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Chris Kopf Coldwell Banker Mountain Properties

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Crested Butte Real Estate Market Report Dec 2018

December 13, 2018 By Chris Kopf

Crested Butte Real Estate

Crested Butte Real Estate Market Report Dec 2018  

Crested Butte Real Estate

Crested Butte Real Estate Market Report Dec 2018 – YTD through November 2018

Crested Butte Real Estate Market Remains Strong Winter Ski Season Prediction = Very Strong

2018 YTD through the end of November shows the transactions are up but volume is slightly behind 2017 YTD. The Avg. Sold prices are down for Single Family and Luxury Single Family Homes in all price categories.

Crested Butte Home

This Crested Butte Real Estate Monthly Market Report is a total of 14 pages – Download the Full Market Report HERE

There have been double the number of single family homes sold between $1.5M and $2M YTD. And year to date there have been half the number sold above $2M compared to 2017.  There has been only one single family home sold through the end of November above $3M. There is quite a bit of inventory of luxury single family homes on the market. The Crested Butte Real Estate Market has seen nearly six years of steady growth in volume and transactions. I expect this Winter and 2019 to show continued positive results.

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Crested Butte Homes Sold

 

Winter Ski Season Anticipation of EPIC Visitors to Crested Butte

Crested Butte SantaThere is big anticipation for this Winter and the arrival of EPIC Pass skiers as an additional boost to the Crested Butte Real Estate Market. Some are eager for Vail to make changes. There is always the vocal minority that does not want Vail to change anything! As reported by KBUT it appears that Vail will not be investing any $ in Crested Butte lifts in 2019. Instead they will be closing the Teocalli lift due to its obsolete status. There may be some enhancements to a couple of on-mountain restaurants. I expect Vail is taking a wait and see approach, and hopefully saving the $ for the Teo II ski area expansion.

It is also great to hear that GM Tim Baker has made safety a priority on the mountain. I have seen more yellow jacket guest services people out on the mountain at various spots ensuring there are not out of control high speed skiers or boarders entering the Slow Zones… Unfortunately there were a few ski instructors who were taken out in the last week or so by out of control skiers and boarders.

Crested Butte Real Estate Slow Down Looming?

Crested Butte FoxNationally there has been some slowdowns in real estate sales in metro areas. Some predict Crested Butte may experience a pull back. I do not see it. I believe there has been a pause due to mortgage rates rising. However, rates are still below 5% (historically this is very cheap money) and rates were at 6% or higher during the previous real estate boom cycle.

The Crested Butte Real Estate market is driven by affluent second homeowner buyers who are looking to buy their mountain dream home. The motivation is to create a lifetime of memories for their family, friends, and clients they share this wonderful place with. I see the trend of buyers continuing as Crested Butte is still is a great value. There are lots of choices in location, quality, and price point of homes here. Call me.

Crested Butte has seen a great start to the snow season. All are hoping we will see that continue, as we need to have a big snow year to replace the water in the reservoirs.  The Santa Ski invasion on the mountain is this weekend – hundreds of Santas skiing is really a cool sight and a fun event. Christmas in Crested Butte is a special time. I hope you enjoy your Christmas and Holidays where ever you are. And I hope you get the opportunity to ski here in Crested Butte this winter!

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. I hope 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 14 Page Crested Butte Real Estate Market Report December 2018. And subscribe to my FREE Monthly Newsletter to get more information on this and many other topics.

 

Click the image below to Download the Full Crested Butte Real Estate Market Report Now

2017 Crested Butte Real Estate Market Report

How is the Crested Butte Real Estate Market Doing?   – Receive the Full Crested Butte Real Estate Market Report.You will enjoy the 14 pages of detail and insight into the Crested Butte Real Estate market. You will get my FREE Monthly Newsletter emailed to you with the Crested Butte Real Estate Market Reports!

See the big picture and all the details of the Crested Butte CO Real Estate Market.  Download Full CB Real Estate Market Report as a .pdf file (more data and charts)

Chris Kopf Crested Butte Real Estate AgentHow can I help you with Your Crested Butte Co Real Estate Needs?

This 2018 YTD 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.

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.

I have consistently been among the Top Real estate agents in Crested Butte, and I strive to exceed client expectations.

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

 

Top Crested Butte Real Estate Agent

 

 

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Chris Kopf, Coldwell Banker Mountain Properties
305 6th Street
Crested Butte, CO 81224
  • 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. "

 
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:45:19-07:00
"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. "  
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.
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:46:48-07:00
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.
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.
Crested Butte Real Estate by Chris Kopf
2014-10-14T17:59:24-06:00
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!!!
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:49:37-07:00
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!!!
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.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:40-06:00
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.
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.
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:51:04-07:00
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.
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.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:59-06:00
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.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:06:18-06:00
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.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:06:31-06:00
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.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:26-06:00
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/
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Crested Butte Real Estate by Chris Kopf

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2016. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.

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