Sold Listings 10 5 50% Average Sales Price $1,274,650 $788,200 38% List to Sold Price Ratio 98% 85% 13% Days on Market 281 233 17% Total Dollar Volume Sold $12,746,500 $3,941,000 69%
MT. CRESTED BUTTE
$944,198

sold for of list price

94%

Average Sales Price $2,327,619 in 2022

$1,314,127 Average Days on Market 694 in 2022

133

3 CRESTED BUTTE
SINGLE FAMILY HOMES 2022 2023 % Change Sold Listings 7 4 43% Average Sales Price $2,942,857 $1,265,100 57% List to Sold Price Ratio 99% 97% 2% Days on Market 245 98 60% Total Dollar Volume Sold $20,600,000 $5,060,401 75% CONDOS & TOWNHOMES 2022 2023 % Change Sold Listings 3 2 33% Average Sales Price $850,333 $1,632,500 92% List to Sold Price Ratio 102% 95% 7% Days on Market 62 53 15% Total Dollar Volume Sold $2,551,000 $3,265,000 28% VACANT LAND 2022 2023 % Change Sold Listings 11 1 91% Average Sales Price $2,339,000 $385,000 84% List to Sold Price Ratio 99% 97% 2% Days on Market 1152 190 84% Total Dollar Volume Sold $25,729,000 $385,000 99% 2022: $48,880,000 Total Dollar Volume Sold
Number of Properties Sold 11 21 in 2022 Properties
Overall Crested Butte
$14,455,401
79 Anthracite Drive | Mt. CB Sold for $2,575,000 Listed by Coldwell Banker Mountain Properties Sold by Coldwell Banker Mountain Properties Listed by Coldwell Banker Mountain Properties 152 Evergreen Drive | Rural CB Offered at $5,997,000 Listed By Coldwell Banker Mountain Properties 8 Gothic Avenue | Town of CB Offered at $11,499,000 367 Journeys End Road | Rural CB Sold for $3,900,000 Listed byColdwell Banker Mountain Properties
4 LUXURY HOME MARKET
Sold by TAVA Real Estate
5 UPPER VALLEY STATISTICS
2022 2022:
Average
$1,055,419 in 2022
Average
209 in 2022 143
Number of Properties Sold 93 191 in
$201,584,950 Total Dollar Volume Sold $101,310,381 Properties sold for of list price 95%
Sales Price
$1,089,359
Days on Market
6 RURAL
Overall Rural CB 2022: $57,046,700 Total Dollar Volume Sold
Properties sold for of list price 95% Average Sales Price
in 2022
Average Days on Market 223 in 2022 150 Number of Properties Sold 27 48 in 2022 SINGLE FAMILY HOMES 2022 2023 % Change Sold Listings 13 10 23% Average Sales Price $2,594,90 $2,832,800 9% List to Sold Price Ratio 98% 95% 3% Days on Market 104 154 48% Total Dollar Volume Sold $33,733,700 $28,328,000 16% CONDOS & TOWNHOMES 2022 2023 % Change Sold Listings 7 1 86% Average Sales Price $669,786 $425,000 37% List to Sold Price Ratio 101% 100% 1% Days on Market 105 76 28% Total Dollar Volume Sold $4,688,500 $425,000 91% VACANT LAND 2022 2023 % Change Sold Listings 28 16 69% Average Sales Price $665,161 $601,219 11% List to Sold Price Ratio 96% 96% No Change Days on Market 308 152 51% Total Dollar Volume Sold $18,624,500 $9,619,500 48%
CRESTED BUTTE
$38,372,500
$1,188,473
$1,421,204

sold for of list price

96%

Average Sales Price $697,205 in 2022

$829,796

Average Days on Market 129 in 2022

172

7 CRESTED BUTTE SOUTH
SINGLE FAMILY HOMES 2022 2023 % Change Sold Listings 6 5 17% Average Sales Price $1,307,917 $1,093,230 16% List to Sold Price Ratio 99% 94% 5% Days on Market 66 136 106% Total Dollar Volume Sold $7,847,500 $5,466,150 30% CONDOS & TOWNHOMES 2022 2023 % Change Sold Listings 6 6 No Change Average Sales Price $785,667 $876,000 11% List to Sold Price Ratio 101% 99% 2% Days on Market 82 193 135% Total Dollar Volume Sold $4,714,000 $5,256,000 11% VACANT LAND 2022 2023 % Change Sold Listings 10 3 70% Average Sales Price $277,700 $298,333 7% List to Sold Price Ratio 98% 94% 4% Days on Market 195 189 3% Total Dollar Volume Sold $2,777,000 $895,000 68% Number of Properties Sold 14 22 in 2022 2022: $15,338,500 Total Dollar Volume Sold $11,617,150 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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