Crested Butte Real Estate Market Report
August 2023 + Outlook
Crested Butte Real Estate Market Report August 2023.
Summer lemonade stands, gatherings with family, community events, wildflowers, hikes, bikes, paddleboards, fly fishing, golf, pickleball, cool evenings around the firepit… this is what Crested Butte memories are made of. Most of us were attracted to Crested Butte for the great skiing, and fell in love with summers here in this special place.
We are seeing aspen leaves starting to change color – autumn is upon us and for me it is an extension of great summer activities and adventures with a bit slower pace. I encourage clients that are looking to buy a home or land to come back in the fall and enjoy the beauty of Crested Butte colors.
Fewer Transactions and More Price Adjustments
It is typical this time of year to see price adjustments as the summer/fall selling season is winding down and final to attract offers prior to shoulder season before the lifts start spinning. There are still active buyers waiting for the right property priced to the market – and a strong inventory of quality homes. There are some great values compared with current building costs ($900 – $1,200 per sq. ft. estimate) as quoted by local architects and builders + 3 years time.
Luxury Homes Market $3M+
There are 31 Single Family Homes For Sale above $3M with Median Asking Price of $5.225M at $1,361 per sq. ft. – Average Days on Market is 147. There are 5 homes Under Contract – Average Days on Market is 264. There have been 14 homes sold in the past 12 months with a Median Sold Price of $4.175M at $1,040 per sq. ft. and Average Days on Market is 194.
Luxury Homes $5M+
Of note from the info above – there are 17 homes for sale, 2 homes Under Contract, and 4 homes have sold above $5M in the past 12 months.
For The Past 12 Months – Crested Butte Real Estate Market Report August 2023
- All Areas All Property Types – There were 252 total properties sold, 70 of those being single family homes sold, and total volume of all properties sold for all areas was $292,222,224.
- All Single Family Homes – The average sold price for single family homes was $2,175,000.
- Condos & Townhomes – there were 121sold, and an Average Sold Price of $833,000.
- Downtown Crested Butte Single Family Homes Sold was 9, at a median sold price of $2,800,000. The Median Sold price per sq. ft. was $1,245, Median Ask Price per sq. ft. $1,349.
- Mt. Crested Butte Single Family Homes Sold – median sold price of $1,950,000, and Median Sold Price Per Square foot was $702, Median Ask Price per sq. ft. $745.
- Skyland Single Family Homes Sold – median sold price of $2,532,500, and Median Sold Price per sq. ft. $843.
- Rural Crested Butte – 33 homes sold, Median Sold Price $2,360,000. Median Sold Price per sq. ft. $834.
- CB South – 13 homes sold, Median Sold Price $1,125,000. Median Sold Price per sq. ft. $561.
- Land sales – there were a total of 65 transactions with an Median Sold Price of $838,250.
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 the new format of this Crested Butte Real Estate Market Report August 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 August 2023
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 10 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 116 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 August 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.
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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
