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March 2018 Crested Butte Real Estate Market Report

April 25, 2018 By Chris Kopf

 March 2018 Crested Butte Real Estate Market Report

March 2018 Crested Butte Real Estate Market Report

March 2018 Crested Butte Real Estate Market Report

Download New 2017 Crested Butte
Real Estate Market Report 

2017 Crested Butte Real Estate Market ReportClick the image above to Download the Full Crested Butte Real Estate Market Report.

Crested Butte Real Estate Market Report – YTD Q1 2018

Crested Butte Real Estate Market Remains Strong Through Winter Ski Season Despite Lack of SnowLast Winter it was hard to see homes in

March 2018 Crested Butte Real Estate Market ReportCrested Butte buried under all the snow. This year the big snow did not come and visitor counts were down by 15% – 20%, but real estate activity was still strong and through March the volume and transactions are up. We did not get the same numbers from the front-range skiers (Colorado Springs to Ft. Collins) as they were waiting for the snow and better extreme skiing conditions.

Even so, we continue to see Buyer demand for Crested Butte Real Estate remains strong. Inventory levels also continue to be steady (except for the “lower-end” of the market), and we have not seen a large drop in supply and rise in price points like some other mountain towns (Breckenridge area for example). Kudos to CBMR getting Crested Butte added to the EPIC Pass (Vail) this will bring in large numbers of skiers in the future and these multi-resort passes are an important tool to attract skiers and tourism $.

Overall prices are still well below the peak prices we saw in the 2006 – 2008. We are seeing gradual price appreciation. Crested Butte remains a great value in real estate compared with other mountain ski markets. The bell curve of the Single Family home market has shifted over the past few years and now the $1.1M – $1.6M Range seems to show the highest number of transactions. Looking at the past 12 months there have been 26 Single Family Homes sold in this price range with Average Square footage at 3,155 sq. ft. and Average Price Per Sq. Ft. of $445. There are currently 29 Single Family Homes between $1.1M and $1.6M for sale, with Average price of $1.35M and $453 per sq. ft. Most are fully furnished and move-in ready, others require some updates for most buyers.

Land Sales the past 3 years have been brisk, and architects and builders are busy. Building costs per sq. ft. are in the $375 – $400 per sq. ft. range at the low-end (plus the lot). So given the Average Lot sale in 2017 was nearly $300,000 and assuming a 3,000 sq. ft. home. Back of the napkin calculation shows finished costs will be in the $1.5M+ range resulting in approx. $500+ per sq. ft.

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. As I say, 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.

 

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 – 14 pages of detail and insight into the Crested Butte Real Estate market — and 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 Q1 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.

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

If you are interested in finding out what your property is worth, or considering me to represent you as a Buyer, 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 chriskopf@bighornrealty.com

For questions regarding this Crested Butte Real Estate Market Report or the Crested Butte Real Estate Market in general contact:

Thanks,
Chris Kopf
Global Luxury Property Specialist
Coldwell Banker Bighorn Realty
(970) 209-5405
chriskopf@bighornrealty.com

 

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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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