Happy New Year, Winter Market Update
The Crested Butte real estate market is enjoying “bluebird days”!
Home buying visitors have recognized the relative value of property in a pure resort community like Crested Butte, compared to the congested front range resorts and pricy neighbors to the north and south. We are seeing increased sales to buyers from Boulder and Denver who prefer the ease of access and relaxed friendly culture that CB has to offer.
Young empty nesters and active baby boomers are downsizing primary homes in the supporting markets of Oklahoma and Texas to have a mountain respite for winter, summer and holiday times, sharing their retreats with family and friends.
Bluebird Real Estate wishes to thank you for being a part of our early success! You have embraced our brand and our agents, and we are grateful. As a result, our agents have enjoyed their highest sales in years, and our company has recently led the market in new listings.
With our community support and charitable fund, we are honored to be your neighbor and to serve this unique paradise that we call home. Happy new year to you and best wishes for a healthy and prosperous season!
Here is a snapshot of the most recent yearend MLS sales statistics:
Town of Crested Butte: 70% increase in prices over the last two years, $1.3 million average home price.
Mt. Crested Butte: average time on market down 27%, to about eight months.
CB South: 8% increase in prices over the previous year to $632,000 average.
Prices jumped 37% on the mountain to an average of $362,700.
Diminishing four month supply of units, down 60% from 2015.
41% increase in sales to 117 parcels.
242 tracts available, a shrinking two year supply, down from five years.