August 2015 Market News

Market Update

August 2015 Market News

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.