Crested Butte Real Estate Market Report
YTD Through February 2019
Crested Butte Real Estate Market Report YTD February and 2019 Outlook
Crested Butte Real Estate Market Mild – Remainder of Winter Ski Season Hopeful
The winter ski season has been great skiing, visitor counts seem to be steady – but consensus among the real estate community is the real estate activity (showings) has slowed down (currently our MLS System cannot produce reporting data to provide actual data… stay tuned).
So far, the visitors from the front range seem to be coming to ski and are enjoy the great snow and the extremes. Seems there are more “weekend warriors” coming from front range and fewer among the affluent skier demographic so far. Anecdotal inquiry of a tenured Mountain Express bus driver says Saturdays the busses are full, not so much on the other days. The good news is the skiers who are coming appreciate our last great Colorado Ski Town!
Crested Butte Spring Break Visitors
The Spring Break numbers look very promising and hopeful that we will have a higher percentage of affluent visitors from Texas and Oklahoma (their Spring Breaks thankfully do not overlap) and perhaps more families from the Front Range, and other surrounding states.
As noted previously Vail is not marketing Crested Butte like the resort owners of the past. Gone are the bundled promotions of airfare, lodging, lift tickets, lodging…etc. It’s probably going to take some additional marketing from the tourism Association next year to promote Crested Butte and get more people to fly here during the winter season.
So the looming questions is still whether the Vail affect and affluent Epic Pass visitors will come to Crested Butte. And will and then will those visitors become Crested Butte Real Estate Buyers? And will other visitors who come to Crested Butte see a higher value for buying Crested Butte Real Estate because Vail is the new ski area operators. I think yes and yes – but it may take a year or more to look in the rear view mirror to validate this.
Crested Butte Real Estate VOLUME and TRANSACTIONS – YTD
This Crested Butte Real Estate Monthly Market Report is a total of 15 pages – Download Your Copy of 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.
Crested Butte Real Estate Single Family Home Sales by Price – YTD
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.
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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.
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For questions regarding this Crested Butte Real Estate Market Report or the Crested Butte Real Estate Market in general contact:
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