Crested Butte Real Estate Market Report
July 2023 + Outlook
Crested Butte Real Estate Market Report July 2023. We have enjoyed cool mountain temperatures this summer here in Crested Butte – and many are escaping the sweltering heat in their hometowns… July is always super fun and busy with activities, events, galas… It is great to see so many clients and family and friends in town to enjoy this beautiful place. Have my two brothers and sister in town – enjoying the Alpenglow concert in downtown Crested Butte!
Lots of changes and construction in downtown Crested Butte – Clarks Market closing for 4 months for total remodel and upgrade – the new store will feature 70% fresh produce, quality meat and seafood, and expanded high-end deli. Hopeful that The Hideout (formerly The Last Steep) will be open by the winter ski season. Under Construction – the old Brick Oven building and the Forest Queen building (was Coal Creek Grill).
Transactions Down Year over Year – Crested Butte Market Shift
We have seen many more price reductions on listings as the market is shifting. The buyer demand is still strong, and some great options to chose from – but higher price points means there are fewer Crested Butte buyers – and many great options to chose from.
Inventory: there are a total of 493 properties for sale in the Crested Butte area: 122 Single Family Homes with Average Asking Price of $3,046,000, and 153 Condos & Townhomes with Average Asking Price of $866,964, and 217 parcels of Land with Average Asking Price of $867,000.
The luxury market in Crested Butte is active and for many – buying land and building a home in the Crested Butte area is their dream. For others – buying an existing quality Crested Butte area home that they can put their heads on a pillow in 30-45 days has great value…
For The Past 12 Months – Crested Butte Real Estate Market Report July 2023
- All Areas – 252 total properties sold, 70 single family homes, total volume of all properties sold for all areas was $292,222,224.
- The average sold price for single family homes was $2,175,712.
- Condos & Townhomes – there were 121 sold, and an Average Sold Price of $833,090.
- Downtown Crested Butte – 9 Single Family homes sold, median sold price of $2,600,000, median sold price per Sq. Ft. $1,245.
- Mt. Crested Butte Single Family home sales – median sold price of $1,950,000, and Median Sold Price per Sq. Ft. was $702.
- Skyland home sales – median sold price of $2,532,500, and Median Sold Price per Square foot at $843.
- Rural Crested Butte – 33 homes sold, Median Sold Price $2,360,000. Median Sold Price per Sq. Ft. $834.
- CB South total homes sold =13, Median Sold Price was $1,125,000, Median Sold Price per Sq. Ft. $569.
- Land sales – there were a total of 61 transactions with an Median Sold Price of $838,250.
Curious about what your home is worth, or want to be prepared for the summer buying season – contact me today.
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I hope you enjoy the new format of this Crested Butte Real Estate Market Report July 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 July 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 9 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 11 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 121 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 February 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.
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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
