Crested Butte Market Report, First Quarter 2024

Page 1

2 MT. CRESTED BUTTE Overall Mt. Crested Butte Number of Properties Sold 17 13 in 2023 2023: $9,272,280 Total Dollar Volume Sold $19,205,800 Properties sold for of list price 95% Average Sales Price $713,252 in 2023 $1,129,753 Average Days on Market 120 in 2023 106 SINGLE FAMILY HOMES 2023 2024 % Change Sold Listings 4 % Average Sales Price $ $2,652,550 % List to Sold Price Ratio —% 94% —% Days on Market 102 % Total Dollar Volume Sold $ $10,610,200 % CONDOS & TOWNHOMES 2023 2024 % Change Sold Listings 10 12 20% Average Sales Price $716,478 $678,583 5% List to Sold Price Ratio 98% 97% 1% Days on Market 85 102 20% Total Dollar Volume Sold $7,164,780 $8,143,000 14% VACANT LAND 2023 2024 % Change Sold Listings 3 1 67% Average Sales Price $702,500 $452,600 36% List to Sold Price Ratio 82% 91% 9% Days on Market 236 180 24% Total Dollar Volume Sold $2,107,500 $452,600 79%
3 CRESTED BUTTE Overall Crested Butte SINGLE FAMILY HOMES 2023 2024 % Change Sold Listings 3 3 No Change Average Sales Price $1,645,000 $2,706,750 65% List to Sold Price Ratio 97% 98% 1% Days on Market 122 150 23% Total Dollar Volume Sold $4,935,000 $8,120,250 65% CONDOS & TOWNHOMES 2023 2024 % Change Sold Listings 1 % Average Sales Price $ $668,500 % List to Sold Price Ratio % 96% % Days on Market 127 % Total Dollar Volume Sold $— $668,500 —% VACANT LAND 2023 2024 % Change Sold Listings 1 2 100% Average Sales Price $385,000 $1,137,500 195% List to Sold Price Ratio 97% 81% 16% Days on Market 190 385 103% Total Dollar Volume Sold $385,000 $2,275,000 491% 2023: $9,765,000 Total Dollar Volume Sold $11,813,750 Number of Properties Sold 8 7 in 2023 Properties sold for of list price 94% Average Sales Price $1,395,000 in 2023 $1,476,719 Average Days on Market 158 in 2023 181
152 Evergreen Drive | Rural CB Sold for $4,820,000 Listed by Coldwell Banker Mountain Properties Sold by LIV Sotheby’s International Realty Listed by Coldwell Banker Mountain Properties 2 Ptarmigan Court | Mt. CB Offered at $5,750,000 Listed By Coldwell Banker Mountain Properties 105 Bear Scratch Lane | Mt. CB Offered at $7,500,000 10300 Endner Lane | Almont Sold for $5,750,000 For Sale By Owner Sold by Coldwell Banker Mountain Properties 4 LUXURY HOME MARKET
5 UPPER VALLEY STATISTICS Number of Properties Sold 49 37 in 2023 2023: $37,266,430 Total Dollar Volume Sold $70,300,250 Properties sold for of list price 95% Average Sales Price $1,007,201 in 2023 $1,434,699 Average Days on Market 162 in 2023 130
6 RURAL CRESTED BUTTE Overall Rural CB 2023: $12,998,000 Total Dollar Volume Sold $25,109,900 Properties sold for of list price 96% Average Sales Price $1,299,800 in 2023 $1,931,531 Average Days on Market 188 in 2023 134 Number of Properties Sold 13 10 in 2023 SINGLE FAMILY HOMES 2023 2024 % Change Sold Listings 4 6 50% Average Sales Price $2,303,250 $3,570,000 55% List to Sold Price Ratio 96% 95% 1% Days on Market 172 157 9% Total Dollar Volume Sold $9,213,000 $21,420,000 132% CONDOS & TOWNHOMES 2023 2024 % Change Sold Listings 1 2 100% Average Sales Price $425,000 $872,450 105% List to Sold Price Ratio 100% 100% No Change Days on Market 76 61 20% Total Dollar Volume Sold $425,000 $1,744,900 311% VACANT LAND 2023 2024 % Change Sold Listings 5 5 No Change Average Sales Price $672,000 $389,000 42% List to Sold Price Ratio 94% 98% 4% Days on Market 223 136 29% Total Dollar Volume Sold $3,360,000 $1,945,000 31%
7 CRESTED BUTTE SOUTH Overall CB South SINGLE FAMILY HOMES 2023 2024 % Change Sold Listings 2 2 No Change Average Sales Price $1,058,075 $1,162,400 10% List to Sold Price Ratio 92% 97% 5% Days on Market 157 94 40% Total Dollar Volume Sold $2,116,150 $2,324,800 10% CONDOS & TOWNHOMES 2023 2024 % Change Sold Listings 2 4 100% Average Sales Price $962,500 $961,250 0.1% List to Sold Price Ratio 100% 99% 1% Days on Market 361 140 61% Total Dollar Volume Sold $1,925,000 $3,845,000 100% VACANT LAND 2023 2024 % Change Sold Listings 1 % Average Sales Price $395,000 $ % List to Sold Price Ratio 93% % % Days on Market 134 % Total Dollar Volume Sold $395,000 $ % Number of Properties Sold 6 5 in 2023 2023: $4,436,150 Total Dollar Volume Sold $6,169,800 Properties sold for of list price 98% Average Days on Market 157 in 2023 94 Average Sales Price $887,230 in 2023 $1,028,300

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.