Crested Butte Market Report, Fourth Quarter 2023

Page 1


MT. CRESTED BUTTE Overall Mt. Crested Butte

SINGLE FAMILY HOMES 2022

2023

% Change

18

17

6%

Average Sales Price

$2,074,394

$2,434,588

17%

List to Sold Price Ratio

97%

93%

4%

Days on Market

162

152

6%

$41,388,000

11%

Number of Properties Sold

94 157 in 2022

Total Dollar Volume Sold

Sold Listings

Total Dollar Volume Sold $37,339,100

$95,458,930 CONDOS & TOWNHOMES

2022: $132,224,732

Properties sold for

94% of list price

2022

2023

% Change

126

65

48%

Average Sales Price

$632,533

$675,537

7%

List to Sold Price Ratio

99%

97%

2%

Days on Market

81

144

78%

$43,909,930

45%

Sold Listings

Total Dollar Volume Sold $79,699,132

Average Sales Price

$1,015,521

VACANT LAND 2022

2023

% Change

13

12

8%

Average Sales Price

$1,168,192

$846,750

28%

List to Sold Price Ratio

98%

90%

8%

Days on Market

273

219

20%

$10,161,000

33%

$842,196 in 2022 Sold Listings

Average Days on Market

155 106 in 2022 2

Total Dollar Volume Sold $15,186,500


CRESTED BUTTE Overall Crested Butte

SINGLE FAMILY HOMES 2022

2023

% Change

13

22

69%

Average Sales Price

$2,893,846

$2,696,487

7%

List to Sold Price Ratio

93%

95%

2%

Days on Market

203

244

20%

Sold Listings

Total Dollar Volume Sold $37,620,000 $59,322,720

58%

Number of Properties Sold

40 38 in 2022

Total Dollar Volume Sold

$80,869,631 CONDOS & TOWNHOMES

2022: $80,211,500

2022

2023

% Change

9

8

11%

Average Sales Price

$1,081,611

$1,064,864

2%

List to Sold Price Ratio

98%

95%

3%

94%

Days on Market

92

83

10%

of list price

$9,734,500

$8,518,911

12%

Sold Listings

Total Dollar Volume Sold

Properties sold for

Average Sales Price

$2,009,241

VACANT LAND 2022

2023

% Change

13

4

69%

Average Sales Price

$2,290,692

$1,471,000

36%

List to Sold Price Ratio

99%

92%

7%

Days on Market

996

1680

69%

346

$5,884,000

80%

440 in 2022

Sold Listings

Total Dollar Volume Sold $29,779,000

$2,110,829 in 2022

Average Days on Market

3


LUXURY HOME MARKET

4

142 Larkspur Loop | Rural CB

818 Belleview Ave | Town of CB

Sold for $2,100,000

Sold for $1,510,000

Listed by Coldwell Banker Mountain Properties

Listed by Coldwell Banker Mountain Properties

Sold by LIV Sotheby’s International Realty

Sold by Coldwell Banker Mountain Properties

105 Bear Scratch Lane | Mt. CB

42 Earhart Lane | Rural CB

Offered at $7,500,000

Offered at $4,350,000

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

275

95%

$337,380,736

365 in 2022

of list price

2022: $400,986,094

Average Sales Price

Average Days on Market

$1,226,839

195

$1,098,592 in 2022

175 in 2022

5


RURAL CRESTED BUTTE Overall Rural CB

SINGLE FAMILY HOMES 2022

2023

% Change

35

33

6%

Average Sales Price

$2,566,506

$2,414,530

6%

List to Sold Price Ratio

97%

95%

2%

Days on Market

115

154

34%

$79,679,500

11%

Number of Properties Sold

88 109 in 2022

Total Dollar Volume Sold

Sold Listings

Total Dollar Volume Sold $89,827,700

$123,047,025 CONDOS & TOWNHOMES

2022: $143,373,700

Properties sold for

96% of list price

2022

2023

% Change

27

22

19%

Average Sales Price

$865,648

$1,007,045

16%

List to Sold Price Ratio

99%

100%

1%

Days on Market

216

234

8%

$22,155,000

5%

Sold Listings

Total Dollar Volume Sold $23,372,500

Average Sales Price

$1,398,262

VACANT LAND 2022

2023

% Change

47

32

32%

Average Sales Price

$641,989

$649,610

1%

List to Sold Price Ratio

96%

96%

No Change

Days on Market

275

194

29%

$20,787,525

31%

$1,315,355 in 2022 Sold Listings

Average Days on Market

188 209 in 2022 6

Total Dollar Volume Sold $30,173,500


CRESTED BUTTE SOUTH Overall CB South

SINGLE FAMILY HOMES 2022

2023

% Change

14

13

7%

Average Sales Price

$1,236,119

$1,112,704

10%

List to Sold Price Ratio

97%

96%

1%

Days on Market

77

119

55%

Sold Listings

Total Dollar Volume Sold $17,305,662 $14,465,150

16%

Number of Properties Sold

41 46 in 2022

Total Dollar Volume Sold

$31,321,150 CONDOS & TOWNHOMES

2022: $35,814,662

2022

2023

% Change

16

16

No Change

Average Sales Price

$876,375

$830,375

5%

List to Sold Price Ratio

100%

99%

1%

97%

Days on Market

108

138

28%

of list price

Sold Listings

Total Dollar Volume Sold $14,022,000 $13,286,000

Properties sold for

5%

Average Sales Price

$763,930

VACANT LAND 2022

2023

% Change

16

12

25%

Average Sales Price

$280,438

$297,500

6%

List to Sold Price Ratio

97%

94%

3%

Days on Market

145

160

10%

139

$4,487,000

$3,570,000

20%

111 in 2022

Sold Listings

Total Dollar Volume Sold

$778,580 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


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