Crested Butte Real Estate Market Report
2019 Outlook and 2018 Results
Crested Butte Real Estate Market Report 2019 Outlook and 2018 Results
Crested Butte Real Estate Market Remains Strong Winter Ski Season Prediction = Very Strong
Crested Butte will see Growth in Volume, Transactions, and Slight Increase in Price Points in 2019. The most common question is “How is the Crested Butte Real Estate Market?” and that answer is very good in most Crested Butte areas and price ranges. See the following pages of tables, charts and graphs in the 2018 Review and a snapshot look at current inventory and properties Under Contract.
2018 Results show the transactions are up but volume is slightly behind 2017. The Avg. Sold prices are down for Single Family and Luxury Single Family Homes in all price categories.
This Crested Butte Real Estate Monthly Market Report is a total of 19 pages – Download the Full Market Report HERE
There have been nearly double the number of single family homes sold between $1.5M and $2M in 2018 compared with 2017. But there have been only half the number of homes sold above $2M compared to 2017.
How Will VAIL Affect The Crested Butte Real Estate Market?
This answer includes more uncertainty, and requires more speculation.
Like two old men pontificating about which football team will make it into the National Championship next year – we don’t know what we don’t know. Nobody knows.
We do know that Vail pre-sells Epic Passes to skiers all over the world – and many from the front-range of Colorado. These Epic Pass holders now have the choice to also come to Crested Butte! But, they have also have 11 other Mountain Ski Resorts to choose from. The days of booking a ski vacation months in advance are gone.
The Ski Industry and Crested Butte flight and hotel bookings shows us that more often skiers are choosing their destinations based on snow. Snowpack, Powder, New Snow, Deep Snow. Most Epic pass holders are experienced skiers and so having lots of lifts open and terrain to ski is key to their choice to come to Crested Butte.
Connecting the Dots – I believe Vail Epic Pass visitors will increase the overall visitor count and bring new visitors to Crested Butte. A percentage of new skier visitors fall in love with Crested Butte, and then come back in the Summer – and fall in love again. More Visitors who fall in love with Crested Butte convert into Real Estate Buyers. More Buyers are good for the Crested Butte Real Estate Market. I still don’t see a huge inflection in price points (yet).
Helping You Make Informed Decisions Regarding Crested Butte Real Estate
I produce this monthly report to provide You with a high level overview by looking at the patterns and trends.
I hope 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 that I routinely prepare for my clients, please contact me.
This report covers Crested Butte Single Family Homes/Luxury Homes, Crested Butte Condos, Crested Butte Town Homes and Crested Butte Land.
You will also see a ”slice” of the data by Price Range and by Area for Single Family Homes to provide a more insightful view of the market.
To learn more about how VAIL will affect Crested Butte?
And what might happen to Crested Butte Real Estate prices?
Click here to Download the 19 Page Crested Butte Real Estate Market Report. And subscribe to my FREE Monthly Newsletter to get more information on this and many other topics.
See the big picture and all the details of the Crested Butte Real Estate Market –> Download Full CB Real Estate Market Report as a .pdf file (more data and charts)
How can I help you with Your Crested Butte Co Real Estate Needs?
This Crested Butte Real Estate Market Report 2019 Outlook and 2018 Results and the level of detail is representative of what you can expect from me as your Real Estate Agent.
I am consistently among the Top Real estate agents in Crested Butte and among the top 1% of all Coldwell Banker Agents in North America, and I strive to exceed client expectations.
You May Be Wondering… What is My Home Worth?
Do you wonder what your home is worth in the current market? Do you desire a specific Property Valuation Report that I routinely prepare for my clients? Please contact me.
If you are considering me to represent you, I would appreciate the opportunity to earn your business (or that of a friend you think I could help).
For questions regarding this Crested Butte Real Estate Market Report or the Crested Butte Real Estate Market in general contact:
Broker / Owner
Global Luxury Property Specialist
Coldwell Banker Mountain Properties