December 2014 Market News

Market Update

December 2014 Market News

The Crested Butte real estate market has experienced an impressive 265 condo and home sales valued at $127,802,090. Click here to views sales under $1mil and click here for sales over $1mil. This represents one more sale than same period last year and only $1.3mil less in volume. Reduction off of list price is closing the gap over last year at an average of 8%, now only 1% higher. Average and median prices remain almost exactly the same as last year, $482,272 and $320,000 respectively. Average days on the market has dropped from 298 to 265.

Land sales continue to improve as 63 transactions have sold in the upper valley year to date for a total of $19,177,735. That’s up $5.3mil in volume from the same period last year. Average price is up 31% and median price is up 26% to settle in at $304,408 and $164,000.