Birdseye View | Crested Butte Market Snapshot | Fall 2025

Following one of the most colorful and sustained fall seasons in recent history, the cattle drives are making their way out of the high country down the highway, in preparation for winter.

The Crested Butte real estate market is showing resilience and defying national trends. Inventories of available properties are normalizing, and prices are very stable. Sales in town nearly doubled through the third quarter to 17 transactions, averaging a record $3.2 million. On the mountain, sales are steady with a new high for price per square foot of $819.

Sales in rural Crested Butte are steady with a slight uptick of 19 sales to date, averaging over $2.8 million. CB South homes are averaging over $1.6 million for the first time, with the lowest average time to sell at 83 days.

Condominiums on the mountain are selling at an average price of nearly $745,000, a 10% increase year-over-year, with 61 properties currently available. A premier new development, Beckwith Residences, formerly The Elevation, will be under construction starting this winter. With close access to the ski base area, a private club, and exceptional modern appointments, one to three bedroom units are currently available for reservation with pricing targets ranging from $1.6 to $6.6 million.

North valley land sales have jumped as value seekers are spending an average of nearly $630,000 for a parcel, representing 51 transactions through the third quarter, representing a 42% increase.

Bluebird sales are up this year by over 30% and the firm leads the market, selling more properties in the valley than any brokerage. Crested Butte continues to be a very desirable destination as an emerging market with a peaceful culture and breathtaking surroundings.

Bluebird Real Estate is the exclusive regional member of Luxury Portfolio International, the largest consortium of premium brokerages and properties in the world.

View the full report with graphs here.