Birdseye View | Crested Butte Market Snapshot | Fall 2024

Our transition to the winter season has begun and the hardcore skiers are tuning up their skis for early season tracks. One beautiful aspect of our geography is the very defined seasons and passages, especially from fall to winter. The fall colors were magical and vibrant following a strong snowpack from our last winter.

The real estate market continues to shape in a normalizing fashion. Sales are steady and inventories of available properties are growing to adequate supplies. The average price for a home in Crested Butte hovers just above $3 million with a couple dozen properties currently on the market.

Homes on the mountain average $2.2 million with only 13 available listings. Homes surrounding the core, such as Skyland and Trappers Crossing average $2.8 million with 16 sales through the third quarter of this year. Crested Butte South homes are in short supply with nine sales to date averaging $1.1 million.

The mountain condo market is solid with 60 sales averaging $675,000 with about the same number of available properties. Land offerings have increased to a three year supply as purchasers have paused with only 36 sales so far in the Crested Butte area averaging just over $600,000.

As a thriving emerging market, the Crested Butte area is experiencing dynamic changes which will enhance quality of life for its residents and visitors. The Red Lady exchange finalized the extinguishment of mining in perpetuity on Mt Emmons. A significant apartment development is in final planning stages south of downtown, the Community School is adding capacity with much needed expansion and a new fire station is well underway. There are lots of renovation projects downtown making way for new eateries and gathering places.

Bluebird leads the market this year with the most properties sold and the highest volume of sales in the Gunnison valley. With two offices serving both ends of the valley as well as ranch properties throughout the county, the Bluebird sign is well recognized as being the symbol for exceptional marketing and successful results for our clients.

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

View the full report with graphs here.