Crested Butte MARKET UPDATE

With its charming downtown and rugged small-town aesthetic influenced by its history as a mining town, Crested Butte is a gem in Colorado’s Rocky Mountains. The ski resort is renowned for its steep and challenging terrain and nearby Kebler Pass offers access to untamed wilderness.

Gunnison County’s real estate market varied from one community to the next for the first quarter of 2023. Mt Crested Butte saw a 15.1% increase in the average price per square foot from $622 to $716. The average sold price was down 12.7% from $816,918 to $713,252. The Town of Crested Butte had a 57.4% decline in the average sold price, due in part to the sale of a $11.55 million dollar property in 2022 compared to the highest price sold property of $1.8 million this year

Crested Butte South saw a large jump in average sold price, up 51.4% from $586,208 to $887,230. The average price per square foot was down 1% from $556 to $550. Properties in Rural Crested Butte also enjoyed a sizable increase in average sold price, ticking up 62.5% from $799,863 to $1,299,800.

With luxurious slopeside ski homes and historic downtown dwellings, Crested Butte appeals to buyers looking for a small-town lifestyle in a scenic mountain setting.