Birdseye View | Crested Butte Market Snapshot | Second Quarter 2023
The Crested Butte area has experienced a pause from the frenetic pace of sales a couple of years ago. In comparing notes with other markets large and small, it appears the whole country is experiencing the same pause and a return to more normal selling cycles.
As we adjust to activity similar to five years ago, sellers are becoming more realistic with pricing and buyers are more patient with decision making. This normalizing in the market is creating more inventory to choose from, which also frees up pent up demand and increases selling activity during our peak selling season.
Summer activity is certainly heating up, as Bluebird is positioned to close almost as much in the month of July as the firm has closed all year to date. The company leads the market in new listings taken this year and closed properties as well. Also, with over 400 years of combined experience, the Bluebird team in Crested Butte and Gunnison set the pace for knowledge and expertise.
Along with our booming blooms this summer, the downtown district is bustling with new renovations of established and upcoming restaurants. Plans are being finalized to add hundreds of rental units to alleviate workforce housing demands and employment shortfalls.
Crested Butte is an exciting emerging market with measured, quiet growth and a unique and very desirable destination. Talk to one of our broker associates about how we are “bringing dreams home.”
Bluebird Real Estate is the exclusive regional member of Luxury Portfolio International, the largest network of independent brokerages and luxury properties in the world.
View the full report with graphs here.