Crested Butte Real Estate Market February 2025 + Outlook
Crested Butte Real Estate Market February 2025, Showing Prior 12 Months Results Through January 2025 – Snow, Snow Snow – thankful for 3+ feet of much needed fresh powder that blanketed the slopes. Skiing is great! Francene and I took a quick trip to Breckenridge where she had a PSI Level 2 ski instructor clinic. Always enjoy visiting other mountain ski towns, and comparing and contrasting… Most of January and early February was dry – and thankful that we got a big snow! The annual Blister Summit coming up Feb. 23rd – 27th.
Look forward to seeing you here in CB – reach out to get together. The remainder of the winter ski season should be great!
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 your recommendations and referrals!
Thank you,
Chris.
email: Chris.Kopf@CBMP.com
call or text me: (970) 209-5405
Crested Butte Transactions Up and Ascending Prices Continue
Crested Butte Real Estate Market February 2025 – Prior 12 Month Results show transactions up 7.7% year over year (285 vs. 263) and Volume down 3% ($367M vs $379M). Average Days on Market currently 157 vs. 196 from a year ago. Median Price of Single Family Home Sold Prior 12 Months is $2,070,000 vs. $1,775,000 this time last year.
For Sale – January inventory levels show total properties at 299 vs. 405 this time last year, make-up is 57 Single Family Homes For Sale (down from 82 this time last year), 81 Condos/Townhomes (down from 101), and 161 parcels of land for sale (down from 208).
Luxury Single Family Homes – in the past 12 months there have been 19 homes sold for above $4M, Median Sold Price of $4.8M and Highest Price Home Sold – a new build in Skyland for $8,150,000. There are 16 homes For Sale over $4M with the Median Asking Price at $6.7M, currently none Under Contract, and the Highest Price Home is the Cow Camp Homestead that is 9,000 sq. ft. of high-end living space with newly completed main home + guest home (total of over 10,200 sq. ft. heated under roof), and on nearly 13 acres, offered for $16.6M.
2025 Outlook – The Crested Butte real estate market is poised for continued buyer demand in 2025 at higher price points. Low inventory (there are only 18 single family homes with 4+ bedrooms for sale under $4M, Median Price point $3.1M), plus cost of new construction ($1,000 – $1,200+ per sq. ft.) combined with meticulous buyer interest, suggests a more balanced market.
There are no indicators that mortgage rates are going to drop significantly in 2025. The recent Fed decision cited “solid labor market conditions” and “somewhat elevated inflation” as key reasons for no change in the Fed Rate. The 30-year mortgage rate (7% +/-) is benchmarked to the rate of the 10-year Treasury note. I sense that affluent buyers are tired of waiting – wanting to buy their vacation mountain home, and start enjoying a lifetime of memories with family, friends and clients… Expecting more cash buyers or lower loan amounts on transactions.
Whether you are buying a home, or land and building your dream home Crested Butte is still a great value when compared to other Colorado mountain ski-towns – especially when you consider the “full package” – great skiing with minimal lift lines, recreation summer/fall, community, fun events/festivals, amenities…
Crested Butte Real Estate Market February 2025
Prior 12 Months Through January 2025 SOLD:
- All Areas All Property Types – There were 285 total properties sold, 85 of those being single family homes sold, and total volume of all properties sold for all areas was $366,680,350.
- All Single Family Homes – The Median Sold Price for single family homes $2,070,000. Average Discount from Asking to Selling 3.7%.
- Condos & Townhomes – there were 146 sold, and Median Sold Price of $745,000. Average Discount from Asking to Selling 3.5%.
- Downtown Crested Butte Single Family Homes Sold – 17 homes sold at a Median Sold Price of $3,200,000. The Median Sold price per sq. ft. was $1,306, Average Discount from Asking to Selling Price was 11.1%
- Mt. Crested Butte Single Family Homes Sold – Median sold price of $2,129,500, Median Sold Price Per Square foot was $796, Average Discount from Asking to Selling Price was 4.8%
- Skyland Single Family Homes Sold – Median Sold price of $3,880,000, and Median Sold Price per sq. ft. $1,1157. Average Discount from Asking to Selling Price was 4.7%.
- Meridian Lake Area – Only 2 homes Sold in 2024, with Median Sold Price of $2.8M, Median Sold Price per sq. ft. $728.
- Rural Crested Butte – 30 homes sold, Median Sold Price $2,725,000. Median Sold Price per sq. ft. $841. Average Discount from Asking to Selling Price was 1.4%
- CB South – 14 homes sold, Median Sold Price $1,265,000. Median Sold Price per sq. ft. $554. Average Discount from Asking to Selling Price was 3.6%
- Land sales – There were a total of 55 transactions with a Median Sold Price of $835,000, Average Discount from Asking to Selling 5.6%.
Curious about what your home is worth, or want to be prepared for the winter buying season – contact me today.
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All 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)
All Areas Prior 12 Months
Downtown Crested Butte Single Family Home Sales
Prior 12 months
Mt. Crested Butte Single Family Home Sales
Prior 12 months
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Skyland Area Single Family Homes
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Crested Butte Condos and Townhomes
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Crested Butte Land
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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
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!
How can I help you with Your Crested Butte Co Real Estate Needs?
This Crested Butte Real Estate Market Report Prior 12 Months Through January 2025 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 Francene and I were second homeowners for 10 years prior to moving our family to Crested Butte full-time.
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I have helped over 400 satisfied clients to successfully buyer of sell – I appreciate the opportunity to earn your business and be your Crested Butte Real Estate Agent.
Contact me:
Chris Kopf
Global Luxury Property Specialist
Coldwell Banker Mountain Properties
Chris.Kopf@CBMP.com
(970) 209-5405
ChrisKopfCB.com
Thanks for reading this article: Crested Butte Real Estate Market February 2025 – Prior 12 Months Through January 2025
