Crested Butte Real Estate Market Report
Through June 2024 + Outlook
Crested Butte Real Estate Market Report June 2024 –
Crested Butte is on display – and most say the wildflowers this year are best ever, there were great fireworks, and the July 4th parade was special. 🇺🇸 Francene and I enjoy the parade through downtown CB on Elk Avenue, and I got to lead the parade (after the color guard) promoting the Crested Butte Rotary Club Annual fundraiser – The Duck Race.
Get your ducks in the race – and get your BIG DUCK in the race (families, businesses, non-profits…) 🐥
Great to attend the recent Crested Butte Land Trust Gala Event – and thankful for all the people who work behind the scenes to continue to protect the beauty of the Crested Butte area!
- Two New Restaurants Open in Downtown CB – Two Twelve which is a high-end dining experience with great live fire cooked food and drink, and Bruhaus a beer hall with a full menu of comfort food.
- Highway50 Middle Bridge is open for one lane traffic. the bridge will be open twice daily for single-direction traffic between 6:30 and 8:30 a.m. and 4:30 and 6:30 p.m. One lane on the US 50 Middle Bridge will be open during those times and a pilot car will lead smaller vehicles across the bridge one direction at a time. link: CDOT Highway 50 Bridge Closure
- Alpenglow Concerts – Monday evening in town and Wednesday evening in Mt. CB!
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Let me know if you have questions about the Crested Butte Real Estate Market and how I can help you – or that of a friend. I appreciate all the recommendations and referrals!
Thank you,
Chris.
Crested Butte Real Estate Inventory Down – Transactions & Volume Up, Prices Stable
Prior 12 month results through the end of June –
through the end of June – Transactions slightly up – 280 vs. 250 Year Over Year, Volume up – $360M vs. $287M, Single Family Homes Transactions up – 94 vs. 67, Condos & Townhomes unchanged – 126 vs. 126, Land Transactions up slightly – 60 vs 57.
Inventory Down – All properties For Sale – 280 vs. 469 Year over Year, Single Family Homes – 101 vs. 117, Condos & Townhomes – 111 vs. 143, Land – 196 vs. 210.
We continue to see new construction starts for single family homes – construction costs for new homes far exceed the cost for existing homes, and 3+ year average design and construction timeline. This reinforces that Buyers have become very specific in their expectations, and those who are not willing to wait for the right property are buying land and building. There are still home buyers waiting and watching. This indicates strong desire and interest in Crested Butte.
Outlook – July 4 weekend kicks-off the summer visitor season which correlates to the summer real estate selling season in Crested Butte. Expectations are still high for a strong summer buying season, especially quality homes and land. Crested Butte is still a great value compared with other mountain ski resort towns. Equities markets way up, Buyers taking money off the table and investing in Crested Butte home with cash and starting their journey and creating a lifetime of memories here in Crested Butte.
All Transactions For The Past 12 Months:
- All Areas All Property Types – There were 280 total properties sold, 94 of those being single family homes sold, and total volume of all properties sold for all areas was $359,863,172.
- All Single Family Homes – The Median Sold Price for single family homes was $2,030,000.
- Condos & Townhomes – Median Sold Price of $728,000.
- Downtown Crested Butte Single Family Homes Sold Median Sold Price of $2,905,000. The Median Sold price per sq. ft. was $1,266, Average Discount from Asking to Selling Price was 3%
- Mt. Crested Butte Single Family Homes Sold – Median sold price of $1,950,000, and Median Sold Price Per Square foot was $655, Average Discount from Asking to Selling Price was 2.3%
- Skyland Single Family Homes Sold – Median Sold price of $3,200,000, Median Sold Price per sq. ft. $1,078. Only 3 homes sold prior 12 months.
- Rural Crested Butte – 30 homes sold, Median Sold Price $2410,000. Median Sold Price per sq. ft. $749.
- CB South – 11 homes sold, Median Sold Price $1,132,000. Median Sold Price per sq. ft. $502.
- Land sales – There were a total of 60 transactions with a Median Sold Price of $845,000.
Curious about what your home is worth, or want to be prepared for the winter 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 this Crested Butte Real Estate Market Report
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 Through June 2024
Transactions & Median Sales Price
Prior 5 Years by Quarter
Single Family Home Sales
All Areas Prior 12 Months
Crested Butte Real Estate Market Snapshot
All Single Family Homes By Price Range (Quartiles)
Downtown Crested Butte Single Family Home Sales
There have been 25 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 21 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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Skyland Area Single Family Homes
There have been 3 Single Family Homes Sold in the Skyland area in the past 12 months – see more info and the Results for All other Areas in the Full Crested Butte Market Report.
Crested Butte Condos and Townhomes
There have been 127 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
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See Breakdown of Single Family Homes Sold by Different Areas, Condos & Townhomes, Land…
What is For Sale… and more!
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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.
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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.
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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
