August 2015 Market News. The busy summer Crested Butte real estate market winds downs as the arrival of Fall settles in. 150 condo and home sales totaling $80,168,061 have closed so far with the average reduction off list price dropping to 6%. Incredibly that is the exact number of sales that occurred the same period last year but amounting to just over $7.2mil more in volume. The average sales price of $534,453 is up 9% and the median price of $385,000 is up 4%. Another 60 properties totaling $32,933,200 are under contract six of which are over $1mil.
Nine additional land sales occurred in August bringing the total so far this year to 76 parcels. That represents $13,702,700 in volume and a 50% increase over the same period last year. 14 additional parcels totaling $4,442,400 are currently under contract.