Crested Butte Market Report, Fourth Quarter 2022

Page 1

SINGLE FAMILY HOMES

2021 2022 % Change

Sold Listings 41 18 56%

Average Sales Price $2,121,756 $2,074,394 2%

List to Sold Price Ratio 97% 97% No Change Days on Market 126 162 29%

Total Dollar Volume Sold $86,992,00 $37,339,100 57%

CONDOS & TOWNHOMES

2021 2022 % Change

Sold Listings 176 126 28%

Average Sales Price $573,732 $632,533 10%

List to Sold Price Ratio 99% 99% No Change Days on Market 150 81 46%

Total Dollar Volume Sold $100,976,783 $79,699,132 21%

VACANT LAND

2021 2022 % Change

Sold Listings 53 13 75%

Average Sales Price $571,038 $1,168,192 105%

List to Sold Price Ratio 93% 98% 5% Days on Market 1058 273 74%

Total Dollar Volume Sold $30,265,000 $15,186,500 50%

2 MT. CRESTED BUTTE Overall Mt. Crested Butte Number of Properties Sold 157 271 in 2021 2021: $218,583,783 Total Dollar Volume Sold $132,224,732 Properties sold for of list price 98% Average Sales Price $806,582 in 2021 $842,196 Average Days on Market 325 in 2021 106
3 CRESTED BUTTE Overall Crested Butte SINGLE FAMILY HOMES 2021 2022 % Change Sold Listings 32 13 59% Average Sales Price $2,202,969 $2,893,846 31% List to Sold Price Ratio 97% 93% 4% Days on Market 128 203 59% Total Dollar Volume Sold $70,495,000 $37,620,000 47% CONDOS & TOWNHOMES 2021 2022 % Change Sold Listings 20 9 55% Average Sales Price $604,138 $1,081,611 79% List to Sold Price Ratio 99% 98% 1% Days on Market 188 92 51% Total Dollar Volume Sold $12,082,750 $9,734,500 19% VACANT LAND 2021 2022 % Change Sold Listings 17 13 24% Average Sales Price $1,405,324 $2,290,692 63% List to Sold Price Ratio 99% 99% No Change Days on Market 566 996 76% Total Dollar Volume Sold $23,890,500 $29,779,000 25% 2021: $147,582,410 Total Dollar Volume Sold $80,211,500 Number of Properties Sold 38 87 in 2021 Properties sold for of list price 96% Average Sales Price $1,696,350 in 2021 $2,110,829 Average Days on Market 247 in 2021 440
187 Trent Jones Way | Rural CB Sold for $3,225,000 Listed by Bluebird Real Estate, LLC Sold by Coldwell Banker Mountain Properties Listed by Coldwell Banker Mountain Properties 69 Stream View Lane | Rural CB Offered at $3,10,000 Listed By Coldwell Banker Mountain Properties 991 County Road 738 | Rural CB Offered at $4,750,000 817 Whiterock Ave | Town of CB Sold for $4,250,000 Listed by Coldwell Banker Mountain Properties Sold by LIV Sotheby’s International Realty 4 LUXURY HOME MARKET
5 UPPER VALLEY STATISTICS Number of Properties Sold 365 697 in 2021 2021: $487,993,360 Total Dollar Volume Sold $400,986,094 Properties sold for of list price 97% Average Sales Price $942,760 in 2021 $1,098,592 Average Days on Market 254 in 2021 175

SINGLE FAMILY HOMES

2021 2022 % Change

Sold Listings 53 35 34%

Average Sales Price $2,173,178 $2,566,506 18%

List to Sold Price Ratio 96% 97% 1% Days on Market 152 115 24%

Total Dollar Volume Sold $115,178,420 $89,827,700 22%

CONDOS & TOWNHOMES

2021 2022 % Change

Sold Listings 35 27 23%

Average Sales Price $839,386 $865,648 3%

List to Sold Price Ratio 100% 99% 1% Days on Market 127 216 70%

Total Dollar Volume Sold $29,378,500 $23,372,500 20%

VACANT LAND

2021 2022 % Change

Sold Listings 123 47 62%

Average Sales Price $540,911 $641,989 19%

List to Sold Price Ratio 96% 96% No Change Days on Market 257 275 7%

Total Dollar Volume Sold $66,532,000 $30,173,500 55%

6 RURAL CRESTED BUTTE Overall Rural CB 2021: $212,937,920 Total Dollar Volume Sold $143,373,700 Properties sold for of list price 97% Average Sales Price $999,709 in 2021 $1,315,355 Average Days on Market 209 in 2021 209 Number of Properties Sold 109 213 in 2021
7 CRESTED BUTTE SOUTH Overall CB South SINGLE FAMILY HOMES 2021 2022 % Change Sold Listings 26 14 46% Average Sales Price $1,035,865 $1,236,119 14% List to Sold Price Ratio 100% 97% 3% Days on Market 79 77 10% Total Dollar Volume Sold $26,932,480 $17,305,662 34% CONDOS & TOWNHOMES 2021 2022 % Change Sold Listings 14 16 14% Average Sales Price $625,000 $876,375 40% List to Sold Price Ratio 99% 100% 1% Days on Market 74 108 46% Total Dollar Volume Sold $8,750,000 $14,022,000 60% VACANT LAND 2021 2022 % Change Sold Listings 55 16 71% Average Sales Price $180,887 $280,438 55% List to Sold Price Ratio 97% 97% No Change Days on Market 250 145 42% Total Dollar Volume Sold $9,948,800 $4,487,000 55% Number of Properties Sold 46 99 in 2021 2021: $47,893,280 Total Dollar Volume Sold $35,814,662 Properties sold for of list price 98% Average Days on Market 180 in 2021 111 Average Sales Price $483,771 in 2021 $778,580
Experience Counts When it’s time to buy or sell real estate in Crested Butte, the most important decision is to find the right broker to be your guide. 18 of our agents have lived in the valley for over 20 years, and our team shares 439 years of combined real estate experience. OUR BROKERS ARE LOCAL EXPERTS—LET US MAKE THE MOST OUT OF YOUR CRESTED BUTTE REAL ESTATE JOURNEY. 215 Elk Avenue 970.349.5007 www.crestedbutte.realestate
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