Birdseye View | Market Snapshot | Second Quarter 2021
It is great to see happy people enjoying hiking, riding and moving about town without masks for the first time in a while. Summer activity is in full swing, with Alpenglow concerts, civic gatherings and wildflowers peaking. Real estate sales are reaching new all-time highs in all of our neighborhoods.
Buyers are confidently securing properties of their dreams, outbidding prices in multiple offer situations for homes and land new to the market. The demand is keeping the supply at record lows.
Crested Butte surpassed an average selling price of $2 million for the first time, with and a price per square foot over $900. The market inventory is a mere three months in the north valley. The average sales price in CB South eclipsed $1 million for the first time as well, a thirty percent increase over last year.
Mt Crested Butte condos are selling rapidly, with twice as many sales to date (70) and the average price per foot at a record $543. Land sales are booming in the Crested Butte vicinity, with 140 units transacted to date compared to 131 all of last year. The average price has doubled to nearly $475,000, and the 107 active listings represent the lowest inventory in many years.
Some of the exponential growth is due to the rebound from the flat market last year during covid. But it appears that buyer confidence in our market and our lifestyle is higher than ever. Bluebird’s sales have more than doubled this year, and the firm leads the market in the highest average selling price of nearly $1 million.
We have made a substantial commitment to our community through our Charitable Fund, with a portion of every closing contributed. As top-level sponsors in organizations like the Center for the Arts, CB Nordic and CB State of Mind, Bluebird is invested in our unique culture and quality of life that we appreciate and share with our neighbors every day.
View the full report with graphs here.