2015 Real Estate Summary & Start of 2016

By January 18, 2016Uncategorized

The Crested Butte real estate market finished on a steady pace and displayed a 9.36% increase in transactions at an 11.35% increase in total dollar amount. While there have been several $1 million+ transactions in 2015, the bulk of the activity was seen in the condominiums and vacant land segments. This kept the average transaction cost at $451,841, which is just slightly higher than the average in 2014.

Interestingly this time last year, there were 628 active listings with 35 properties under contracts. Listings are down 5% starting in 2016 while properties under contracts are up 100%.

Residential listings in the town of Crested Butte are down 24% making it a good time to list for those interested in selling, with the opposite being true in Mt Crested Butte as residential listings are up 13%.  This is on par with the town of Crested Butte real estate market being the first to stabilize followed by Mt. Crested Butte and the surrounding areas of town.

(Keep in mind that statistics do not recognize the unique and special properties that exist in the Crested Butte market as they do not necessarily fit the mold of generalized statistics.)


Link: http://www.coloradorealtors.com/colorado-regional-statistics/

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