Birdseye View | Crested Butte Market Snapshot | Fall 2023

As we transition through one of the most beautiful seasons of the year, we are enjoying one of the most vibrant displays of fall color that we have seen in years. Real estate right now is displaying the peak hues of the year and business has been bustling.

Following a significant pause in sales starting this time last year, activity has rebounded through the third quarter with strong sales this summer and into fall. Expensive property closings and cash transactions less influenced by interest rate increases have excelled. Bluebird participated in the highest ever sale in Crested Butte this summer with a closing price of over $8.5 million in Aperture.

Although inventory has been growing, which has been a real benefit to purchasers, prices of homes in Crested Butte ($2.8m) and Mt Crested Butte ($2.5m) continue to rise. This is the same for mountain condominiums, now averaging nearly $720,000. Mid-level sales are steady and prices have stabilized in rural Crested Butte averaging $2.3 million, CB South averaging just over $1 million and with area land averaging nearly $650,000.

Crested Butte is an emerging market in the ski resort sector that is being recognized by investors and purchasers for its relative value, peaceful culture, quality of life, and picturesque setting.

Bluebird continues to lead the regional market with Gunnison and Crested Butte offices serving the entire valley and the most experienced and highest producing agents in the area. We are grateful for our loyal and steady community that we value and serve in every way possible every day.

Bluebird is the exclusive regional member of Luxury Portfolio International, the leading collection of independent brokerages and luxury properties in the world.

View the full report with graphs here.