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).

Visit www.chriskopf.com. Phone: (970) 209-5405, or Chris.Kopf @CBMP.com

For questions regarding this Crested Butte Real Estate Market Report or the Crested Butte Real Estate Market in general contact:

Chris Kopf
Broker / Owner
Global Luxury Property Specialist
Coldwell Banker Mountain Properties
Chris.Kopf@CBMP.com
(970) 209-5405

Testimonials

Bobby Nichols

"The first moment we met Chris, my wife and I knew he was all about what is happening in real estate sales in Crested Butte. He knows his job, the marketplace and the innovative ways to market your home in today's electronic internet space. A real professional that understood us and our needs in handling a very successful sales transaction. "

2015-02-11T13:45:19-06:00

https://chriskopf.com/testimonials/bobby-nichols/

Jeff Hollings

Chris is outstanding! We recently bought a second home in Crested Butte and Chris did a great job throughout the whole process. He has a thorough understanding of the market and the benefits and drawbacks of various locations. He was very patient with us as our preferences evolved throughout the search. He gave us valuable information on which to negotiate the purchase. He had great follow-up during the inspection/closing process (when we were not in town) and made sure all of the commitments made by the seller were properly completed.

2015-02-11T13:46:48-06:00

https://chriskopf.com/testimonials/jeff-hollings/

James Brennan

This was our first experience trying to purchase additional land with hopes of building a home. Chris was tremendously helpful throughout the entire process and his professionalism showed.

2014-10-14T17:59:24-05:00

This was our first experience trying to purchase additional land with hopes of building a home. Chris was tremendously helpful throughout the entire process and his professionalism showed.

https://chriskopf.com/testimonials/james-brennan/

Jane Saltzman

Chris was terrific to work with. The house sold faster then I ever expected! He was particularly helpful for this second home owner that couldn't always get there to take care of house issues. Thank you Chris!!!

2015-02-11T13:49:37-06:00

https://chriskopf.com/testimonials/jane-saltzman/

Georges Lussier

The thought of a short sale was intimidating, but Chris made the experience very easy with lots of guidance from start to finish. I would highly recommend Chris for any Real Estate need buying or selling.

2014-10-14T18:05:40-05:00

https://chriskopf.com/testimonials/georges-lussier/

Frank Stringer

Chris Kopf is a wonderful person to work with on any real estate matter you may have in Crested Butte. He is extremely knowledgeable of all elements of the Crested Butte area. He helped us recently to buy a new second home in Skyland and the entire experience was first class under Chris's guidance. I would highly recommend him to anyone who has a real estate need in Crested Butte.

2015-02-11T13:51:04-06:00

https://chriskopf.com/testimonials/frank-stringer/

Paul & Julie Keesee

Chris was quite helpful in showing us homes in the area we were interested in and contacted us when new listings were available. We not only consider him our realtor but also a friend.

2014-10-14T18:05:59-05:00

Chris was quite helpful in showing us homes in the area we were interested in and contacted us when new listings were available. We not only consider him our realtor but also a friend.

https://chriskopf.com/testimonials/paul-julie-keesee/

Jim & Sandra Wickham

Chris' patience and persistence paid off for us in finding the right house for the right price. We would highly recommend Chris to any potential buyer.

2014-10-14T18:06:18-05:00

Chris' patience and persistence paid off for us in finding the right house for the right price. We would highly recommend Chris to any potential buyer.

https://chriskopf.com/testimonials/jim-sandra-wickham/

Tom & Mary Aton

It was a great experience working with Chris, after showing me what I thought I wanted, he advised me of the pros and cons on the different condos and found one that I am thrilled with.

2014-10-14T18:06:31-05:00

It was a great experience working with Chris, after showing me what I thought I wanted, he advised me of the pros and cons on the different condos and found one that I am thrilled with.

https://chriskopf.com/testimonials/tom-mary-aton/

Dan Aquaviva

This agent has a very strong knowledge of the local area. He was very helpful in screening properties for potential purchase.

2014-10-14T18:05:26-05:00

This agent has a very strong knowledge of the local area. He was very helpful in screening properties for potential purchase.

https://chriskopf.com/testimonials/dan-aquaviva/

Crested Butte Real Estate Market Report 2019 Outlook and 2018 Results