November 2015 Market News

Market Update

November 2015 Market News

November 2015 Market News

It has been a busy Fall in the Crested Butte Real Estate Market. 44 additional condo and single family home sales have occurred since my last newsletter including five that exceeded $1 million. One of which, where our office represented both the Seller and Buyer, sold for $3,530,000. That makes 231 condo and home sales totaling $125,406,611 closed so far this year. The average reduction off list price is 6%, which is down another percent since my last newsletter, a clear indicator that the market is improving. Another 64 properties totaling $34,027,810 are under contract. Of those under contract, 33 are my listings at the Timbers on Mt. Crested Butte, which are expected to close in the Spring of 2016.

Land sales continue to increase over years past. Since, January 1, 2015, 102 parcels have sold, totaling $21,771,450. In addition, there are currently 19 parcels totaling $4,416,000 which are currently under contract.