Crested Butte Real Estate Market Report February 2023 + Outlook
Crested Butte Real Estate Market Report February 2023 + Outlook: Whoa snow snow snow… It has been a great ski season, with more snow forecasted. The lifts stop spinning here in CB on April 2nd.
It was great to see so many clients over the winter ski season, and enjoyed having my sister Karen and her family here over Spring Break – and I am thankful that I get to live and work here in Crested Butte and enjoy this special place with family, friends and clients.
It has been a crazy couple of years… The real estate market has seen quite a bit of change. My goal is to leverage my experience and expertise to help my clients understand the market and help you to make informed
decisions. I strive to build lasting relationships with honest, candid, and trustworthy input to allow my clients to achieve their goals. I hope you find the new format of my Crested Butte Real Estate Market Report informative. I appreciate your input – call me, send me a text or an email with your comments, your feedback is appreciated.
Crested Butte Real Estate Market – Fewer Transactions, Prices Still Rising…
How is the Crested Butte Real Estate Market? Through the end of February 2023 we have seen way fewer transactions and volume is down as well (even compared with pre-Covid). Inflation and higher interest rates are concerns for most buyers. Prices may not be rising as fast as the prior 2 years, but given lack of quality inventory – we are still seeing ascending price points.
We have a lot of cash buyers – or buyers who are leveraging their equity portfolio. Lenders are offering many options to buy down the interest rates, or encouraging buyers to have more cash in the deal. Buyers are expecting to either pay off the mortgage quickly, or refinance if/when interest rates drop (which has been predicted for 2024). Some buyers looking to take money out of the equities markets and invest in real estate.
With all the visitors here for Spring Break – there has been a steady activity of interest and showings (even with all the new snow and great skiing conditions).
It is taking longer to sell properties. Average Days on Market for Single Family Homes is 148, for Condos & Townhomes it is 230, and for Land it is 164 days. Buyer are being more patient and selective – challenging sellers to price their properties to the market taking into perspective the quality of the home. In the past it was easier for buyers to make changes/updates to homes, but the local general contractors and sub-contractors have a backlog of projects which affects timeframes and higher project costs (which I believe is partially responsible for keeping home prices where they are – see Buy vs. Build article).
Curious about what your home is worth, or want to be prepared for the summer buying season – contact me today.
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Click the red button to see “the big picture and all the details” of the Crested Butte Real Estate Market.
I hope you enjoy the new format of this Crested Butte Real Estate Market Report January 2023 + Outlook
Thanks,
Chris Kopf
email: Chris.Kopf@CBMP.com
call or text me: (970) 209-5405
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Crested Butte Real Estate Market Report (40 Detailed Pages).
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.Crested Butte Real Estate Market Report January 2023
Transactions & Median Sales Price Prior 5 Years by Quarter
Crested Butte Real Estate Market Snapshot – All Single Family Homes By Price Range (Quartiles)
Downtown Crested Butte Single Family Home Sales
There have been 12 Single Family Homes Sold in the past 12 months in Downtown Crested Butte – see more info and the Results for All other Areas in the Full Crested Butte Market Report.
Mt. Crested Butte Single Family Home Sales
There have been 16 Single Family Homes Sold in the past 12 months in Mt. Crested Butte – see more info and the Results for All other Areas in the Full Crested Butte Market Report.
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Crested Butte Condos and Townhomes
There have been 158 Condos & Townhomes Sold in the past 12 months in the Crested Butte area.
CRESTED BUTTE MARKET REPORT DETAIL PAGES
Fly fishing here in the Crested Butte area is my passion. I have learned that there are hundreds of detailed skills needed in order to successfully present a fly to a trout in moving water, to hook a trout when he so subtly strikes, and then to successfully net, handle and safely release a trout back into the river or stream.
The trout I am holding in the photo is a very rare Palomino trout caught in the summer of 2022 on the East River here in Crested Butte.
The detail pages in my report include charts and graphs that will provide you with perspective on the patterns and trends for Single Family Homes in each geographic area. You will also see details for additional property types – Condos & Townhomes, and Land for the entire Crested Butte area.
I have had many clients that have complimented me on the level of detail in the following pages – especially when they were strongly considering buying or selling.
The level of detail in this report is representative of what you can expect from me as your Real Estate Agent.
I have helped hundreds of clients to buy and sell their homes and land in the Crested Butte area.
I appreciate the opportunity to earn your business as well.
This Crested Butte Real Estate Market Report has over 40 detailed pages – Download Your Copy HERE
- How is the Luxury Crested Butte Real Estate Market?
- See Breakdown of Single Family Homes Sold by Different Areas, Condos & Townhomes, Land…
- What is For Sale… and more!
- Get Your Copy of Crested Butte Real Estate Market Report February 2023 + Outlook
Helping You Make Informed Decisions Regarding Crested Butte Real Estate
I produce this monthly Crested Butte Real Estate report to provide You with a high level overview by looking at the patterns and trends.
My goal is to help YOU make sense of the numbers so you can make informed decision. It is my hope that this report helps you to ”See the Big Picture and All the Details!”
If you see a segment of the market that you would like additional help with understanding please contact me. Or if you desire a specific Property Valuation Report for Your home that I routinely prepare for my clients, please contact me.
Get Your Crested Butte Real Estate Market Report Now!
Or Click HERE to Download Now!
See the big picture and all the details of the Crested Butte Real Estate Market –> See Full CB Real Estate Market Report (more data and charts)
How can I help you with Your Crested Butte Co Real Estate Needs?
This Crested Butte Real Estate Market Report and the level of detail is representative of what you can expect from me as your Real Estate Agent.
If you are considering buying or selling – I have been in your shoes.
My wife and I were second homeowners for 10 years prior to moving our family to Crested Butte full time.
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How is the Crested Butte Real Estate Market doing?
The Crested Butte Real Estate Market is very active. Get Your Monthly Crested Butte Real Estate Market Reports.
Whether you are a current Second Homeowner or You are Considering Buying Real Estate in Crested Butte – this detailed Monthly Market Report will save you Time and Help YOU make informed decisions.
Get Your Crested Butte Real Estate Market Report Now!
I have consistently been a Top Real Estate Agent in Crested Butte, and I appreciate the opportunity to earn your business and be your Crested Butte Real Estate Agent.
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Contact me at:
Chris Kopf
Global Luxury Property Specialist
Coldwell Banker Mountain Properties
Chris.Kopf@CBMP.com
(970) 209-5405
