Crested Butte Market Report, Third Quarter 2023

Page 1


MT. CRESTED BUTTE Overall Mt. Crested Butte

SINGLE FAMILY HOMES 2022

2023

% Change

16

15

6%

Average Sales Price

$2,131,194

$2,540,867

19%

List to Sold Price Ratio

97%

93%

4%

Days on Market

172

139

19%

$38,113,000

12%

Number of Properties Sold

77 135 in 2022

Total Dollar Volume Sold

Sold Listings

Total Dollar Volume Sold $34,099,100

$81,852,430 CONDOS & TOWNHOMES

2022: $114,452,750

Properties sold for

95% of list price

2022

2023

% Change

107

53

50%

Average Sales Price

$613,011

$709,970

16%

List to Sold Price Ratio

100%

97%

3%

Days on Market

82

123

50%

$37,628,430

43%

Sold Listings

Total Dollar Volume Sold $65,592,150

Average Sales Price

$1,063,019

VACANT LAND 2022

2023

% Change

12

9

25%

Average Sales Price

$1,230,125

$679,000

45%

List to Sold Price Ratio

98%

87%

11%

Days on Market

286

248

13%

$6,111,000

59%

$847,795 in 2022 Sold Listings

Average Days on Market

141 111 in 2022 2

Total Dollar Volume Sold $14,761,500


CRESTED BUTTE Overall Crested Butte

SINGLE FAMILY HOMES 2022

2023

% Change

9

12

33%

Average Sales Price

$2,761,111

$2,646,289

4%

List to Sold Price Ratio

99%

96%

3%

Days on Market

230

187

19%

Sold Listings

Total Dollar Volume Sold $24,850,000 $31,755,470

28%

Number of Properties Sold

24 29 in 2022

Total Dollar Volume Sold

$47,787,470 CONDOS & TOWNHOMES

2022: $63,191,000

2022

2023

% Change

6

3

50%

Average Sales Price

$995,333

$1,359,667

37%

List to Sold Price Ratio

100%

95%

5%

95%

Days on Market

64

64

No Change

of list price

$5,972,000

$4,079,000

32%

Sold Listings

Total Dollar Volume Sold

Properties sold for

Average Sales Price

$1,991,145

VACANT LAND 2022

2023

% Change

12

4

67%

Average Sales Price

$2,460,750

$1,471,000

40%

List to Sold Price Ratio

99%

92%

7%

Days on Market

1074

1680

56%

421

$5,884,000

80%

535 in 2022

Sold Listings

Total Dollar Volume Sold $29,529,000

$2,179,000 in 2022

Average Days on Market

3


LUXURY HOME MARKET

4

14 Kokanee Lane | Mt. CB

501 Teocalli Ave | Town of CB

Sold for $10,000,000

Sold for $5,343,569

Listed by LIV Sotheby’s International Realty

Listed by LIV Sotheby’s International Realty

Sold by Coldwell Banker Mountain Properties

Sold by Coldwell Banker Mountain Properties

105 Bear Scratch Lane | Mt. CB

21681 Highway 135 | Rural CB

Offered at $7,500,000

Offered at $4,500,000

Listed By Coldwell Banker Mountain Properties

Listed by Coldwell Banker Mountain Properties


UPPER VALLEY STATISTICS

Number of Properties Sold

Properties sold for

Total Dollar Volume Sold

205

96%

$243,085,075

291 in 2022

of list price

2022: $308,852,612

Average Sales Price

Average Days on Market

$1,185,781

189

$1,061,349 in 2022

181 in 2022

5


RURAL CRESTED BUTTE Overall Rural CB

SINGLE FAMILY HOMES 2022

2023

% Change

23

23

No Change

Average Sales Price

$2,771,683

$2,382,152

14%

List to Sold Price Ratio

97%

97%

No Change

Days on Market

103

125

21%

$54,789,500

14%

Number of Properties Sold

67 81 in 2022

Total Dollar Volume Sold

Sold Listings

Total Dollar Volume Sold $63,748,700

$87,219,025 CONDOS & TOWNHOMES

2022: $100,948,700

Properties sold for

97% of list price

2022

2023

% Change

14

17

21%

Average Sales Price

$630,464

$947,412

50%

List to Sold Price Ratio

101%

100%

1%

Days on Market

159

254

60%

$8,826,500

$16,106,000

82%

Sold Listings

Total Dollar Volume Sold

Average Sales Price

$1,301,776

VACANT LAND 2022

2023

% Change

44

27

39%

Average Sales Price

$644,852

$604,575

6%

List to Sold Price Ratio

96%

96%

No Change

Days on Market

287

168

41%

$16,323,525

42%

$1,246,280 in 2022 Sold Listings

Average Days on Market

175 212 in 2022 6

Total Dollar Volume Sold $28,373,500


CRESTED BUTTE SOUTH Overall CB South

SINGLE FAMILY HOMES 2022

2023

% Change

11

9

18%

Average Sales Price

$1,230,878

$1,086,906

12%

List to Sold Price Ratio

98%

95%

3%

Days on Market

65

122

88%

$9,773,150

28%

Sold Listings

Total Dollar Volume Sold $13,539,662

Number of Properties Sold

26 34 in 2022

Total Dollar Volume Sold

$19,962,150 CONDOS & TOWNHOMES

2022: $26,736,662

2022

2023

% Change

11

10

9%

Average Sales Price

$898,182

$813,900

9%

List to Sold Price Ratio

100%

99%

1%

96%

Days on Market

77

145

88%

of list price

$9,880,000

$8,139,000

18%

Sold Listings

Total Dollar Volume Sold

Properties sold for

Average Sales Price

$767,775

VACANT LAND 2022

2023

% Change

12

7

42%

Average Sales Price

$276,417

$292,857

6%

List to Sold Price Ratio

98%

93%

5%

Days on Market

171

113

34%

128

$3,317,000

$2,050,000

38%

106 in 2022

Sold Listings

Total Dollar Volume Sold

$786,372 in 2022

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


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.