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Crested Butte Real Estate Market Report Video YTD February 2019

March 10, 2019 By Chris Kopf

Crested Butte Real Estate Market Report YTD March 2019Crested Butte Real Estate Market Report YTD February 2019

Here’s the Crested Butte Real Estate Market Report Video YTD February 2019! You can now also WATCH me explain this month’s market report in my video. But you can also download the full report here and read this post for a quick summary of this month’s market report.

We’re just seeing the end of spring break and a tremendous amount of new snow. We’ve seen a huge spike in our snowfall and the density of snow, which is great. We had a kind of a low precipitation year last year so everything has been great. 2018 was a really strong year and if you haven’t gotten a copy of my annual market report at the end of the year, you can do that right here!

How Was 2018?

2018 we saw a pretty strong year. It was really our fifth, fifth or six year coming out of the recession that we saw strong results who are strong buyers in the market. We didn’t see really any huge price point in increases. In fact, in a lot of categories. We saw the market was fairly flat or down based on price points except for the lower end of the market. Single family homes under a million. And the Condo town home market that was probably under the $750,000 range. We saw a lot of transactions and we saw properties that didn’t stay on the market too long.

In the rest of the market we still have good activity, but we just didn’t see any inflection points. And then of course, the big news in 2018 was the acquisition of Crested Butte Mountain Resort by Vail. And a lot of people thought that that was going to provide a big inflection point in our price points in. But that didn’t really happen.

This Crested Butte Real Estate Monthly Market Report is a total of 15 pages – Download Your Copy of the Full Market Report HERE

Slow Start to 2019

In general, what we’re seeing now is a little bit of a funky market in 2019. A little slow down. We’ll see how it goes after the spring break. Turns out there’s a little bit of a pickup with the activity level. But the snow is so good, people just want to be out there skiing!

So why do we see a little bit of a slowdown in the beginning this first quarter of 2019? If you look at single family homes between $1 – 2 million and single family homes between $ 2 – 3 million there was a gap in price point for the seller’s side. Last year the discount from asking price to selling price for $1-2 million homes was 4.3%. The price point of those homes is currently about 12.5% above previous sold prices. For $2-3 million homes the price point is almost 30% above previous prices. So there is some euphoria for the sellers there.

Impact of Vail on Crested Butte Market

There is a trend in other markets where when Vail has come in and they want to fix some things, especially regarding lifts, before they really start doing all their marketing. But considering our national economy and world economy are expected to stay stable and there’s not any major changes anticipated there. I think we’ll continue to see progression and price points and interest in Crested Butte as we see a lot more new visitors coming in.

I believe that in the event that there is an announcement for a major development, like where the Cimarron building was going to be built, then things would change. If something like that happened at the base, then I think we’d see probably thousand dollars square foot condo prices at the base. And I think that if they were able to presell those and we saw some activity in that regard, then I believe we would see price points rising among all properties in all areas in the Crested Butte area.

Get your full 15 page copy of the Crested Butte Real Estate Market Report YTD February 2019 for even more detailed information!

Or Click HERE to Download Now! 

Helping You Make Informed Decisions Regarding Crested Butte Real Estate

Sell Your Crested Butte Home Chris Kopf Coldwell BankerI 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.

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

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

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